Common use of Utilization Fees Clause in Contracts

Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds (A) fifty percent (50%) times (B) the Total Committed Amount, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Lender, a utilization fee equal to the Applicable Margin for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “Utilization Fees”). (ii) The accrued Utilization Fees shall be due and payable in arrears on the 15th day following the last day of each calendar quarter of the Borrower for the immediately preceding calendar quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations Competitive Bid Loans exceeds the product of (A) fifty percent (50%) % times (B) the Total Committed Amountaggregate amount of Commitments then in effect, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender, a utilization per annum fee equal to the Applicable Margin Percentage for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “"Utilization Fees”"). (ii) The accrued Utilization Fees shall be due and payable in arrears on 15 days after the 15th day following the last day end of each calendar fiscal quarter of the Borrower for the immediately preceding calendar fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Closing Date, as well as on each Maturity Date.