Common use of Facility Fees Clause in Contracts

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29, 2012 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 3 contracts

Samples: Three Year Credit Agreement (General Mills Inc), Five Year Credit Agreement (General Mills Inc), Five Year Credit Agreement (General Mills Inc)

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Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on the actual daily Commitment for such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarterquarter based upon the daily Commitments for that quarter as calculated by the Agent, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing ScheduleApplicable Rate. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar fiscal quarter commencing on June 2930, 2012 2001 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 or 2.062.07, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction or termination date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 V are not met.

Appears in 2 contracts

Samples: Credit Agreement, Assignment and Assumption Agreement (Idex Corp /De/)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank Lender a facility fee on the amount of such Bank’s Credit ExposureLender's Commitment (and, computed on a quarterly basis in arrears if any Loans remain outstanding after termination of such Commitment, on the last Business Day aggregate principal amount of each calendar quarter, such Lender's Loans) at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing ScheduleRate. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29, 2012 through the Revolving Termination DateDate (or, if later, the date on which all Loans are paid in full), with the final payment to be made on the Revolving Termination DateDate (or such later date); provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 or 2.062.7, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with (in the next succeeding case of a reduction) the following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction date to such the quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement dateClosing Date, including at any time during which one or more conditions in Article Section 4 are not met.

Appears in 2 contracts

Samples: Credit Agreement (Smith a O Corp), Credit Agreement (Smith a O Corp)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29December 31, 2012 2010 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Year Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee in Dollars on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 2930, 2012 2016 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Year Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Final Maturity Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29December 31, 2012 2005 through the Revolving Termination Final Maturity Date, with the final payment to be made on the Revolving Termination Final Maturity Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Day Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee in Dollars on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 2930, 2012 2021 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 ‎2.05 or 2.06‎2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article ‎Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s 's Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29March 31, 2012 2004 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 2930, 2012 2014 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank Lender a facility fee on the amount of such BankLender’s Credit ExposureCommitment (and, computed on a quarterly basis in arrears if any Loans remain outstanding after termination of such Commitment, on the last Business Day aggregate principal amount of each calendar quarter, such Lender’s Loans) at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing ScheduleRate. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29, 2012 through the Revolving Termination DateDate (or, if later, the date on which all Loans are paid in full), with the final payment to be made on the Revolving Termination DateDate (or such later date); provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 or 2.062.6, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with (in the next succeeding case of a reduction) the following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction date to such the quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement dateClosing Date, including at any time during which one or more conditions in Article Section 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (Smith a O Corp)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Final Maturity Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29December 31, 2012 2006 through the Revolving Termination Final Maturity Date, with the final payment to be made on the Revolving Termination Final Maturity Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure's Revolving Commitment, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth determined from time to time in accordance with the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29March 31, 2012 2001 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures Commitments pursuant to Section 2.05 or 2.062.05, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

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Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29December 31, 2012 2005 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Final Maturity Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29September 30, 2012 2007 through the Revolving Termination Final Maturity Date, with the final payment to be made on the Revolving Termination Final Maturity Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank Lender a facility fee on the amount of such Bank’s Credit ExposureLender's Commitment, regardless of usage, computed on a quarterly basis in arrears on the last Business Day of each calendar quarterquarter based upon the daily utilization for that quarter as calculated by the Agent, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing ScheduleRate. Such facility fee shall accrue from the Closing Effective Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29, 2012 Closing Date through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 or 2.062.8, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with (in the next succeeding case of a reduction) the following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction date to such the quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement dateClosing Date, including at any time during which one or more conditions in Article 4 IV are not met.

Appears in 1 contract

Samples: Credit Agreement (Cotter & Co)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29December 31, 2012 2007 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

Appears in 1 contract

Samples: Credit Agreement (General Mills Inc)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposurefee, computed on a quarterly basis in arrears on the last Business Day of each calendar quarterquarter based upon the daily aggregate amount of each Bank's Commitment (whether or not utilized) for that quarter as calculated by the Agent, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule3/16 of 1% per annum. Such facility fee shall accrue from the Closing Date date hereof to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter March, June, September, and December commencing on June 29, 2012 the first such date after the date hereof through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 or 2.062.6, the accrued facility commitment fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction or termination date to such quarterly payment date. The facility commitment fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 IV are not met.

Appears in 1 contract

Samples: Credit Agreement (Bremer Financial Corporation)

Facility Fees. The Company Revolving Borrower shall pay to the Administrative Agent for the account of each Bank a facility fee on the full amount of such Bank’s Credit Exposure's Revolving Commitment (regardless of usage), computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing SchedulePercentage. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29March 31, 2012 1997 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Revolving Commitments under Section 2.05 or 2.062.08, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction or termination date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 IV are not met.

Appears in 1 contract

Samples: Credit Agreement (Louisiana Pacific Corp)

Facility Fees. The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of ("Facility Fee") for each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue day from the Closing Date to the Revolving Termination Date and termination of the Commitments in an amount equal to the product of (i) such Bank's Commitments in effect on such date multiplied by (ii) 1/360th of the Facility Fee Percentage in effect on such day. Such Facility Fee shall be due and payable quarterly in arrears on December 31, 1998 and thereafter on the last Business Day of each calendar quarter commencing on June 29, 2012 through the Facility B Revolving Termination Date, with the final payment to be made on the Facility B Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Commitments under Section 2.05 2.5 or 2.06Section 2.7, the accrued facility fee calculated Facility Fee for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding following quarterly payment, if any, payment being calculated on the basis of the period from the such reduction or termination date to such quarterly payment date. The facility fees Facility Fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 V are not met.. 2.11

Appears in 1 contract

Samples: Credit Agreement (Katy Industries Inc)

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