Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to (i) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credit. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Date. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Lenders in accordance with their Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 hereof.
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Samples: Assignment Agreement (First Industrial Realty Trust Inc)
Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' ’ respective Percentages, a per annum fee (the "“Facility Letter of Credit Fee"”) with respect to each Facility Letter of Credit that is equal to (i) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credittime. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Facility Termination Date. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Lenders in accordance with their Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 2.16 hereof.
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Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)
Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to (i) the LIBOR Applicable Margin in effect from time to time in for LIBOR Loans multiplied by the case face amount of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters Facility Letter of Credit. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments (except for the first payment which may be a partial payment based on the first Business Day proportionate share of each month following the issuance of quarter then remaining) for any Facility Letter of Credit then outstanding, on the first day of the months of April, July, October and January, during the term of the Facility, and, to the extent any such fees are then due and unpaid, on the Maturity DateFacility Termination Date such unpaid fees shall be due and payable in full. The Administrative Agent shall promptly remit such balance of the Facility Letter of Credit Fees, when paid, to the other Lenders (including the Issuing Bank) in accordance with their respective Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 2.16 hereof.
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Samples: Revolving Credit Agreement (RFS Hotel Investors Inc)
Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to 1.50% of the face amount of the Facility Letter of Credit of which .25% of the face amount shall be paid to the Issuing Bank on the Issuance Date as set forth in Section 3.8 (ib) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credithereof. The balance of the Facility Letter of Credit Fee (1.25%) relating to any Facility Letter of Credit shall be due and payable in arrears advance in equal installments (except for the first payment which may be a partial payment based on the proportionate share of the quarter then remaining) commencing on the first Business Day day of each month following the issuance of January, 1999, for any Facility Letter of Credit then outstanding, and continuing on the first day of the months of April, July, October and January, each year thereafter, and, to the extent any such fees are then due and unpaid, on the Maturity DateFacility Termination Date such unpaid fees shall be due and payable in full. The Administrative Agent shall promptly remit such balance of the Facility Letter of Credit Fees, when paid, to the other Lenders (including the Issuing Bank) in accordance with their respective Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 2.16 hereof.
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Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to (i) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credittime. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Date. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Lenders in accordance with their Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 hereof.
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Samples: Revolving Credit Agreement (Bradley Real Estate Inc)
Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Revolving Lenders, based upon the such Lenders' ’ respective Percentages, a per annum fee (the "“Facility Letter of Credit Fee"”) with respect to each Facility Letter of Credit that is equal to (i) the LIBOR LIBORTerm SOFR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR LIBORTerm SOFR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credit. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Date. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Revolving Lenders in accordance with their Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 2.13 hereof.
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Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to 1.50% of the face amount of the Facility Letter of Credit of which .25% of the face amount shall be paid to the Issuing Bank on the Issuance Date as set forth in Section 3.8 (ib) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credithereof. The balance of the Facility Letter of Credit Fee (1.25%) relating to any Facility Letter of Credit shall be due and payable in arrears advance in equal installments (except for the first payment which may be a partial payment based on the proportionate share of the quarter then remaining) commencing on the first Business Day day of each month following the issuance of January, 1999, for any Facility Letter of Credit then outstanding, and continuing on the first day of the months of April, July, October and January, each year thereafter, and, to the extent any such fees are then due and unpaid, on the Maturity DateFacility Termination Date such unpaid fees shall be due and payable in full. The Administrative Agent shall promptly remit such balance of the Facility Letter of Credit Fees, when paid, to the other Lenders (including the Issuing Bank) in accordance with their respective Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 2.15 hereof.
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Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each Facility Letter of Credit that is equal to 1.50% of the face amount of the Facility Letter of Credit of which .25% shall be paid to the Issuing Bank on the Issuance Date as set forth in Section 3.8 (ib) the LIBOR Applicable Margin in effect from time to time in the case of Financial Letters of Credit, and (ii) the LIBOR Applicable Margin from time to time minus 0.25% in the case of Performance Letters of Credithereof. The balance of the Facility Letter of Credit Fee (1.25%) relating to any Facility Letter of Credit shall be due and payable in arrears advance in equal installments (except for the first payment which may be a partial payment based on the proportionate share of the quarter then remaining) commencing on the first Business Day day of each month following the issuance of October, 1997, for any Facility Letter of Credit then outstanding, and continuing on the first day of the months of January, April, July, and October each year thereafter, and, to the extent any such fees are then due and unpaid, on the Maturity DateFacility Termination Date such unpaid fees shall be due and payable in full. The Administrative Agent shall promptly remit such balance of the Facility Letter of Credit Fees, when paid, to the other Lenders (including the Issuing Bank) in accordance with their respective Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 hereof.the
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Compensation for Facility Letters of Credit. (a) The Borrower shall pay to the Administrative Agent, for the ratable account of the LendersLenders (including the Issuing Bank with respect to such Facility Letter of Credit), based upon the Lenders' respective Percentages, a per annum fee (the "Facility Letter of Credit Fee") with respect to each ----------------------------- Facility Letter of Credit that is equal to (i) the LIBOR Applicable Margin in effect from time to time in times the case amount of Financial such Facility Letters of Credit, and (ii) the LIBOR Applicable Margin Credit from time to time minus 0.25% in the case of Performance Letters of Credittime. The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month calendar quarter following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Date. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Lenders in accordance with their Percentages thereof. The Borrower shall not have any liability to any Lender for the failure of the Administrative Agent to promptly deliver funds to any such Lender and shall be deemed to have made all such payments on the date the respective payment is made by the Borrower to the Administrative Agent, provided such payment is received by the time specified in Section 2.12 hereof.. ------------
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