Common use of Documentary and Processing Charges Payable to Issuing Bank Clause in Contracts

Documentary and Processing Charges Payable to Issuing Bank. The Borrower shall pay directly to the Issuing Bank for its own account the customary and reasonable issuance, presentation, amendment, negotiation and other processing fees, and other standard and reasonable costs and charges, of the Issuing Bank relating to letters of credit as from time to time in effect. Such fees and charges are due and payable on demand and once paid, are nonrefundable.

Appears in 6 contracts

Samples: Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO Trust), Loan Agreement (Macquarie Infrastructure CO LLC)

AutoNDA by SimpleDocs

Documentary and Processing Charges Payable to Issuing Bank. The Borrower shall pay directly to the Issuing Bank for its own account the customary and reasonable issuancedocumentation, presentation, amendment, negotiation amendment and other processing fees, and other standard and reasonable costs and charges, of the Issuing Bank relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and once paid, are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Fusion Telecommunications International Inc)

Documentary and Processing Charges Payable to Issuing Bank. The Borrower Borrowers shall pay directly to the Agent on behalf of the Issuing Bank for its the Issuing Bank’s own account the customary and reasonable issuance, presentation, amendment, negotiation amendment and other processing fees, and other standard and reasonable costs and charges, of the Issuing Bank relating to letters of credit as from time to time in effect. It is acknowledged and agreed by Borrowers that such fees and charges may be changed from time to time. Such customary fees and standard costs and charges are due and payable on demand and once paid, are nonrefundable.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

AutoNDA by SimpleDocs

Documentary and Processing Charges Payable to Issuing Bank. The Borrower shall pay directly to the Issuing Bank for its own account the reasonable and customary and reasonable issuance, presentation, amendment, negotiation amendment and other processing fees, and other standard and reasonable costs and charges, of the Issuing Bank relating to letters Letters of credit Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and once paid, are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Mentor Corp /Mn/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!