Examples of Applicable Utilization Fee Percentage in a sentence
The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilizationfee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under S ection 2.09.
The Borrower shall pay to the Administrative Agent for the pro rata account of the Banks a utilization fee on the aggregate outstanding principal amount of the Advances, for each day on which the Utilization Ratio exceeds 0.50, at a rate per annum equal to the Applicable Utilization Fee Percentage, payable on each day on which a payment of interest is due under Section 2.09.