Ongoing Facility Fee Clause Samples

Ongoing Facility Fee. The Borrower will be required to pay to the Issuer a further fee for the provision by the Issuer of the Term Facilities (the “Ongoing Facility Fee”) in an amount equal to the aggregate of, without double counting,: (a) all amounts due and payable by the Issuer: (i) under paragraphs (a)(i), (b)(i), (c) to (l) (inclusive) of the Issuer Pre-Enforcement Priority of Payments; or (ii) (a)(i), (b)(i), (c) to (l) (inclusive) of the Issuer Post-Enforcement Priority of Payments; (b) in relation to each Loan Payment Date falling in October, euro 20,000 (or in relation to the Closing Date, euro 25,000) for deposit into the Issuer Dutch Account from time to time; and (c) in relation to each Loan Payment Date falling in October, euro 10,000 payable by the Issuer under the Management Agreement pursuant to paragraph (b)(ii) of the Issuer Pre-Enforcement Priority of Payments or, as applicable, paragraph (b)(ii) of the Issuer Post-Enforcement Priority of Payments, (any such amounts, “Issuer Costs”) in each case to the extent the Issuer has insufficient funds to make such payments after taking into account amounts receivable by the Issuer by way of interest and principal in relation to the Term Advances and from the Interest Rate Swap Counterparty (or the Interest Rate Swap Guarantor) under the Interest Rate Swap Agreement and amounts which may be drawn under the Liquidity Facility Agreement, such payment by way of Ongoing Facility Fee to be made on the date on which any such Issuer Costs are payable by the Issuer in accordance with the Issuer Pre-Enforcement Priority of Payments or, as the case may be, the Issuer Post-Enforcement Priority of Payments.