Common use of Facility Fee Clause in Contracts

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the “Facility Fee”) on the aggregate amount of such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day of each March, June, September and December, and on the Termination Date.

Appears in 12 contracts

Samples: Credit Agreement (Dte Energy Co), Credit Agreement (Dte Energy Co), Credit Agreement (Dte Energy Co)

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Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the "Facility Fee") on the aggregate amount of such Lender’s 's Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations Revolving Credit Advances have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Revolving Loan Termination Date.

Appears in 10 contracts

Samples: Credit Agreement (Detroit Edison Co), Credit Agreement (Michigan Consolidated Gas Co /Mi/), Credit Agreement (Michigan Consolidated Gas Co /Mi/)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the "Facility Fee") on the aggregate amount of such Lender’s 's Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations Revolving Credit Advances have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Revolver Termination Date.

Appears in 8 contracts

Samples: Credit Agreement (Detroit Edison Co), Credit Agreement (Dte Energy Co), Credit Agreement (Dte Energy Co)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the "Facility Fee") on the aggregate amount of such Lender’s 's Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Termination Date.

Appears in 6 contracts

Samples: Credit Agreement (Michigan Consolidated Gas Co /Mi/), Credit Agreement (Detroit Edison Co), Credit Agreement (Dte Energy Co)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the “Facility Fee”) on the aggregate amount of such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Termination Date.

Appears in 3 contracts

Samples: Year Credit Agreement (Dte Energy Co), Credit Agreement (Dte Energy Co), Year Credit Agreement (Dte Energy Co)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the "Facility Fee") on the aggregate amount of such Lender’s 's Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Revolver Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Dte Energy Co), Credit Agreement (Dte Energy Co)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the “Facility Fee”) on the aggregate amount of such Lender’s Commitment in effect from time to time from the date hereof Effective Date in the case of each Initial Lender and from the later of the Effective Date and the effective date specified in the Assumption Agreement or in the Assignment and Assumption Acceptance, as the case may be, pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated Termination Date at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, commencing September 30, 2002, and on the Termination Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Washington Post Co), Day Credit Agreement (Washington Post Co)

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Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the “Facility Fee”) on the aggregate amount of such Lender’s Commitment in effect from time to time from the date hereof Effective Date in the case of each Initial Lender and from the later of the Effective Date and the effective date specified in the Assumption Agreement or in the Assignment and Assumption Acceptance, as the case may be, pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated Termination Date applicable to such Lender at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, and on the Termination Datedate of the termination of all of the Commitments, commencing September 30, 2006.

Appears in 1 contract

Samples: Five Year Credit Agreement (Washington Post Co)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee (the “Facility Fee”) on the aggregate amount of such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assumption Agreement or in the Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender until all of the Obligations Termination Date (or such later date on which the Advances made by such Lender have been paid in full and the Commitments under this Agreement have been terminated full) at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, commencing June 30, 2014, and on the Termination DateDate (or such later date on which the Advances made by such Lender have been paid in full).

Appears in 1 contract

Samples: Credit Agreement (Juniper Networks Inc)

Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender (other than a Defaulting Lender) a facility fee (the “Facility Fee”) on the aggregate actual daily amount (determined after giving effect to processing functions on such day) of such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assumption Agreement or the Assignment and Assumption Acceptance pursuant to which it became a Lender in the case of each other Lender until all of the Obligations have been paid in full and the Commitments under this Agreement have been terminated Termination Date at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day day of each March, June, September and December, commencing June 30, 2009, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Beckman Coulter Inc)

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