Common use of Utilization Fees Clause in Contracts

Utilization Fees. For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three percent (33%) of the Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) on the Utilized Revolving Commitment for such day (the "Utilization Fees"). The ---------------- Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

AutoNDA by SimpleDocs

Utilization Fees. For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (3333 1/3%) of the Revolving Bridge Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) the Applicable Percentage for Utilization Fees as set forth on the Utilized Revolving Commitment for such day Pricing Schedule (the "Utilization Fees"). The ---------------- Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Bridge Credit Agreement (Atmos Energy Corp)

Utilization Fees. For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three and one third percent (3333 1/3%) of the Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) the Applicable Percentage for Utilization Fees as set forth on the Utilized Revolving Commitment for such day Pricing Schedule (the "Utilization Fees"). The ---------------- Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Utilization Fees. For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three percent (33%) of the Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) on the Utilized Revolving Commitment for such day (the "Utilization Fees"). The ---------------- Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

AutoNDA by SimpleDocs

Utilization Fees. For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three fifty percent (3350%) of the Revolving Loan Aggregate Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent the Applicable Percentage for Utilization Fees (.125%as set forth on the Pricing Schedule) on the Utilized Revolving Commitment for such day outstanding principal balance of the Loans (the "Utilization Fees"). The ---------------- Utilization Fees, if any, shall be due and payable in arrears five Business Days after the end of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.