Common use of Deferred Fee Clause in Contracts

Deferred Fee. The Borrowers shall pay to the Facility Agent a non-refundable deferred fee (for the account of the Lenders pro-rata to their Commitments) on the Payment Date in relation to each Tranche in an amount equal to 2 per cent. of the utilised amount in respect of that Tranche. In this Clause ‎10.3 (Deferred Fee):

Deferred Fee. (a) The Borrowers shall pay to the Facility Agent a non-refundable deferred fee (for the account of the Lenders pro-rata to their Commitments) on the Payment Date in relation to respect of each Tranche in an amount equal to 2 per cent. of the utilised amount Commitments as at the date of this Agreement applicable to that Tranche and in respect of that Tranche. each case on the relevant Payment Date. (b) In this Clause ‎10.3 10.2 (Deferred Fee):