Common use of Utilization Fees Clause in Contracts

Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Loans to the Borrowers exceeds the product of (A) one-third ( 1/3) times (B) the Revolving Loan Commitment, each Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Utilization Fees multiplied by such Borrower’s outstanding Eurodollar Revolving Loans (the “Utilization Fees”). (ii) The accrued Utilization Fees shall be due and payable in arrears on the first Business Day of each January, April, July and October (as well as on the Maturity Date and on any date that the Revolving Loan Commitment is reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.

Utilization Fees. (i) If If, on any day day, the sum of the aggregate outstanding principal amount of all Loans to plus the Borrowers outstanding amount of LOC Obligations exceeds the product of (A) one-third ( (1/3) times (B) the Revolving Loan CommitmentCommitted Amount, each Borrower shall the Borrowers agree to pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage Margin for Utilization Fees multiplied by such Borrower’s outstanding Eurodollar on the Utilized Revolving Loans Committed Amount (the “"Utilization Fees”"). (ii) . The accrued Utilization Fees Fees, if any, shall be due and payable in arrears on the first Business Day after the end of each January, April, July and October fiscal quarter of the Borrowers (as well as on the Maturity Date and on any date that the Revolving Loan Commitment is reducedTerm Out Maturity Date, if applicable) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.