Common use of Customary Fees and Expenses Clause in Contracts

Customary Fees and Expenses. The Borrower shall also pay to the Administrative Agent for each Issuing Lender’s sole account such Issuing Lender’s then in effect customary fees and administrative expenses payable with respect to the Letters of Credit issued by such Issuing Lender, all as such Issuing Lender may generally charge or incur from time to time in connection with the issuance, maintenance, extension, renewal, amendment, modification (if any), assignment or transfer (if any), negotiation, and administration of Letters of Credit. For each Commercial Letter of Credit, the Borrower shall pay to each Issuing Lender for its own account, a negotiation fee of 0.25% of each draw on each Letter of Credit issued by such Issuing Lender, payable at the time of the drawing.

Customary Fees and Expenses. The Borrower shall also pay to the Administrative Paying Agent for each Issuing Lender’s Bank's sole account such Issuing Lender’s Bank's then in effect customary fees and administrative expenses payable with respect to the Letters of Credit issued by such Issuing LenderBank, all as such Issuing Lender Bank may generally charge or incur from time to time in connection with the issuance, maintenance, extension, renewal, amendment, modification (if any), assignment or transfer (if any), negotiation, and administration of Letters of Credit. For each Commercial Letter of Credit, the Borrower shall pay to each Issuing Lender Bank for its own account, a negotiation fee of 0.25% of each draw on each Letter of Credit issued by such Issuing LenderBank, payable at the time of the drawing.