Common use of Duration Fee Clause in Contracts

Duration Fee. On each of the 90th, 180th and 270th days after the Closing Date, the Borrower agrees to pay to the Agent for the account of each Lender a Duration Fee.

Duration Fee. On The Borrower shall pay to the Agent on each of the 90thdates set forth below for the accounts of the Lenders, 180th and 270th ratably in proportion to their outstanding Loans, a duration fee equal to the applicable percentage set forth below of the aggregate principal amount of the Loans outstanding on such date: 90 days after the Closing Date, Date 0.50% 180 days after the Borrower agrees to pay to Closing Date 1.00% 270 days after the Agent for the account of each Lender a Duration Fee.Closing Date 1.50%