Facility Fee Utilization Fee Adjustments in Aggregate Commitment Clause Samples

This clause defines the fees associated with the use of a credit facility, including both a facility fee—charged for making the credit available regardless of usage—and a utilization fee, which applies when a certain portion of the facility is drawn. It also outlines how these fees may be adjusted if the total amount of the lender's commitment changes, such as through increases, decreases, or reallocations among lenders. The core function of this clause is to ensure that lenders are compensated for both the availability and actual use of the facility, while providing a clear mechanism for fee adjustments in response to changes in the aggregate commitment, thereby maintaining fairness and predictability for all parties.