Common use of Utilization Fee Clause in Contracts

Utilization Fee. Each Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated), for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.

Appears in 3 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

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Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders each Lender in accordance with its Pro Rata Share, a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated), for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable Rate times the Total Outstandings on each day that the Total Outstandings exceed 33% of the actual daily amount of the Aggregate Commitments. The utilization fee shall be due and payable quarterly in arrears on which a payment the last Business Day of interest is due under Section 2.05.each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the

Appears in 1 contract

Samples: Credit Agreement (Wallace Computer Services Inc)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders Banks a utilization fee on the aggregate outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio0.50, at a rate per annum equal to the Applicable Utilization Fee RatePercentage, payable on each day on which a payment of interest is due under Section 2.052.09.

Appears in 1 contract

Samples: Credit Agreement (Brinker International Inc)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and (if the maturity of the Committed Advances has been extended as provided in Section 2.07(c)) for each day after the Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05."

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders ratably a per annum utilization fee at the applicable percentage rate as set forth in the Pricing Schedule (the “Utilization Fee Rate”). Such utilization fee shall accrue each day during the Utilization Fee Period on the outstanding principal aggregate amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated), for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless used portion of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05Total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Sigma Aldrich Corp)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and for each day after (if the Termination Date regardless maturity of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

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Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and for each day after the CREDIT AGREEMENT Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Utilization Fee. Each The Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated)Advances, for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio0.50, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Utilization Fee. Each Borrower shall pay to the Administrative Agent for the pro rata account of the Lenders a utilization fee on the outstanding principal amount of the Advances made to it (which fee shall be payable in the Currency in which such Advances were denominated), for each day on which the Utilization Ratio exceeds 0.50 and for each day after the Termination Date regardless of the Utilization Ratio, at a rate per annum equal to the Applicable Utilization Fee Rate, payable on each day on which a payment of interest is due under Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

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