Common use of Utilization Fees Clause in Contracts

Utilization Fees. The Company agrees to pay to the Administrative ---------------- Agent for the account of each Lender a utilization fee on the amount of outstanding Loans of such Lender for each day that the aggregate outstanding principal amount of Loans shall exceed 25% of the aggregate amount of the Commitments at a rate per annum equal to the Applicable Percentage in effect from time to time, payable on each day on which interest is payable hereunder, and computed on the same basis as interest on each relevant Loan.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc /Md/)

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Utilization Fees. The Company agrees to pay to the Administrative ---------------- Agent for the account of each Lender a utilization fee on the aggregate outstanding principal amount of outstanding the Loans of such Lender for each day that the aggregate outstanding principal amount of Loans AMENDED AND RESTATED CREDIT AGREEMENT NY3 - 435973.09 shall exceed 2550% of the aggregate amount of the Commitments at a rate per annum equal to the Applicable Percentage in effect from time to timetime for utilization fees, payable on each day on which interest is payable hereunder, and computed on the same basis as interest on each relevant Loan.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc /Md/)

Utilization Fees. The Company agrees to pay to the Administrative ---------------- Agent for the account of each Lender a utilization fee on the amount of outstanding Loans of such Lender for each day that the aggregate outstanding principal amount of Loans shall exceed 25% of the aggregate amount of the Commitments at a rate per annum equal to the Applicable Percentage in effect from time to time, payable on each day on which interest is payable hereunder, and computed on the same basis as interest on each relevant Loan.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc /Md/)

Utilization Fees. The Company agrees to pay to the Administrative ---------------- Agent for the account of each Lender a utilization fee on the aggregate outstanding principal amount of outstanding the Loans of such Lender for each day that the aggregate outstanding principal amount of Loans shall exceed 2550% of the aggregate amount of the Commitments at a rate per annum equal to the Applicable Percentage in effect from time to timetime for utilization fees, payable on each day on which interest is payable hereunder, and computed on the same basis as interest on each relevant Loan.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc /Md/)

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Utilization Fees. The Company agrees to shall pay to the Administrative ---------------- Agent for the account of each Lender Bank a utilization fee on the amount of outstanding Loans of such Lender for each day that the aggregate actual daily outstanding principal amount of the Loans shall exceed 25% for any day on which the outstanding principal amount of the Loans exceeds one-half (1/2) of the aggregate Commitments computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon the daily amount of the Commitments at a rate per annum and outstanding Loans for that quarter as calculated by the Agent, equal to the Applicable Percentage in effect from time to time, payable on each day on which interest is payable hereunder, and computed on the same basis as interest on each relevant Loan.Utilization Fee Rate per annum. Such utilization fee

Appears in 1 contract

Samples: Credit Agreement (Berkley W R Corp)

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