Facility Fee; Utilization Fee. (a) The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Commitment Percentages, a facility fee (the “Facility Fee”) calculated daily on the Total Commitment in effect on such date at the per annum rate equal to that amount set forth on Schedule 1.2 in the row headed “Facility Fee” beneath the column for the Debt Rating in effect for such date. The amount of the Facility Fee shall be payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Maturity Date for the calendar quarter, or portion thereof, then ended. (b) The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Commitment Percentages, a utilization fee (the “Utilization Fee”) calculated daily on the Utilization Amount at the per annum rate equal to one tenth of one percent (0.10%) for each day on which the Utilization Amount exceeds one-half of the Total Commitment in effect on such date. The amount of such Utilization Fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Maturity Date for the calendar quarter of the Borrower, or portion thereof, then ended.
Appears in 1 contract
Sources: Revolving Credit Agreement (United States Cellular Corp)
Facility Fee; Utilization Fee. (a) The Borrower agrees to pay to the Administrative Agent, Agent for the account accounts of the Lenders Banks in accordance with their respective Commitment Percentages, Percentages a facility fee (the “Facility Fee”"FACILITY FEE") calculated daily on the Total Commitment in effect on such date at the per annum rate equal to that amount set forth on Schedule SCHEDULE 1.2 in the row headed “Facility Fee” FACILITY FEE beneath the column for the Debt Rating in effect for such date. The amount of the such Facility Fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September and December and on the Maturity Date for the calendar quarter, or portion thereof, then ended.
(b) The Borrower agrees to pay to the Administrative Agent, Agent for the account accounts of the Lenders Banks in accordance with their respective Commitment Percentages, Percentages a utilization fee (the “Utilization Fee”"UTILIZATION FEE") calculated daily on the Utilization Amount at the per annum rate equal to one one-tenth of one percent (0.10%) for each day on which the Utilization Amount exceeds one-half the product of (A) 0.50 multiplied by (B) the Total Commitment in effect on such date. The amount of such Utilization Fee shall be payable quarterly in arrears on the last day of each March, June, September and December and December, on the Maturity Date for the calendar quarter of the Borrower, or portion thereof, then ended.
Appears in 1 contract
Sources: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)
Facility Fee; Utilization Fee. (a) The Borrower agrees to pay to the Administrative Agent, Agent for the account accounts of the Lenders in accordance with their respective Commitment Percentages, Percentages a facility fee (the “Facility Fee”) calculated daily on the Total Commitment in effect on such date at the per annum rate equal to that amount set forth on Schedule 1.2 in the row headed “Facility Fee” Fee beneath the column for the Debt Rating in effect for such date. The amount of the Facility Fee shall be payable quarterly in arrears on the last Business Day day of each March, June, September and December and on the Maturity Date for the calendar quarter, or portion thereof, then ended.
(b) The Borrower agrees to pay to the Administrative Agent, Agent for the account accounts of the Lenders in accordance with their respective Commitment Percentages, Percentages a utilization fee (the “Utilization Fee”) calculated daily on the Utilization Amount at the per annum rate equal to one one-tenth of one percent (0.10%) for each day on which the Utilization Amount exceeds one-half of the Total Commitment in effect on such date. The amount of such Utilization Fee shall be payable quarterly in arrears on the last day of each March, June, September and December and December, on the Maturity Date for the calendar quarter of the Borrower, or portion thereof, then ended.
Appears in 1 contract
Sources: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)