Common use of Facing Fee Clause in Contracts

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrowers shall pay to the Agent, for the sole account of the Issuing Bank, payable quarterly in arrears, commencing with the quarter in which the Letter of Credit is issued and at the end of each quarter ending thereafter while such Letter of Credit is outstanding, a fee (the “Letter of Credit Facing Fee”) in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrowers Borrower shall pay to the Agent, for the sole account of the Issuing Bank, payable quarterly in arrears, commencing with on the quarter in which the Letter date of Credit is issued and at the end issuance of each quarter ending thereafter while such Letter of Credit is outstandingCredit, a fee (the “"Letter of Credit Facing Fee”") in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrowers Borrower shall pay to the Agent, for the sole account of the Issuing Bank, payable quarterly in arrears, commencing with the quarter in which the Letter of Credit is issued and at the end of each quarter ending thereafter while such Letter of Credit is outstanding, a fee (the “Letter of Credit Facing Fee”) in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.