Examples of Utilization Fees in a sentence
The Borrower agrees to pay to the Administrative Agent utilization fees (the “ Utilization Fees ”) for the account of each Non-Defaulting Lender that has a Commitment for each day on which the Aggregate Revolving Facility Exposure exceeds 50% of the Total Commitment, computed for each such day at a rate per annum equal to the Applicable Utilization Fee Rate times the Revolving Facility Exposure of such Non-Defaulting Lender on such day.
All computations of Facility Fees, Utilization Fees, LC Fees and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.
The Employer agrees to meet to review the Merit Based Pay System and to discuss the criterion used by the employer to award merit based pay increases when requested by the Union.
Utilization Fees shall be due and payable monthly in arrears on the first Business Day after the end of each month, commencing with the first such date to occur after the issuance of a Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.
Utilization Fees, if any, shall be due and payable quarterly in arrears on the last Business Day of each December, March, June and September and on the Maturity Date.