Examples of Facility Fee in a sentence
Facility Fee IU Auditorium collects a facility fee from each ticket sale for any event held at IU Auditorium and places it into a special reserve account.
Notwithstanding the foregoing, the Facility Fee in respect of the Facility Fee Base, as defined below, of any Lender shall cease to accrue, and accrued but unpaid Facility Fee shall be payable, on the date (if any) on which such Xxxxxx’s Facility Fee Base is reduced to zero pursuant hereto.
Such Facility Fee shall be payable to Lender in arrears on the first Business Day of each calendar quarter with respect to each day in the previous calendar quarter.
Whenever any payment of principal of, or interest on, the Base Rate Loans, the Competitive Bid Rate Loans or of the Facility Fee or any other amounts payable to the Lenders hereunder shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day.
The Facility Fee shall be payable to Agent in arrears on the first Business Day of each calendar quarter with respect to the previous calendar quarter, and on the last day of the Term with respect to the previous calendar quarter or portion thereof ending on such date, as applicable.