Common use of Agent’s Management Time Clause in Contracts

Agent’s Management Time. Any amount payable to the Facility Agent under Clause 18.3 (Indemnity to the Facility Agent), Clause 20 (Costs and Expenses) (other than under Clause 20.1 (Transaction expenses)) and Clause 28.18 (Lenders’ indemnity to the Facility Agent) shall include the cost of utilising the Facility Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Facility Agent may notify to the Company and the Lenders, and is in addition to any fee paid or payable to the Facility Agent under Clause 15 (Fees).

Agent’s Management Time. Any amount payable to the Facility Agent under Clause 18.3 21.3 (Indemnity to the Facility Agent), Clause 20 23 (Costs and Expenses) (other than under Clause 20.1 (Transaction expenses)) and Clause 28.18 32.10 (Lenders’ indemnity to the Facility Agent) in connection with or following the occurrence of a Default shall include the cost of utilising the Facility Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Facility Agent may notify to the Company and the Lenders, and is in addition to any fee paid or payable to the Facility Agent under Clause 15 18 (Fees).