Common use of Facility Fees Clause in Contracts

Facility Fees. The Co-Borrowers shall jointly and severally pay to the Administrative Agent for the account of each Bank a facility fee which shall accrue at the Applicable Rate on the daily aggregate amount of the Revolving Commitment of such Bank (whether used or unused) during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entirety; provided that, if such Bank continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Bank’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank ceases to have any Revolving Credit Exposure. Accrued fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 3 contracts

Sources: Credit Agreement (Carlisle Companies Inc), Credit Agreement (Carlisle Companies Inc), Credit Agreement (Carlisle Companies Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the average daily aggregate amount of the Revolving Commitment of such Bank (whether used or unused) Lender during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have hold any Revolving Outstanding Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Outstanding Credit Exposure from and including the date on which its Revolving Commitment Commitments terminates to but excluding the date on which such Bank Lender ceases to have hold any Revolving Credit ExposureOutstanding Credit. Accrued facility fees under this subsection shall be payable quarterly in arrears on the date which is thirty days following the last day of each Quarterly Payment Date March, June, September and December of each year and on the date of termination of on which the Revolving Commitments in their entirety (andterminate, if later, commencing on the first such date to occur after the date the Revolving Credit Exposure shall be repaid or no longer outstanding)hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 3 contracts

Sources: Credit Agreement (Leggett & Platt Inc), Credit Agreement (Leggett & Platt Inc), Credit Agreement (Leggett & Platt Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date date hereof to but excluding the date of termination of the Revolving Commitments in their entiretysuch Commitment terminates; provided that, that if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and on the date of termination of the Revolving Commitments in their entirety (andterminate, if later, commencing on the first such date to occur after the date the Revolving Credit Exposure shall be repaid or no longer outstanding)hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 3 contracts

Sources: Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent ------------- for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Initial Availability Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Bank’s Lender's Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on March 30, 2001, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Commitments terminate shall be payable on demandCredit Exposures. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Sources: 364 Day Credit Agreement (Transocean Sedco Forex Inc), Credit Agreement (Transocean Sedco Forex Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date date hereof to but excluding the date of termination of the Revolving Commitments in their entiretysuch Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminatesterminates (including as a result of the exercise of the Term-Out Option), then such facility fee shall continue to accrue on the daily amount of such Bank’s Lender's Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and Date, on the date of termination of the Revolving Commitments in their entirety (terminate and, if laterthe Term-Out Option has been exercised, on each date following the date the Revolving Credit Exposure shall be repaid Commitments terminate on which any Syndicated Loans are prepaid or no longer outstanding)repaid, commencing on the first such date to occur after the date hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall (unless the Term-Out Option has been exercised) be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Sources: 364 Day Credit Agreement (Best Buy Co Inc), 364 Day Credit Agreement (Best Buy Co Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date date hereof to but excluding the date of termination of the Revolving Commitments in their entiretysuch Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and on the date of termination of the Revolving Commitments in their entirety (andterminate, if later, commencing on the first such date to occur after the date the Revolving Credit Exposure shall be repaid or no longer outstanding)hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Sources: Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on December 31, 2007, on the date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Credit Exposures, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demandMaturity Date. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Sources: Five Year Revolving Credit Agreement (Transocean Inc), Five Year Revolving Credit Agreement (Transocean Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Syndication Agent ------------- for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure Obligations after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Bank’s Lender's Revolving Credit Exposure Obligations from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit ExposureObligations. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on March 30, 2001, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Commitments terminate shall be payable on demandCredit Obligations. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: 364 Day Bridge Credit Agreement (Transocean Sedco Forex Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date date hereof to but excluding the date of termination of the Revolving Commitments in their entiretysuch Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminatesterminates (including as a result of the exercise of the Term-Out Option), then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and Date, on the date of termination of the Revolving Commitments in their entirety (terminate and, if laterthe Term-Out Option has been exercised, on each date following the date the Revolving Credit Exposure shall be repaid Commitments terminate on which any Syndicated Loans are prepaid or no longer outstanding)repaid, commencing on the first such date to occur after the date hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall (unless the Term-Out Option has been exercised) be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: 364 Day Credit Agreement (Best Buy Co Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the average daily aggregate amount of the Revolving Commitment of such Bank (whether used or unused) Lender during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have hold any Revolving Outstanding Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Outstanding Credit Exposure from and including the date on which its Revolving Commitment Commitments terminates to but excluding the date on which such Bank Lender ceases to have hold any Revolving Credit ExposureOutstanding Credit. Accrued facility fees under this subsection shall be payable quarterly in arrears on the date which is thirty days following the last day of each Quarterly Payment Date March, June, September and December of each year and on the date of termination of on which the Revolving Commitments in their entirety (andterminate, if later, commencing on the first such date to occur after the date the Revolving Credit Exposure shall be repaid or no longer outstanding)hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Credit Agreement (Leggett & Platt Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Company agrees to pay to the Administrative Agent for the account of each Bank a facility fee fee, which shall accrue at the Applicable Rate Facility Fee Rate, (i) prior to the termination of such Bank’s Commitment, on the daily aggregate amount of the Revolving Commitment of such Bank (whether used or unused) during the period from and including the Restatement Effective Date to but excluding the date of termination of that the Revolving Commitments in their entirety; provided that, terminate and (ii) if such Bank continues to have any Revolving Credit Exposure outstanding Loans after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Bank’s Revolving Credit Exposure outstanding Loans from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank ceases to have any Revolving Credit Exposureoutstanding Loans. Accrued facility fees under this subsection shall be payable quarterly in arrears on each Quarterly Payment Date and on the date earlier of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding)Commitments terminate and the Commitment Termination Date, commencing on the first such date after the Restatement Effective Date; provided that any facility fees fee accruing after the such earlier date on which the Revolving Commitments terminate shall be payable on demand. All facility Facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Credit Agreement (Lincoln National Corp)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the -------------- Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Initial Availability Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Bank’s Lender's Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on December 31, 2003, on the date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Credit Exposures, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demandMaturity Date. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Revolving Credit Agreement (Transocean Inc)

Facility Fees. (a) The Co-Borrowers shall jointly and severally Company agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Credit Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Closing Date to but excluding the date of termination of the on which such Revolving Commitments in their entiretyCredit Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Credit Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Credit Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued All such accrued facility fees under this subsection shall be payable quarterly in arrears on the last day of March, June, September and December of each Quarterly Payment Date year and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Credit Commitments terminate shall be payable terminate, commencing on demand. the first such date to occur after the date hereof. (b) All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Credit Agreement (Apogent Technologies Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Rate on the average daily aggregate amount of the Revolving Commitment of such Bank (whether used or unused) Lender during the period from and including the Effective Date August 19, 2011 to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have hold any Revolving Outstanding Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Outstanding Credit Exposure from and including the date on which its Revolving Commitment Commitments terminates to but excluding the date on which such Bank Lender ceases to have hold any Revolving Credit ExposureOutstanding Credit. Accrued facility fees under this subsection shall be payable quarterly in arrears on the date which is thirty days following the last day of each Quarterly Payment Date March, June, September and December of each year and on the date of termination of on which the Revolving Commitments in their entirety (andterminate, if later, commencing on the first such date to occur after the date the Revolving Credit Exposure shall be repaid or no longer outstanding)hereof; provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Credit Agreement (Leggett & Platt Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Initial Availability Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on September 30, 2005, on the date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Credit Exposures, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demandMaturity Date. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: Revolving Credit Agreement (Transocean Inc)

Facility Fees. The Co-Borrowers shall jointly and severally Borrower agrees to pay to the Administrative Agent for the account of each Bank Lender a facility fee fee, which shall accrue at the Applicable Facility Fee Rate on the daily aggregate amount of the Revolving Commitment of such Bank Lender (whether used or unused) during the period from and including the Effective Date to but excluding the date of termination of the Revolving Commitments in their entiretyon which such Commitment terminates; provided that, if such Bank Lender continues to have any Revolving Credit Exposure after its Revolving Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such BankLender’s Revolving Credit Exposure from and including the date on which its Revolving Commitment terminates to but excluding the date on which such Bank Lender ceases to have any Revolving Credit Exposure. Accrued facility fees under this subsection shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each Quarterly Payment Date year, commencing on December 31, 2007, on the date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Credit Exposures, and on the date of termination of the Revolving Commitments in their entirety (and, if later, the date the Revolving Credit Exposure shall be repaid or no longer outstanding); provided that any facility fees accruing after the date on which the Revolving Commitments terminate shall be payable on demandFinal Maturity Date. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Transocean Inc)