Common use of Facing Fees Clause in Contracts

Facing Fees. The Borrower agrees to pay directly to each Letter of Credit Issuer a fee in respect of each Letter of Credit issued by it (a "FACING FEE"), computed for each day at the rate of 1/8 of 1% per annum on the Stated Amount of such Letter of Credit issued by such Letter of Credit Issuer which is outstanding on such day. Accrued Facing Fees shall be due and payable quarterly in arrears on April 1, July 1, October 1 and January 1 and on the date on which the Total Revolving Commitment expires or is terminated and no Letters of Credit remain outstanding.

Facing Fees. The Borrower agrees to pay directly to each Letter of Credit Issuer a fee in respect of each Letter of Credit issued by it (a "FACING FEE"), computed for each day at the rate of 1/8 of 1% per annum on the Stated Amount of such Letter of Credit issued by such Letter of Credit Issuer which is outstanding on such day. Accrued Facing Fees shall be due and payable quarterly in arrears on April 1the first Business Day of each April, July 1July, October 1 and January 1 and on the date on which the Total Revolving Commitment expires or is terminated and no Letters of Credit remain outstanding.

Facing Fees. The Borrower agrees to pay directly to each Letter of Credit Issuer a fee in respect of each Letter of Credit issued by it (a "FACING FEE"), computed for each day at the rate of 1/8 of 1% per annum on the Stated Amount of such Letter of Credit issued by such Letter of Credit Issuer which is outstanding on such day. Accrued Facing Fees shall be due and payable quarterly in arrears on April 1March 31, July 1June 30, October 1 September 30 and January 1 December 31 and on the date on which the Total Revolving Commitment expires or is terminated and no Letters of Credit remain outstanding.

Facing Fees. The Borrower agrees to pay directly to each Letter of Credit Issuer a fee in respect of each Letter of Credit issued by it (a "FACING FEE"), computed for each day at the rate of 1/8 of 1% per annum on the Stated Amount of such Letter of Credit issued by such Letter of Credit Issuer which is outstanding on such day. Accrued Facing Fees shall be due and payable quarterly in arrears on April 1the last Business Day of each March, July 1June, October 1 September and January 1 December and on the date on which the Total Revolving Commitment expires or is terminated and no Letters of Credit remain outstanding.