Common use of Utilisation fee Clause in Contracts

Utilisation fee. (a) The Company shall pay to the Facility Agent (for the account of the Lenders pro rata to their Outstandings) a utilisation fee computed at the rate of 0.05 per cent. per annum on the Total Outstandings for each day that the Total Outstandings are in an amount exceeding 50 per cent. of the Total Commitments. (b) The accrued utilisation fee is payable on the last day of each successive period of three Months commencing from the date of this Agreement and on the Termination Date.

Utilisation fee. (a) The Company shall pay to the Facility Agent (for the account of the Lenders pro rata to their Outstandings) a utilisation fee computed at the rate of 0.05 0.025 per cent. per annum on the Total Outstandings for each day that the Total Outstandings are in an amount exceeding 50 per cent. of the Total Commitments. (b) The accrued utilisation fee is payable on the last day of each successive period of three Months commencing from the date of this Agreement and on the Termination Date.