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.

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 Borrower shall pay, in accordance with Section 3.8 and in their respective Pro Rata Share3.8, 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 RT Credit during the most recently completed Fiscal Quarter, such fee to accrue daily from June 7, 2007 the date of execution and delivery of this agreement to and including termination of the RT Facility.

Standby Fee. (a) Upon the first Banking Day following the completion of each Fiscal Quarter and on upon the termination of the RT Facility, the Borrowers Borrower shall pay, pay in accordance with Section 3.8 and in their respective Pro Rata Share3.6, to the 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 Credit during the most recently completed competed 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.