Utilization Premium Sample Clauses

Utilization Premium. For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the Borrower agrees to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, an additional interest payment on each day on which the amount of Total Combined Outstandings exceeds $750,000,000 in an amount equal to the Utilization Premium times the difference of Total Outstandings less all Swing Line Outstandings and Competitive Bid Outstandings ("Adjusted Total Outstandings") calculated on the basis of a year of 360 days. Notwithstanding the foregoing, such additional interest payment shall also be payable on the average daily amount of the Adjusted Total Outstandings during the period commencing on the Closing Date and continuing until but excluding the date on which the certificate is delivered to the Agent pursuant to Section 7.01(b)(ii) hereof immediately following the third fiscal quarter of Fiscal Year 1998. Such additional interest payment shall be payable in arrears on the first Business Day of each February, May, August and November, beginning November 2, 1998. 2.13
Sample 1
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Utilization Premium. For each day during the period from and including October 1, 1998 to but excluding the date on which the Credit Agreement Amendment becomes effective, the Company agrees to pay to the Agent for the account of the Banks, in addition to the interest otherwise accruing under the Credit Agreement, a utilization fee, calculated on the aggregate principal amount of the Loans outstanding on such day, at the rate of 1% per annum for each such day before the Waiver Termination Date and at the rate of 2% per annum for each such day on and after the Waiver Termination Date. The foregoing utilization fee shall be computed on the basis of a year of 360 days and paid, with respect to each Loan, on each date that interest is payable thereon and (to the extent accrued but unpaid) on the date on which the Credit Agreement Amendment becomes effective.
Sample 1
Utilization Premium. For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the Borrower agrees to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, an additional interest payment on each day on which the amount of Total Combined Outstandings exceeds $750,000,000 in an amount equal to the Utilization Premium times the amount of all Revolving Credit Outstandings less all Competitive Bid Outstandings calculated on the basis of a year of 360 days. Notwithstanding the foregoing, such additional interest payment shall also be payable on the average daily amount of the Revolving Credit Outstandings less all Competitive Bid Outstandings during the period commencing on the Closing Date and continuing until but excluding the date on which the certificate is delivered to the Agent pursuant to Section 7.01(b)(ii) hereof immediately following the third fiscal quarter of Fiscal Year 1998. Such additional interest payment shall be payable in arrears on the first Business Day of each February, May, August and November, beginning November 2, 1998. 2.13
Sample 1
Utilization Premium. (A) During such periods as the aggregate principal amount of all outstanding Loans is greater than or equal to 33% of the Committed Amount but less than 66% of the Committed Amount, the otherwise applicable interest rate determined pursuant to clause (i) or (ii) above shall be increased by 6.5 bps. (B) During such periods as the aggregate principal amount of all outstanding Loans is greater than or equal to 66% of the Committed Amount, the otherwise applicable interest rate determined pursuant to clause (i) or (ii) above shall be increased by 13 bps.
Sample 1
Utilization Premium. For the period beginning on the Closing Date and ending on the US Facility Revolving Credit Termination Date, the US Facility Borrower agrees to pay to the US Facility Agent, who shall then pay to each US Facility Lender at its office in the United States based on such US Facility Lender's Applicable Fronting Percentage of the US Facility, an additional interest payment which shall accrue for each day on which the amount of US Facility Outstandings equals or exceeds an amount equal to fifty percent (50%) of the Total US Facility Commitment as of such day, and shall be payable in an amount equal to the Utilization Premium multiplied by the amount of all US Facility Outstandings calculated on the basis of a year of 360 days. Such additional interest payment shall be payable in arrears on the last Business Day of each March, June, September and December, beginning September 30, 2000.
Sample 1
Utilization Premium. For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the UK Facility Borrowers agree to pay to the UK Facility Agent, who shall then pay to each UK Facility Lender at its office in the United Kingdom based on such UK Facility Lender's Applicable Fronting Percentage of the UK Facility, an additional interest payment which shall accrue for each day on which the amount of UK Facility Outstandings equals or exceeds an amount equal to fifty percent (50%) of the Total UK Facility Commitment as of such day, and shall be payable in an amount equal to the Utilization Premium multiplied by the amount of all UK Facility Outstandings calculated on the basis of a year of 360 days. Such additional interest payment shall be payable in arrears on the last Business Day of each March, June, September and December, beginning September 30, 2000.
Sample 1
Utilization Premium. (a) For the period beginning on the Closing Date and ending on the Canadian Facility Renewable Tranche Termination Date, the Canadian Facility Borrower agrees to pay to the Canadian Facility Agent, who shall then pay to each Canadian Facility Lender at its office in Canada based on such Canadian Facility Lender's Applicable Fronting Percentage of the Canadian Facility, an additional interest payment which shall accrue for each day on which the amount of Canadian Facility Renewable Tranche Outstandings equals or exceeds an amount equal to fifty percent (50%) of the Canadian Facility Renewable Tranche Commitment as of such day, and shall be payable in an amount equal to the Utilization Premium multiplied by the amount of all Canadian Facility Renewable Tranche Outstandings calculated on the basis of a year of 360 days. Such additional interest payment shall be payable in arrears on the last Business Day of each March, June, September and December, beginning September 30, 2000.
Sample 1
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Utilization Premium. For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the Australian Facility Borrowers agree to pay to the Australian Facility Agent, who shall then pay to each Australian Facility Lender at its office in Australia based on such Australian Facility Lender's Applicable Fronting Percentage of the Australian Facility, an additional interest payment which shall accrue for each day on which the amount of Australian Facility Outstandings equals or exceeds an amount equal to fifty percent (50%) of the Total Australian Facility Commitment as of such day, and shall be payable in an amount equal to the Utilization Premium multiplied by the amount of all Australian Facility Outstandings calculated on the basis of a year of 360 days. Such additional interest payment shall be payable in arrears on the last Business Day of each March, June, September and December, beginning September 30, 2000.
Sample 1
Utilization Premium. For each day on which the Effective Amount of all L/C Obligations and Loans together exceeds thirty-three percent (33%) of the combined Commitments, the Companies shall pay to the Agent for the account of each Bank a utilization premium calculated by multiplying the Effective Amount of all L/C Obligations and Loans together on such day by the Applicable Utilization Premium Percentage. Such utilization premium shall accrue and be payable for all periods from the Closing Date until all Obligations are repaid in full (including at any time during which one or more conditions in Article V are not met) and shall be due and payable quarterly in arrears on the last Business Day of each quarter commencing on October 31, 2000 through the Revolving Termination Date (and thereafter, if the Obligations are not repaid in full on the Revolving Termination Date, upon demand); provided that, in connection with any reduction or termination of Commitments under Section 2.05, the accrued and unpaid utilization premium calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the following quarterly payment being calculated on the basis of the period from such reduction or termination date to such quarterly payment date.
Sample 1

Related to Utilization Premium

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.

  • Utilization Fees (i) If on any day the sum of the aggregate outstanding principal amount of all Loans to the Borrowers plus the L/C Obligations then outstanding exceeds the product of (A) one-half (1/2) times (B) the Revolving Loan Commitment, each Borrower shall pay to the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Utilization Fees multiplied by such Borrower’s outstanding Loans plus the L/C Obligations then outstanding (the “Utilization Fees”).

  • Over-Allowance Amount On the Cost Proposal Delivery Date, Landlord shall identify the amount (the "Over-Allowance Amount") equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Improvement Allowance. Subject to the terms of Section 2.3 of this Work Letter Agreement, the Over-Allowance Amount shall be delivered from Tenant to Landlord (on a pro-rata basis, based upon the percentage of the Tenant Improvements completed) within fifteen (15) days of Tenant's receipt of an invoice for such portion of the Over-Allowance Amount. In the event that, after the Cost Proposal Delivery Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Improvements as the result of (i) a ratified Tenant Change, or (ii) a change requested by Landlord and reasonably approved by Tenant, then, subject to the terms of Section 2.3 of this Work Letter Agreement, any additional costs which arise in connection with such revisions, changes or substitutions or any other additional costs shall be paid by Tenant to Landlord immediately upon Landlord's request as an addition to the Over-Allowance Amount. Subject to the terms of Section 2.3 of this Work Letter Agreement, in the event that Tenant fails to deliver the Over-Allowance Amount as provided in this Section 4.3.1, then Landlord may, at its option, cease work in the Premises until such time as Landlord receives payment of the Over-Allowance Amount (and such failure to deliver shall be treated as a Tenant delay in accordance with the terms of Section 5.2 below).

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Unused Line Fee Borrower shall pay to Lender monthly an unused line fee at a rate equal to one-half (1/2%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 6, 2016, $13,000,000, (iii) as of any date of determination during the period from October 7, 2016 through and including October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from October 14, 2016 through and including December 31, 2016, $20,000,000.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Non-Utilization Fee The Borrower agrees to pay to the Bank a non-utilization fee equal to one-quarter of one percent (0.25%) of the total of (a) the Revolving Loan Commitment, minus (b) the sum of (i) the daily average of the aggregate principal amount of all Revolving Loans outstanding, plus (ii) the daily average of the aggregate amount of the Letter of Credit Obligations, which non- utilization fee shall be (A) calculated on the basis of a year consisting of 360 days, (B) paid for the actual number of days elapsed, and (C) payable monthly in arrears on the last day of each month, commencing on September 30, 2006, and on the Revolving Loan Maturity Date.

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