Common use of Compensation for Facility Letters of Credit Clause in Contracts

Compensation for Facility Letters of Credit. (a) The Borrower agrees to pay to the Agent, in the case of each outstanding Facility Letter of Credit, the Facility Letter of Credit Fee therefor, payable in monthly installments in advance on the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter of Credit Fee for the period commencing on the Issuance Date and ending on the day preceding the Payment Date next following the Issuance Date) and on each Payment Date after the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter of Credit Fee for the month in which such Payment Date occurs). Facility Letter of Credit Fees shall be calculated, on a pro rata basis for the period to which such payment applies, for actual days that will elapse during such period, on the basis of a 360-day year. The Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the Lenders (ratably in the proportion that each Lender's Commitment bears to the Aggregate Commitment).

Compensation for Facility Letters of Credit. (a) The Borrower agrees to pay to the Administrative Agent, in the case of each outstanding Facility Letter of Credit, the Facility Letter of Credit Fee therefor, payable in monthly quarterly installments in advance on the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter of Credit Fee for the period commencing on the Issuance Date and ending on the last day preceding of the Payment Date next following calendar quarter in which the Issuance DateDate occurs) and on the first day of each Payment Date calendar quarter after the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter Lease of Credit Fee for the month quarter in which such Payment Date occurspayment is due). Facility Letter of Credit Fees shall be calculated, on a pro rata basis for the period to which such payment applies, for actual days that will elapse during such period, on the basis of a 360-day year. The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the Lenders (ratably in ratably. Each installment of the proportion that each Lender's Commitment bears Facility Letter of Credit Fee shall be fully earned on the date on which such installment is payable and shall not be refundable if the Facility Letter of Credit is thereafter returned to the Aggregate Commitment)Issuing Bank or otherwise canceled prior to its expiration date.

Compensation for Facility Letters of Credit. (a) The Borrower agrees to pay to the Agent, in the case of each outstanding Facility Letter of Credit, the Facility Letter of Credit Fee therefor, payable in monthly installments in advance on the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter of Credit Fee for the period commencing on the Issuance Date and ending on the day preceding the Payment Date next following the Issuance Date) and on each Payment Date after the Issuance Date (which installment shall be a pro rata portion of the annual Facility Letter of Credit Fee for the month in which such Payment Date occurs). Facility Letter of Credit Fees shall be calculated, on a pro rata basis for the period to which such payment applies, for actual days that will elapse during such period, on the basis of a 360-day year. The Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the Lenders (ratably in the proportion that each Lender's Commitment bears to the Aggregate Commitment).. 58