Common use of Utilisation fee Clause in Contracts

Utilisation fee. (a) The Parent shall pay to the Agent for distribution to each Bank (pro rata to the proportion the principal amount of its outstanding Tranche B Advances and Bills drawn under Tranche B bears to the aggregate principal outstanding Tranche B Advances and Bills drawn under Tranche B in each currency on each day) a utilisation fee on the aggregate principal amount each day of all outstanding Utilisations under Tranche B at the rate specified in Column (1) below if on that day the Original Euro Amount of all outstanding Utilisations under Tranche B falls within the range set opposite that rate in Column (2) below:

Appears in 5 contracts

Samples: Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.