Common use of Utilization Fees Clause in Contracts

Utilization Fees. For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (33 1/3%) of the Aggregate Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to the Applicable Percentage for Utilization Fees (as set forth on the Pricing Schedule) on the outstanding principal balance of the Loans (the "Utilization Fees"). The Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Atmos Energy Corp), 364 Day Revolving Credit Agreement (Atmos Energy Corp)

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Utilization Fees. For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (33 1/3%) of the Aggregate Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to the Applicable Percentage for Utilization Fees (as set forth on the Pricing Schedule) on the outstanding principal balance of the Loans (the "β€œUtilization Fees"”). The Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Atmos Energy Corp)

Utilization Fees. For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (33 1/333%) of the Aggregate Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to the Applicable Percentage for Utilization Fees one-eighth of one percent (as set forth on the Pricing Schedule.125%) on the outstanding principal balance of the Loans Utilized Revolving Commitment for such day (the "Utilization Fees"). The Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

Utilization Fees. For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three and one third fifty percent (33 1/350%) of the Aggregate Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to the Applicable Percentage for Utilization Fees (as set forth on the Pricing Schedule) on the outstanding principal balance of the Loans (the "Utilization Fees"). The Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

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Utilization Fees. For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (33 1/3%) of the Aggregate Bridge Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to the Applicable Percentage for Utilization Fees (as set forth on the Pricing Schedule) on the outstanding principal balance of the Loans Schedule (the "Utilization Fees"). The Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Bridge Credit Agreement (Atmos Energy Corp)

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