Common use of Standby Fees Clause in Contracts

Standby Fees. The standby fees payable in accordance with Section 4.2(g) will be calculated daily and will be payable in Canadian Dollars quarterly in arrears on the first Banking Day of each calendar quarter for the previous quarter and otherwise in the same manner as interest on Canadian Prime Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (ENERPLUS Corp), Credit Agreement (Penn West Energy Trust)

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Standby Fees. The standby fees payable in accordance with Section 4.2(g4.29(g) will be calculated daily and will be payable in Canadian Dollars quarterly in arrears on the first Banking Day of each calendar quarter for the previous quarter and otherwise in the same manner as interest on Canadian Prime Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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