Common use of Standby Fee Clause in Contracts

Standby Fee. (a) Upon the first Banking Day following the completion of each Fiscal Quarter and on the termination of the RT Facility, the Borrowers shall pay, in accordance with Section 3.8 and in their respective Pro Rata Share, to the Lenders, in arrears, a standby fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available RT Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from June 7, 2007 to and including termination of the RT Facility. (b) Upon the first Banking Day following the completion of each Fiscal Quarter and on the date of the sole extension of credit under the NRT Facility, ▇▇▇▇▇▇ ▇▇ shall pay, in accordance with Section 3.8, to the Lenders, in arrears, a standby fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available NRT Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from June 7, 2007 to and including the date of the sole extension of credit under the NRT Facility.

Standby Fee. (a) Upon the first Banking Day following the completion of each Fiscal Quarter and on the termination of the RT FacilityFacility 1, the Borrowers Borrower shall pay, pay in accordance with Section 3.8 and in their respective Pro Rata Share3.8, to the relevant Lenders, in arrears, a standby fee fee, calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available RT Facility 1 Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from June 7, 2007 the date of the execution and delivery of this agreement to and including the termination of the RT Facility. (b) Facility 1. Upon the first Banking Day following the completion of each Fiscal Quarter and on upon the date termination of RT Facility 2, the sole extension of credit under the NRT Facility, ▇▇▇▇▇▇ ▇▇ Borrower shall pay, pay in accordance with Section 3.8, to the relevant Lenders, in arrears, a standby fee fee, calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the daily Available NRT RT Facility 2 Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from June 7December 22, 2007 2008 to and including the date termination of the sole extension of credit under the NRT FacilityRT Facility 2.”