Common use of Bank Guarantee Participation Fees Clause in Contracts

Bank Guarantee Participation Fees. Borrower agrees to pay to (i) the Administrative Agent for the account of each Lender a participation fee (“Bank Guarantee Participation Fee”) with respect to its participations in Bank Guarantees, which shall accrue at a rate per annum equal to (x) in case of Financial Bank Guarantees, the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, (y) in case of Non-Financial Bank Guarantees, 50% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans and (z) in the case of Bank Guarantees that have been Cash Collateralized, 25% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, in each case, on the average daily amount of such Lender’s Bank Guarantee Exposure (excluding any portion thereof attributable to Bank Guarantee Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any Bank Guarantee Exposure, and (ii) the Guarantee Bank, the Guarantee Bank’s customary charges with respect to the administration, issuance, amendment, negotiation, renewal or extension of any Bank Guarantee or processing of drawings thereunder (including any correspondent bank fees and charges). Accrued Bank Guarantee Participation Fees shall be payable in arrears (A) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (B) on the date on which all of the Revolving Commitments terminate. Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Guarantee Bank pursuant to this Section 2.05(d) shall be payable within 20 Business Days (or, to the extent not adverse to the interest of any other Lender or the Guarantee Bank, such longer period as the Guarantee Bank may agree in writing in its sole discretion) after written demand therefor. All Bank Guarantee Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Bank Guarantee Participation Fees. Borrower agrees to pay to (i) the Administrative Agent for the account of each Lender a participation fee (“Bank Guarantee Participation Fee”) with respect to its participations in Bank Guarantees, which shall accrue at a rate per annum equal to (x) in case of Financial Bank Guarantees, the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, (y) in case of Non-Financial Bank Guarantees, 50% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans and (z) in the case of Bank Guarantees that have been Cash Collateralized, 25% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, in each case, on the average daily amount of such Lender’s Bank Guarantee Exposure (excluding any portion thereof attributable to Bank Guarantee Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such LenderXxxxxx’s Revolving Commitment terminates and the date on which such Lender ceases to have any Bank Guarantee Exposure, and (ii) the Guarantee Bank, the Guarantee Bank’s customary charges with respect to the administration, issuance, amendment, negotiation, renewal or extension of any Bank Guarantee or processing of drawings thereunder (including any correspondent bank fees and charges). Accrued Bank Guarantee Participation Fees shall be payable in arrears (A) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (B) on the date on which all of the Revolving Commitments terminate. Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Guarantee Bank pursuant to this Section 2.05(d) shall be payable within 20 Business Days (or, to the extent not adverse to the interest of any other Lender or the Guarantee Bank, such longer period as the Guarantee Bank may agree in writing in its sole discretion) after written demand therefor. All Bank Guarantee Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Bank Guarantee Participation Fees. Borrower agrees to pay to (i) the Administrative Agent for the account of each Lender a participation fee (“Bank Guarantee Participation Fee”) with respect to its participations in Bank Guarantees, which shall accrue at a rate per annum equal to (x) in case of Financial Bank Guarantees, the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, (y) in case of Non-Financial Bank Guarantees, 50% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans and (z) in the case of Bank Guarantees that have been Cash Collateralized, 25% of the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans, in each case, on the average daily amount of such Lender’s Bank Guarantee Exposure (excluding any portion thereof attributable to Bank Guarantee Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any Bank Guarantee Exposure, and (ii) the Guarantee Bank, the Guarantee Bank’s customary charges with respect to the administration, issuance, amendment, negotiation, renewal or extension of any Bank Guarantee or processing of drawings thereunder (including any correspondent bank fees and charges). Accrued Bank Guarantee Participation Fees shall be payable in arrears (A) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (B) on the date on which all of the Revolving Commitments terminate. Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Guarantee Bank pursuant to this Section 2.05(d) shall be payable within 20 Business Days (or, to the extent not adverse to the interest of any other Lender or the Guarantee Bank, such longer period as the Guarantee Bank may agree in writing in its sole discretion) after written demand therefor. All Bank Guarantee Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).payable