Common use of Standby Fees Clause in Contracts

Standby Fees. Upon the first Business Day of each Fiscal Quarter commencing after the date hereof and on the date the Credit Facility is terminated in accordance with Section 2.5, the Borrower shall pay to the Lenders, in arrears, a standby fee, calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of a year of 365 days, equal to the Applicable Margin on the amount of the Available Credit.

Standby Fees. Upon the first Business Banking Day following the completion of each Fiscal Quarter commencing after the date hereof and on the date termination of the Credit Facility is terminated Facility, the Borrower shall pay, in accordance with Section 2.53.6, the Borrower shall pay to the Lenders, in arrears, a standby fee, fee calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of a year of 365 days, equal to the Applicable Margin Rate on the amount of the Available Credit, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination of the Credit Facility pursuant to Section 2.4.

Standby Fees. Upon the first Business Day of each Fiscal Quarter commencing after the date hereof and on the date the Credit Facility is terminated in accordance with Section 2.5, the Borrower shall pay to the Lenders, in arrears, a standby feefee (a “Standby Fee”), calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of a year of 365 days, equal to the Applicable Margin on the amount of the Available Credit.

Standby Fees. Upon the first Business Banking Day following the completion of each Fiscal Quarter commencing after the date hereof and on upon the date the Credit Facility is terminated in accordance with Section 2.5terminates, the Borrower shall pay to the LendersBank, in arrears, a standby fee, calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated daily on the basis of a year of 365 daysdays or 366 days in the case of a leap year, equal to the Applicable Margin on the amount 0.75% of the Available Credit.

Standby Fees. Upon the first Business Banking Day following the completion of each Fiscal Quarter commencing after the date hereof and on the date termination of the Credit Facility is terminated Facility, the Borrower shall pay, in accordance with Section 2.53.6, the Borrower shall pay to the Lenders, in arrears, a standby fee, fee calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of the actual number of days elapsed and a year of 365 or 366 days, equal to as the Applicable Margin case may be, set forth in Schedule A hereto, on the amount of the Available Credit, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the termination of the Credit Facility.

Standby Fees. Upon the first Business Banking Day immediately following the completion of each Fiscal Quarter commencing after and upon the date hereof and on the date the termination of Credit Facility is terminated in accordance with Section 2.52, the Borrower Borrowers shall pay to the LendersBank, in arrears, a standby fee, calculated and accruing daily from and including the date hereof to but excluding of the date the Credit Facility is terminated in accordance with Section 2.5 execution and delivery of this agreement at the rate per annumequal to the Applicable Margin set forth in Schedule A hereto, calculated on the basis of a year of 365 days, equal to the Applicable Margin on the amount of Available Credit during such Fiscal Quarter or other period as the Available Creditcase may be.

Standby Fees. Upon the first Business Banking Day following the completion of each Fiscal Quarter commencing after the date hereof and on the date termination of the Credit Facility is terminated Facility, the Borrower shall pay, in accordance with Section 2.53.6, the Borrower shall pay to the Lenders, in arrears, a standby fee, fee calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of a year of 365 360 days, equal to the Applicable Margin 1.5% on the amount Available Credit calculated as at the last day of such completed Fiscal Quarter, such fee to accrue daily from the date of the Available Creditexecution and delivery of this Agreement to and including the date of payment.

Standby Fees. Upon the first Business Banking Day following the completion of each the Fiscal Quarter commencing after immediately following the date hereof Initial Closing Date and on the date termination of the Credit Facility is terminated Availability Period, the Borrower shall pay, in accordance with Section 2.53.3, the Borrower shall pay to the LendersLender, in arrears, a standby fee, fee calculated and accruing daily from and including the date hereof to but excluding the date the Credit Facility is terminated in accordance with Section 2.5 at the rate per annum, calculated on the basis of a year of 365 days, equal to the Applicable Margin Rate on the amount of the Available Credit, such fee to accrue daily from the date of the execution and delivery of this agreement to and including the date of payment.