Facility and Utilization Fees Sample Clauses

Facility and Utilization Fees. (a) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a facility fee at a rate per annum equal to the Facility Fee Rate on such Lender’s Pro Rata Share of the Aggregate Commitment Amount (or, after such Lender’s Termination Date, of the principal amount of all Outstanding Credit Extensions) for the period from the Effective Date to such Lender’s Termination Date (or, if later, the date on which all obligations of the Borrower to such Lender hereunder have been paid in full and such Lender has no participation interests in any LC Obligations), payable on the last day of each March, June, September and December and on the such Lenders’ Termination Date (and, if applicable, thereafter on demand).

Facility and Utilization Fees. The Company shall pay to the Administrative Agent for the account of each Lender a facility fee computed at the Facility Fee Rate on the average daily amount of such Lender's Commitment (whether used or unused) or, if the Commitments have terminated, on the principal amount of all of such Lender's Committed Loans plus the participation of such Lender in (or in the case of the Issuing Lender, its unparticipated portion of) the Effective Amount of all L/C Obligations. The Company shall pay to the Administrative Agent for the account of each Lender a utilization fee at 0.125% per annum on the total principal amount of such Lender's outstanding Committed Loans for each day on which the aggregate principal amount of all Loans is equal to or greater than 33% of the Aggregate Commitment. Such facility fees and (to the extent applicable) utilization fees shall accrue from the Closing Date to the Termination Date, and thereafter until all Loans and L/C Obligations are paid in full and all Letters of Credit are terminated, and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter, with the final payment to be made on the Termination Date (or, if later, the date all Loans and L/C Obligations are paid in full and all Letters of Credit are terminated); provided that, in connection with any reduction of the Commitments under SECTION 2.7, the accrued facility fee calculated for the period ending on the date of such reduction shall be paid on the date of such reduction, with the following quarterly payment being calculated on the basis of the period from such reduction date to the quarterly payment date. The facility fees and (to the extent applicable) utilization fees shall continue to accrue notwithstanding that one or more conditions to borrowing in ARTICLE V are not met.

Facility and Utilization Fees. (a) The Borrower shall pay to the Agent, for the benefit of the Banks, a facility fee at an annual rate equal to the then-applicable Facility Fee Rate applied to the aggregate amount of the Commitments outstanding hereunder from the Effective Date through the Commitment Termination Date. (b) The Borrower shall pay to the Agent, for the benefit of the Banks, a utilization fee at an annual rate equal to the then-applicable Utilization Fee Rate applied to the average daily Outstandings. The Utilization Fee Rate in effect on any day shall be an annual rate determined on the basis of the Outstandings Percentage and Level Status on that day, in accordance with the following table: Level I 0 % 0.125 % Level II 0 % 0.125 % Level III 0 % 0.125 % Level IV 0 % 0.250 % Level V 0 % 0.500 % (c) The facility fee and utilization fee set forth in this Section shall be due and payable quarterly in arrears on the last day of each March, June, September and December during the term of the Commitments. Any facility and utilization fees remaining unpaid on the Commitment Termination Date shall be due and payable on that date.

Facility and Utilization Fees. 14 Section 2.04 Reduction of Commitment Amounts; Adjustment of Sublimits.......................................... 14

Facility and Utilization Fees. (a) During the Commitment Period, the Borrower agrees to pay to the Administrative Agent for the account of each Bank a facility fee equal to the product of (i) 0.090% per annum at any time the Applicable Margin is based on Rating 1, (ii) 0.125% per annum at any time the Applicable Margin is based on Rating 2, (iii) 0.150% per annum at any time the Applicable Margin is based on Rating 3, (iv) 0.175% at any time the Applicable Margin is based on Rating 4 or (v) 0.225% at any time the Applicable Margin is based on Rating 5, and the average Commitment of such Bank (without regard to the principal amount of Loans from time to time made by such Bank) during the quarter in which the facility fee is paid. Such facility fee shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing June 30, 2002 and on the Termination Date (or, in any case, any earlier date on which all amounts outstanding hereunder shall become due and payable by acceleration or otherwise).

Facility and Utilization Fees. (a) Each Borrower agrees to pay to the Administrative Agent, for the account of the Lenders according to their Pro Rata Shares, a facility fee in an amount equal to the Facility Fee Rate for such Borrower multiplied by such Borrower's Sublimit (or, after termination of the Commitments, the principal amount of all outstanding Advances to such Borrower), payable on the last day of each March, June, September and December and on the Termination Date for such Borrower (and, if applicable, thereafter on demand).

Facility and Utilization Fees. (i) Toro shall pay to the Lender the Facility Fee quarterly, in arrears, on the last Business Day of each calendar quarter, and on the Maturity Date. (ii) In addition, for any day on which the Multi-Year Utilization Fee shall accrue in favor of the Banks under the Incorporated Agreement, the Borrower shall owe to the Lender hereunder a utilization fee (the “Utilization Fee”) equal to the same percent per annum as applies on such day to calculate the Multi-Year Utilization Fee on the aggregate daily principal amount of all Loans The Toro Company March 12, 2004 Page 3 outstanding hereunder on such day. T▇▇▇ shall pay to the Lender the Utilization Fee quarterly, in arrears, on the last Business Day of each calendar quarter, and on the Maturity Date.

Facility and Utilization Fees. On the last day of each March, June, September and December, commencing December 31, 2000, for the pro rata benefit of the Banks Borrower shall pay (i) a Facility Fee equal to the per annum percentage identified as the Facility Fee in the Pricing Schedule to be determined by multiplying the amount of the Maximum Loans under the Line of Credit by the appropriate Facility Fee, and (ii) if the Average Line of Credit Loans are more than fifty (50%) percent of the maximum aggregate loans under the Line of Credit, a Utilization Fee equal to the per annum percentage identified as the Utilization Fee as set forth in the Pricing Schedule multiplied by the Average Line of Credit Loans. The Facility and Utilization Fees shall be calculated and paid quarterly.

Facility and Utilization Fees. 28 2.19 Mitigation of Costs; Replacement of Banks.......................29 2.20 New Banks; Exiting Banks........................................30