Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds the product of (A) fifty percent (50%) times (B) the Revolving Committed Amount, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Lender, a per annum fee equal to .10% multiplied by the Utilized Revolving Loan Commitment (the “Utilization Fees”).
Appears in 2 contracts
Samples: Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP)
Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds the product of (A) fifty percent (50%) times (B) the Revolving Total Committed Amount, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Lender, a per annum utilization fee equal to .10% the Applicable Margin for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “Utilization Fees”).
Appears in 2 contracts
Samples: Credit Agreement (Spectra Energy Partners, LP), Credit Agreement (Spectra Energy Partners, LP)
Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds the product of (A) fifty percent (50%) times (B) (1) the Revolving Committed AmountAmount plus (2) the aggregate amount of Commitments and Loans outstanding under the Term Loans, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Revolving Lender, a per annum fee equal to .10% Applicable Margin for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “Utilization Fees”).
Appears in 1 contract
Utilization Fees. (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds the product of (A) fifty percent (50%) times (B) (1) the Revolving Committed AmountAmount plus (2) the aggregate amount of Commitments and Loans outstanding under the Term Loans, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Revolving Lender, a per annum fee equal to .10% Applicable Margin for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “"Utilization Fees”").
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