Common use of Facilities Fee Clause in Contracts

Facilities Fee. The Companies jointly and severally agree to pay to the Agent, for the account of the Lenders (and for the Agent to distribute to them), ratably according to their respective Committed Sums, a cash facilities fee (the "Facilities Fee") in an amount equal to one-fourth percent (0.25%) per annum of the Aggregate Committed Sum for the period from the Effective Date through the Termination Date. The Facilities Fee shall be payable in advance quarterly installments each equal to one-sixteenth percent (0.0625%) of the Aggregate Committed Sum on the date of payment, due on the Effective Date and on the fifteenth (15th) day of each March, June, September and December (if any) thereafter before the Termination Date. The Facilities Fee is not compensation for the use or forbearance or detention of money, although this Section (as well as every other Section of this Agreement) is subject to the provisions of

Facilities Fee. The Companies jointly and severally agree to pay to the Agent, for the account of the Lenders (and for the Agent to distribute to them), ratably according to their respective Committed Sums, a cash facilities fee (the "Facilities Fee") in an amount equal to one-fourth percent (0.25%) per annum of the Aggregate Committed Sum for the period from the Effective Date through the Termination Date. The Facilities Fee shall be payable in advance quarterly installments each equal to one-sixteenth percent (0.0625%) of the Aggregate Committed Sum on the date of payment, due on the Effective Date and on the fifteenth (15th) day of each March, June, September September, December and December March (if any) thereafter before the Termination Date. The Facilities Fee is not compensation for the use or forbearance or detention of money, although this Section (as well as every other Section of this Agreement) is subject to the provisions ofof Section 16.3. Each calculation by the Agent of the amount of the Facilities Fee shall be conclusive, absent manifest error. The Companies shall pay to the Agent on demand any deficiency in payment by the Companies of the Facilities Fee.