Utilization Fees definition

Utilization Fees has the meaning set forth in Section 3.4(b).

Utilization Fees means the fees payable to the Lenders pursuant to Section 3.4(b).

Utilization Fees means, for any period of determination during the Revolving Period, the positive difference, if any, between (a) the amount of interest that would have accrued under this Agreement for such period on the principal amount of the Advances if the Advances Outstanding for such period was equal to the Minimum Usage Amount and (b) the amount of interest that actually accrued under this Agreement for such period on the principal amounts of the Advances.

Examples of Utilization Fees in a sentence

• The Borrower agrees to pay to the Administrative Agent utilization fees (the “ Utilization Fees ”) for the account of each Non-Defaulting Lender that has a Commitment for each day on which the Aggregate Revolving Facility Exposure exceeds 50% of the Total Commitment, computed for each such day at a rate per annum equal to the Applicable Utilization Fee Rate times the Revolving Facility Exposure of such Non-Defaulting Lender on such day.

• All computations of Facility Fees, Utilization Fees, LC Fees and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

• The Employer agrees to meet to review the Merit Based Pay System and to discuss the criterion used by the employer to award merit based pay increases when requested by the Union.

• Utilization Fees shall be due and payable monthly in arrears on the first Business Day after the end of each month, commencing with the first such date to occur after the issuance of a Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.

• Utilization Fees, if any, shall be due and payable quarterly in arrears on the last Business Day of each December, March, June and September and on the Maturity Date.

More Definitions of Utilization Fees

Utilization Fees has the meaning provided in Section 2.11(b).

Utilization Fees means, collectively, the Tranche 2 Utilization Fee and the Tranche 3 Utilization Fee.

Utilization Fees is defined in Section 3.2.

Utilization Fees has the meaning set forth in Section 2.09(b).

Utilization Fees has the meaning given to it in Section 5.3;

Utilization Fees has the meaning set forth in Section 3.4(c). DCP Midstream Operating, LP Amended and Restated Credit Agreement

Utilization Fees means, for any period of determination during the Revolving Period, the positive difference, if any, between (a) the amount of interest that would have accrued under this Agreement for such period on the principal amount of the Advances if the Advances Outstanding for such period was equal to the Minimum Usage Amount and (b) the amount of interest that actually accrued under this Agreement for such period on the principal amounts of the Advances. Any Utilization Fees shall be calculated by the Calculation Agent and included in the Payment Date Report delivered by the Administrative Agent to the Account Bank. “Wilmington Agents” means each of the Administrative Agent, Collateral Custodian and the Account Bank (including in its capacities under the Transaction Documents) and Wilmington Agent means either one of them. "Withholding Agent" means the Borrower and the Administrative Agent, as applicable. SECTION 1.02