Common use of Utilization Fee Clause in Contracts

Utilization Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee at a rate per annum equal to the Utilization Fee Rate on the aggregate unpaid principal amount of such Lender’s Loans for each day on which the aggregate outstanding principal amount of all outstanding Loans exceeds 50% of the Aggregate Commitments (the “Utilization Fee”), payable on the last day of each calendar quarter hereafter and on the Repayment Date. None of the fees payable under this Section 2.5 shall be refundable in whole or in part.

Utilization Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender (other than the Designated Bidders) a utilization fee (the "Utilization Fee") on the aggregate outstanding principal amount of such Lender's Advances during any period that the aggregate outstanding principal amount of the Advances exceeds an amount equal to 50% of the aggregate amount of the Commitments, at a rate per annum equal to the Applicable Utilization Fee Rate Rate. Accrued Utilization Fee shall be paid on the aggregate unpaid principal amount of such Lender’s Loans for each day on which the aggregate outstanding principal amount a payment of all outstanding Loans exceeds 50% of the Aggregate Commitments (the “Utilization Fee”), payable on the last day of each calendar quarter hereafter and on the Repayment Date. None of the fees payable interest is due under this Section 2.5 shall be refundable in whole or in part2.07.

Utilization Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a utilization fee at a rate per annum equal to the Utilization Fee Rate on the aggregate unpaid principal amount of such Lender’s Loans for each day on which the aggregate outstanding principal amount of all Loans and L/C Obligations at the Applicable Rate for the Utilization Fee (as set forth in the definition of “Applicable Rate”), which fee shall be payable quarterly on the last Business Day of each March, June, September and December, for any days during the quarter on which the outstanding principal amount of all Loans exceeds and L/C Obligations exceed 50% of the Aggregate Commitments (the “Utilization Fee”), payable on the last day of each calendar quarter hereafter and on the Repayment Date. None of the fees payable under this Section 2.5 shall be refundable in whole or in partCommitments.