Facility Letter of Credit Fees. The Borrower hereby agrees to pay to the Administrative Agent for the account of the Issuer or the Lenders, as applicable, letter of credit fees with respect to each Facility Letter of Credit from and including the date of issuance thereof until the date such Facility Letter of Credit is fully drawn, canceled or expired, (a) for the account of the Issuer, computed at such rate as may be agreed upon between the Issuer and the Borrower, on the aggregate initial face amount of such Facility Letter of Credit payable on the date of issuance, and (b) for the ratable account of the Lenders, equal to (i) in the case of Commercial Letters of Credit, 50% of the Applicable Eurodollar Margin times the aggregate initial face amount of such Commercial Letter of Credit, payable upon the date of issuance thereof, and (ii) in the case of Standby Letters of Credit, the Applicable Eurodollar Margin times the aggregate amount from time to time available to be drawn on such Standby Facility Letter of Credit, calculated with respect to actual days elapsed on the basis of a 360-day year and payable quarterly in arrears on each Payment Date in each year and upon the expiration, cancellation or utilization in full of such Facility Letter of Credit. In addition to the foregoing, the Borrower agrees to pay the Issuer any other fees customarily charged by it in respect of Letters of Credit issued by it.
Facility Letter of Credit Fees. In connection with each Facility Letter of Credit issued, the US-Borrower, Canada-Borrowers or UK-Borrower, as applicable, agrees to pay the Issuer thereof, ratably for the benefit of the US Lenders, Canada Lenders or UK Lenders, as applicable:
(a) with respect to each Standby Letter of Credit, on the Issuance Date thereof, a letter of credit fee computed at the "S/L/C Rate" (as defined below) on the maximum amount available to be drawn from time to time under such Standby Letter of Credit for the period from and including the date of issuance of such Standby Letter of Credit until the stated expiry date thereof. This fee shall be payable for the first year (or the entire stated period if less than one year) on the Issuance Date and quarterly in arrears the last Business Day of each November, February, May and August thereafter. As used herein, "S/L/C Rate" means the interest rate equal to the "Applicable Margin" in connection with the Eurocurrency Rate then in effect (including any increase or adjustment thereto due to Defaults or Unmatured Default).
Facility Letter of Credit Fees. Each of the Borrowers agrees to pay (i) quarterly, in arrears, on each Payment Date to the Administrative Agent for the ratable benefit of the Lenders having Revolving Loan Commitments, except as set forth in Section 8.2, a letter of credit fee ("Letter of Credit Fee") in the amount of the Applicable Letter of Credit Fee Rate per annum on the aggregate average daily outstanding Dollar Amount available for drawing under all of the Facility Letters of Credit issued for its account, and (ii) to the Administrative Agent for the benefit of the Issuing Lenders, a fronting fee of one-eighth of one percent (0.125%) per annum on the aggregate average daily outstanding Dollar Amount available for drawing under all of the Facility Letters of Credit issued for its account payable quarterly, in arrears, on each Payment Date, plus all customary fees and other issuance, amendment, document examination, negotiation and presentment expenses and related charges in connection with the issuance, amendment, presentation of L/C Drafts, and the like customarily charged by the Issuing Lender with respect to standby and commercial Facility Letters of Credit, including, without limitation, standard commissions with respect to commercial Facility Letters of Credit, payable at the time of invoice of such amounts.
Facility Letter of Credit Fees. The Borrower hereby agrees to pay to the Agent, for the ratable account of the Lenders, letter of credit fees with respect to each Facility Letter of Credit from and including the date of issuance thereof until the date such Facility Letter of Credit is fully drawn, cancelled or expired, equal to the Applicable Margin multiplied by the aggregate amount from time to time available to be drawn on such Facility Letter of Credit, calculated with respect to actual days elapsed on the basis of a 360-day year and payable quarterly in arrears on each Payment Date in each year and upon the expiration, cancellation or utilization in full of such Facility Letter of Credit. In addition to the foregoing, the Borrower agrees to pay the Issuer for its own account (a) a fronting fee equal to .125% per annum on the face amount of each Facility Letter of Credit issued by such Issuer, calculated with respect to actual days elapsed on the basis of a 360-day year and payable quarterly in arrears and (b) any other fees customarily charged by it in respect of Letters of Credit issued by it.
Facility Letter of Credit Fees. Group shall or shall cause the other Borrowers to pay letter of credit fees with respect to each standby Facility Letter of Credit equal to (a) .15% of the face amount of such Facility Letter of Credit, payable to the Issuer upon issuance, and (b) a per annum rate equal to the then effective Applicable Margin for Eurocurrency Loans times the outstanding undrawn face amount of such standby Facility Letter of Credit, payable to the Agent for the account of the Lenders, in each case payable in arrears on the last Business Day of each calendar quarter. In addition to the foregoing, (x) Group shall or shall cause the other Borrowers to pay to the Issuer any other processing, issuance, amendment and other similar fees customarily charged by it in respect of Facility Letters of Credit issued by it, including, without limitation, customary fees charged by it in connection with commercial Facility Letters of Credit, together with the Issuer's out-of-pocket costs of issuing and servicing Facility Letters of Credit, and (y) Group shall or shall cause the other Borrowers to pay to the Agent for the account of the Issuer, upon any transfer of any Facility Letter of Credit by the beneficiary thereof to a new beneficiary, a transfer commission equal to the greater of $100 or .25% of the amount transferred which shall not in any event exceed $750.
Facility Letter of Credit Fees. The Borrowers shall pay to the Issuing Lender a letter of credit fronting fee for each Facility Letter of Credit, in an amount agreed to between AMRESCO and the Issuing Lender by separate agreement, in consideration of the issuance of such Facility Letter of Credit. In addition, Borrowers shall pay to Administrative Agent for the account of the Revolving Lenders a letter of credit fee (the "Facility Letter of Credit Fee") as a condition to the issuance of any Facility Letter of Credit (or extension thereof) in an amount equal to the applicable per annum percentage rate then in effect as the Applicable Fee Rate for the Facility Letter of Credit Fee, calculated as provided in Section 2.20, times the maximum stated amount of the Facility Letter of Credit so issued. The Facility Letter of Credit Fee, shall be paid for the account of each Revolving Lender in accordance with its Commitment Percentage and shall be payable on the date of issuance of the applicable Facility Letter of Credit (and if extended, on the date of extension).
Facility Letter of Credit Fees. In connection with each Facility Letter of Credit issued, the applicable Borrower agrees to pay the Issuer thereof, ratably for the benefit of the Lenders:
(a) with respect to each Standby Letter of Credit, on the Issuance Date thereof, a letter of credit fee computed at the “S/L/C Rate” (as defined below) on the maximum amount available to be drawn from time to time under such Standby Letter of Credit for the period from and including the date of issuance of such Standby Letter of Credit until the stated expiry date thereof. This fee shall be payable for the first year (or the entire stated period if less than one year) on the Issuance Date and quarterly in arrears the last Business Day of each November, February, May and August thereafter. As used herein, “S/L/C Rate” means the interest rate equal to the “Applicable Margin” in connection with the Eurocurrency Rate then in effect (including any increase or adjustment thereto due to Defaults or Unmatured Default).
Facility Letter of Credit Fees. Each Borrower hereby agrees to pay to the Administrative Agent for the account of the Issuer or the Lenders, as applicable, letter of credit fees with respect to each Facility Letter of Credit issued for its account from and including the date of issuance thereof until the date such Facility Letter of Credit is fully drawn, cancelled or expired, (a) for the account of the Issuer, 0.10% on the aggregate initial face amount of such Facility Letter of Credit payable on the date of issuance, and (b) for the ratable account of the Lenders, equal to the Applicable Margin multiplied by the aggregate amount from time to time available to be drawn on such Letter of Credit, calculated with respect to actual days elapsed on the basis of a 360-day year and payable quarterly in arrears on each Payment Date in each year and upon the expiration, cancellation or utilization in full of such Facility Letter of Credit with such fees increased, in the case of clause (b) above, by 1% per annum while a Default has occurred and is continuing. In addition to the foregoing, each Borrower agrees to pay the Issuer any other fees customarily charged by it in respect of Letters of Credit issued by it.
Facility Letter of Credit Fees. The Borrower hereby agrees to pay to the Agent for the account of the Issuer or the Lenders, as applicable, a letter of credit fee with respect to each Facility Letter of Credit from and including the date of issuance thereof until the date such Facility Letter of Credit is fully drawn, canceled or expired, (a) for the account of the Issuer, computed at the rate of .25% per annum on the aggregate initial face amount of such Facility Letter of Credit and (b) for the ratable account of the Lenders, computed at a rate per annum equal to the Applicable Eurodollar Margin from time to time in effect, on the aggregate amount from time to time available to be drawn on such Facility Letter of Credit. Such fee payable for the account of the Issuer shall be payable upon the date of issuance of the relevant Facility Letter of Credit. Such fee payable for the account of the Lenders shall be calculated with respect to actual days elapsed on the basis of a 360- day year and shall be payable quarterly in arrears on each Payment Date in each year and upon the expiration, cancellation or utilization in full of any Facility Letter of Credit. In addition to the foregoing, the Borrower agrees to pay the Issuer any other fees customarily charged by it in respect of standby Letters of Credit issued by it.
Facility Letter of Credit Fees. The Company shall pay quarterly in arrears, on the tenth (10th) Business Day of each calendar quarter in respect of the previous calendar quarter and promptly upon receipt of each quarterly report referred to in Section 3.09, in the case of each Facility Letter of Credit covered by such quarterly report, a per annum fee equal to the Applicable Eurodollar Rate Margin then in effect applied (on the basis of actual days elapsed in a 360 day year) to the maximum amount available to be drawn under such Facility Letter of Credit from day to day during the previous calendar quarter; provided, however, that, effective upon notice from the Administrative Agent or the Requisite Lenders at any time after (i) the occurrence of an Event of Default under Section 10.01(a) or (ii) the date of acceleration of the maturity of the Obligations pursuant to Section 10.02(a) and for as long thereafter as such Event of Default shall be continuing or until such acceleration has been rescinded pursuant to Section 10.02(c) (as applicable), the fee payable pursuant to this Section 3.08(a) shall accrue at a rate equal to the Applicable Eurodollar Rate Margin then in effect plus two percent (2%) per annum (on the basis of actual days elapsed in a 360 day year) and shall be payable upon demand. This fee shall be paid to the Administrative Agent for the account of the Lenders in proportion to their respective Pro Rata Shares.
