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

Compensation for Facility Letters of Credit. Borrower shall pay to the Issuer on or before the Issuance Date of each Letter of Credit (or such later date as the Borrower and such Issuer shall agree upon in writing), and shall also pay from time to time such Issuer's reasonable and customary costs of, and fees for, issuing and servicing such Letter of Credit. The Borrower shall also pay to the Agent, for the account of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Issuance Fee with respect to each Letter of Credit, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Issuance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, on the Revolving Facility Termination Date. The Agent shall promptly remit the Issuance Letter of Credit Fees, when paid to the Lenders in accordance with their Pro Rata Share thereof. Borrower shall pay to the Issuer on or before the Issuance Date of each Bankers Acceptance (or such later date as the Borrower and such Issuer shall agree upon in writing), and shall also pay from time to time such Issuer's reasonable and customary costs of issuing and servicing such Bankers Acceptance. The Borrower shall pay to the Agent, for the account of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Bankers Acceptance Fee with respect to each Bankers Acceptance, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Bankers Acceptance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, on the Revolving Facility Termination Date. The Agent shall promptly remit the Bankers Acceptance Fees, when paid to the Lenders in accordance with their Pro Rata Share thereof.

Compensation for Facility Letters of Credit. The Borrower shall pay to the Issuer Lender on or before the Issuance Date of each Letter of Credit (or such later date as the Borrower and such Issuer Lender shall agree upon in writing), and shall also pay from time to time such Issuerthe Lender's reasonable and customary costs of, and fees for, issuing and servicing such Letter of Credit. The Borrower shall also pay to the Agent, for the account of the Lenders, ratably based upon the Lenders' respective Pro Rata SharesLender, the Issuance Fee with respect to each Letter of Credit, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Issuance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, full on the Revolving Facility Termination Date. The Agent shall promptly remit the Issuance Date of each Letter of Credit Fees, when paid or extension thereof (as the expiration of such Letter of Credit may be extended from time to time). The Issuance Fee shall be non refundable and shall be fully earned as of the Lenders in accordance with their Pro Rata Share thereofdate each payment thereof is due. Borrower shall pay to the Issuer Lender on or before the Issuance Date of each Bankers Acceptance (or such later date as the Borrower and such Issuer the Lender shall agree upon in writing), and shall also pay from time to time such Issuerthe Lender's reasonable and customary costs of issuing and servicing such Bankers Acceptance. The Borrower shall also pay to the Agent, for the account of the Lenders, ratably based upon the Lenders' respective Pro Rata SharesLender, the Bankers Acceptance Fee with respect to each Bankers Acceptance, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Bankers Acceptance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, full on the Revolving Facility Termination DateIssuance Date of each Bankers Acceptance. The Agent Banker's Acceptance Fee shall promptly remit be non refundable and shall be fully earned as of the Bankers Acceptance Fees, when paid to the Lenders in accordance with their Pro Rata Share thereofdate each payment thereof is due.

Compensation for Facility Letters of Credit. Borrower shall pay to the Issuer on or before the Issuance Date of each Letter of Credit (or such later date as the Borrower and such Issuer shall agree upon in writing), and shall also pay from time to time such Issuer's reasonable and customary costs of, and fees for, issuing and servicing such Letter of Credit. a) The Borrower shall also agrees to pay to the Agent, for in the account case of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Issuance Fee with respect to 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 from commencing on the Issuance Date thereof to and including ending on the final expiration date thereof. The day preceding the Payment Date next following the Issuance Fee shall be due Date) and payable in arrears on each Payment Date andafter 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 the extent any which such fees are then due and unpaidpayment applies, for actual days that will elapse during such period, on the Revolving Facility Termination Datebasis of a 360-day year. The Agent shall promptly remit the Issuance such Facility Letter of Credit Fees, when paid paid, to the Lenders (ratably in accordance with their Pro Rata Share thereof. Borrower shall pay the proportion that each Lender's Commitment bears to the Issuer on or before Aggregate Commitment). 58 (b) An Issuing Bank shall have the Issuance Date of each Bankers Acceptance (or right to receive solely for its own account such later date amounts as the Borrower and such Issuer shall agree upon may agree, in writing), to pay to such Issuing Bank with respect to issuance fees and shall also pay from time to time for such IssuerIssuing Bank's reasonable and customary out-of-pocket costs of issuing and servicing such Bankers Acceptance. The Borrower shall pay to the Agent, for the account Facility Letters of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Bankers Acceptance Fee with respect to each Bankers Acceptance, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Bankers Acceptance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, on the Revolving Facility Termination Date. The Agent shall promptly remit the Bankers Acceptance Fees, when paid to the Lenders in accordance with their Pro Rata Share thereofCredit.

Compensation for Facility Letters of Credit. Borrower shall pay to the Issuer on or before the Issuance Date of each Letter of Credit (or such later date as the Borrower and such Issuer shall agree upon in writing), and shall also pay from time to time such Issuer's reasonable and customary costs of, and fees for, issuing and servicing such Letter of Credit. a) The Borrower shall also agrees to pay to the Agent, for in the account case of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Issuance Fee with respect to 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 from commencing on the Issuance Date thereof to and including ending on the final expiration date thereof. The day preceding the Payment Date next following the Issuance Fee shall be due Date) and payable in arrears on each Payment Date andafter 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 the extent any which such fees are then due and unpaidpayment applies, for actual days that will elapse during such period, on the Revolving Facility Termination Datebasis of a 360-day year. The Agent shall promptly remit the Issuance such Facility Letter of Credit Fees, when paid paid, to the Lenders (ratably in accordance with their Pro Rata Share thereof. Borrower shall pay the proportion that each Lender's Commitment bears to the Issuer on or before Aggregate Commitment). (b) An Issuing Bank shall have the Issuance Date of each Bankers Acceptance (or right to receive solely for its own account such later date amounts as the Borrower and such Issuer shall agree upon may agree, in writing), to pay to such Issuing Bank with respect to issuance fees and shall also pay from time to time for such IssuerIssuing Bank's reasonable and customary out-of-pocket costs of issuing and servicing such Bankers Acceptance. The Borrower shall pay to the Agent, for the account Facility Letters of the Lenders, ratably based upon the Lenders' respective Pro Rata Shares, the Bankers Acceptance Fee with respect to each Bankers Acceptance, for the period from the Issuance Date thereof to and including the final expiration date thereof. The Bankers Acceptance Fee shall be due and payable in arrears on each Payment Date and, to the extent any such fees are then due and unpaid, on the Revolving Facility Termination Date. The Agent shall promptly remit the Bankers Acceptance Fees, when paid to the Lenders in accordance with their Pro Rata Share thereofCredit.