Common use of Utilization Fee Clause in Contracts

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable.

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable. For the avoidance of doubt, the first payment under this Section 2.13(b) shall, to the extent applicable, be due and payable on 31 December 2021.

Utilization Fee. PMI agrees to pay the Facility Administrative Agent for the account of each Lender an amount equal to (x) 0.100% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable; provided, however, that no such fee shall be payable following the effectiveness of the Term-Out Option.

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable. For the avoidance of doubt, the first payment under this Section 2.12(b) shall, to the extent applicable, be due and payable on 31 December 2015.

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.2000.350% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable.

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable. For the avoidance of doubt, the first payment under this Section 2.13(b) shall, to the extent applicable, be due and payable on 31 March 2020.

Utilization Fee. PMI agrees to pay the Facility Administrative Agent for the account of each Lender an amount equal to (x) 0.100% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable; provided, however, that no such fee shall be payable following the effectiveness of the Term-Out Option.

Utilization Fee. PMI agrees to pay the Facility Agent for the account of each Lender an amount equal to (x) 0.100% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 33 1/3% of total Commitments or (y) 0.200% per annum on the aggregate principal amount of all Advances outstanding with respect to each day on which the aggregate principal amount of all Advances outstanding exceeds 66 2/3% of total Commitments, payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date, to the extent applicable. For the avoidance of doubt, the first payment under this Section 2.13(b) shall, to the extent applicable, be due and payable on 31 March 2020.