Utilization Fees. At any time that Total Utilization equals or exceeds 50% of the total Commitments outstanding, the Borrower shall pay fees (the “Utilization Fees”) to the Agent for the account of the Banks (in according with their respective Percentages) in an amount determined by applying 0.10% per annum to an amount equal to the excess of Total Utilization over 50% of the total Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)
Utilization Fees. At any time that Total Utilization equals or exceeds 50% of the total Commitments outstanding, the Borrower shall pay fees (the “"Utilization Fees”") to the Agent for the account of the Banks (in according with their respective Percentages) in an amount determined by applying 0.10% per annum to an amount equal to the excess of Total Utilization over 50% of the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Otter Tail Corp)
