Common use of Five Year Facility Clause in Contracts

Five Year Facility. The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders, a non-refundable facility fee (the "FIVE YEAR FACILITY FEE") at a rate per annum equal to the Applicable Percentage for Facility Fee for the Five Year Facility on the average daily amount of the aggregate Five Year Facility Commitment during the applicable period, regardless of usage. The Five Year Facility Fee shall apply to the period commencing on the Closing Date and ending on the termination of the Five Year Facility Commitment and shall be payable in arrears on the last Business Day of each calendar quarter for the immediately preceding calendar quarter (or portion thereof), beginning with the first such date to occur after the Closing Date. Such Five Year Facility Fee shall be distributed by the Administrative Agent to the Lenders PRO RATA in accordance with the Lenders' respective Five Year Facility Commitment Percentages.

Five Year Facility. The Borrower agrees Borrowers agree to pay to the Administrative Agent, for the account of the Lenders, a non-refundable facility fee (the "FIVE YEAR FACILITY FEEFive Year Facility Fee") at a rate per annum equal to the Applicable Percentage for Facility Fee for the Five Year Facility on the average daily amount of the aggregate Five Year Facility Commitment during the applicable period, regardless of usage. The Five Year Facility Fee shall apply to the period commencing on the Closing Date and ending on the termination of the Five Year Facility Commitment and shall be payable in arrears on the last Business Day of each calendar quarter for the immediately preceding calendar quarter (or portion thereof), beginning with the first such date to occur after the Closing Date. Such Five Year Facility Fee shall be distributed by the Administrative Agent to the Lenders PRO RATA pro rata in accordance with the Lenders' respective Five Year Facility Commitment Percentages.