Common use of Utilization Fees Clause in Contracts

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal to fifty percent (50%) of the Total Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s Commitment Percentage), a per annum fee equal to (A) .250% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”).

Utilization Fees. (i) For each day that Total Utilization exceeds an amount equal from the Effective Date to fifty percent (50%) of the Total CommitmentJune 30, 2001, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender (based on such Lender’s 's Commitment Percentage), a per annum fee equal to (A) .250% multiplied by (B) the sum of the principal amount of Loans outstanding on such day plus the principal amount of LOC Obligations outstanding on such day (the “Utilization Fees”)day.