Common use of Fees and Other Charges Clause in Contracts

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 9 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Holdings, Inc.), Credit Agreement (Cinemark Usa Inc /Tx)

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Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility on the face amount of such Letter of Credit, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the aggregate drawable face amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 8 contracts

Samples: Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable daily amount of available to be drawn under all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable daily amount of available to be drawn under all outstanding Letters of Credit issued by it such Issuing Lender for the Borrower’s account at a rate per annum and at the times to be agreed upon by the Borrower and such Issuing Lender and Lender. For purposes of computing the Borroweraverage daily amount available to be drawn under the Letters of Credit, payable quarterly the amount of such Letters of Credit shall be determined in arrears on each L/C Fee Payment Date after the issuance dateaccordance with Section 1.3. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of the Borrower.

Appears in 7 contracts

Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (Symetra Financial CORP), Credit Agreement (Symetra Financial CORP)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect from time to time with respect to Eurodollar Loans under the Revolving Credit FacilityLIBOR Loans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 6 contracts

Samples: Credit Agreement (Henry Schein Inc), Credit Agreement (Henry Schein Inc), Credit Agreement (Henry Schein Inc)

Fees and Other Charges. (a) The Each Borrower will pay a fee (“Letter of Credit Fees”) on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin Percentage then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, in accordance with the Fee Letter (or as separately agreed between the relevant Borrower and any Issuing Lender) the relevant Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the relevant Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Virginia Electric & Power Co), Revolving Credit Agreement (Virginia Electric & Power Co), Revolving Credit Agreement (Dominion Energy South Carolina, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders (other than Defaulting Lenders to the extent provided in Section 2.20) in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum in an amount to be agreed upon by between the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending amending, renewing or otherwise administering any Letter of Credit.

Appears in 6 contracts

Samples: Credit Agreement (PG&E Corp), Credit Agreement (PG&E Corp), Credit Agreement (PACIFIC GAS & ELECTRIC Co)

Fees and Other Charges. (a) The Borrower will pay a fee (“Letter of Credit Fees”) on the aggregate drawable amount of all outstanding Letters of Credit at a the per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans percentages set forth under the Revolving Credit Facilityheading “Applicable Percentage for Letters of Credit” in the table included in the definition of “Applicable Percentage”, multiplied by the Stated Amount of each Letter of Credit, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be as agreed upon by between the Borrower and such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateLender. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued by it.

Appears in 5 contracts

Samples: Five Year Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Dominion Resources Inc /Va/), Five Year Credit Agreement (Dominion Resources Inc /Va/)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay to the Issuing Lender for its own account a fronting fee for each outstanding Letter of Credit, equal to the greater of (x) 1⁄4 of 1.00% per annum on the aggregate drawable amount of such Letter of Credit and (y) $500. Such fronting fees shall be payable quarterly in arrears on each L/C Fee Payment Date and shall be nonrefundable. (c) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (Sba Communications Corp), Revolving Refinancing Amendment (Sba Communications Corp), 2018 Refinancing Amendment (Sba Communications Corp)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages of the Revolving Credit Facility and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum equal to be agreed upon by such Issuing Lender and 0.125% on the Borrowerface amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility (less the percentage per annum at which the Fronting Fee (as defined below) is paid in respect of such Letter of Credit), shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee (the “Fronting Fee”) on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of 0.25% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (UCI Holdco, Inc.), Credit Agreement (Chefford Master Manufacturing Co Inc), Credit Agreement (UCI Holdco, Inc.)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable fee, in an amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender the Borrower and the BorrowerIssuing Bank, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses (as agreed upon by the Borrower and the Issuing Lender) as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Salton Maxim Housewares Inc), Credit Agreement (Salton Maxim Housewares Inc), Credit Agreement (Salton Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the 2017 Revolving Credit Facility, shared ratably among the 2017 Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages of the 2017 Revolving Credit Facility and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, LLC), Credit Agreement (National CineMedia, LLC)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount Dollar Equivalent (as determined by the Administrative Agent in accordance with the definition thereof) of all outstanding Letters of Credit issued for the account of the Borrower and any relevant Subsidiary Borrower at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit Facility, which fee shall be payable to the Administrative Agent for the account of the Revolving Lenders, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages Lenders, and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay a fronting fee in an amount to be agreed with the relevant Issuing Lender for its own account a fronting fee (but, in any event, not greater than of 0.125% per annum) on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and for the account of the Borrower or any relevant Subsidiary Borrower, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)

Fees and Other Charges. (a) The Borrower will pay to the Lender a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for its account (other than any such Letters of Credit that have been fully cash collateralized pursuant to terms satisfactory to the Issuing Lender) at a per annum rate equal to the Applicable Margin then in effect with respect to the Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Lender, for the benefit of the Issuing Lender for its own account Lender, a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it by, the Issuing Lender for the Borrower’s account at a rate per annum to be agreed upon by such Issuing between the Lender and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Lender and the Issuing Lender Lender, as the case may be, for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the Borrower’s account.

Appears in 3 contracts

Samples: Credit Agreement (Archstone), Credit Agreement (Archstone), Credit Agreement (Archstone)

Fees and Other Charges. (a) The Subject to Section 2.18(d)(iii), each Borrower will agrees to pay a fee on the aggregate drawable amount all of all its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the applicable Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borroweron its behalf, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the applicable Borrower shall agrees to pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Colony Capital, Inc.), Credit Agreement (Colony Credit Real Estate, Inc.), Credit Agreement (Colony NorthStar Credit Real Estate, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee (in an amount to be agreed to by the Borrower and such Issuing Lender) on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to it, which fee shall be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Pinnacle Entertainment Inc), Credit Agreement (Pinnacle Entertainment Inc), Credit Agreement (Pinnacle Entertainment Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, which fee shall be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be rate agreed upon by the Borrower and such Issuing Lender and the BorrowerLender, which fee shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Villa Pines Care LLC), Credit Agreement (Gallipolis Care LLC)

Fees and Other Charges. (a) The Borrower will pay a fee in the Applicable Currency on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar LIBO Rate Loans of the Applicable Currency under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee in the Applicable Currency on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of 1/8 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateof such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Tronox Inc), Credit Agreement (Tronox Inc)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of all its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender Lender(s) for its own account a fronting fee per annum at the rate set forth in the applicable Issuing Lender Agreement on the aggregate drawable undrawn and unexpired amount of all outstanding each of its Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the its issuance date, and any other fees agreed to between the relevant Borrower and an Issuing Lender and set forth in its Issuing Lender Agreement. (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Interstate Bakeries Corp/De/), Credit Agreement (Interstate Bakeries Corp/De/)

Fees and Other Charges. (a) The Borrower will pay a fee to the Administrative Agent, for the ratable benefit of the Revolving Credit Lenders, on the daily aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of the greater of 1/8 of 1% per annum to be agreed upon by such Issuing Lender and the Borrower$500 per annum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such reasonable, normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)

Fees and Other Charges. (a) a. The Borrower will pay a fee ("Letter of Credit Fees") on the aggregate drawable amount of all outstanding Letters of Credit at a the per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans percentages set forth under the Revolving Credit Facilityheading "Applicable Percentage for Letters of Credit" in the table included in the definition of "Applicable Percentage", multiplied by the Stated Amount of each Letter of Credit, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be as agreed upon by between the Borrower and such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateLender. (b) b. In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued by it.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Natural Gas Co/Va), Credit Agreement (Dominion Resources Inc /Va/)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent for distribution to the Lenders a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a the rate per annum to be agreed upon from time to time by the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters for each Letter of Credit at a per annum rate equal to the Unused Commitment Fee Rate set forth in the definition of “Applicable Margin Margin” then in effect with respect to Eurodollar Loans under the Revolving Facility of the face amount of each Letter of Credit Facility(provided that the minimum fee shall be $300), shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on at a per annum rate .125 percent of the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Marchex Inc), Credit Agreement (Marchex Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders (other than Defaulting Lenders to the extent provided in Section 2.20) in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum in an amount to be agreed upon by between the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending amending, extending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (PG&E Corp), Credit Agreement (PG&E Corp)

Fees and Other Charges. (a) The Borrower will pay a fee ("Letter of Credit Fees") on the aggregate drawable amount of all outstanding Letters of Credit at a the per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans percentages set forth under the Revolving Credit Facilityheading Applicable Percentage for Letters of Credit" in the table included in the definition of "Applicable Percentage", multiplied by the Stated Amount of each Letter of Credit, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be as agreed upon by between the Borrower and such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateLender. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued by it.

Appears in 2 contracts

Samples: Letter of Credit Agreement (Consolidated Natural Gas Co/Va), Letter of Credit Agreement (Dominion Resources Inc /Va/)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Dollar Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Dollar Revolving Credit Facility, shared ratably among the Dollar Revolving Credit Lenders in accordance with their respective Dollar Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Dollar Letter of Credit. In addition, the Borrower shall pay to the relevant Dollar Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Dollar Letters of Credit issued by it at a rate of 1/8 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of such Dollar Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Dollar Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Dollar Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Dollar Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Bucyrus International Inc), Credit Agreement (Bucyrus International Inc)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, Facilities shared ratably among the Revolving Credit Lenders in accordance with their respective applicable Revolving Credit Percentages and each such fee is payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. Such fees shall be payable in the same currency as the Letter of Credit to which such fees relate. In addition, the Borrower Borrowers shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of 1/4 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateof date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Waste Services, Inc.), Credit Agreement (Waste Services, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable face amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of 1/4 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Hanger Orthopedic Group Inc)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. date. (a) In additionaddition to the foregoing fees, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee for each outstanding Letter of Credit, equal to the greater of (x) ¼ of 1.00% per annum on the aggregate drawable amount of all outstanding Letters such Letter of Credit issued by it at a rate per annum to and (y) $500. Such fronting fees shall be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateand shall be nonrefundable. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Fees and Other Charges. (a) The Each Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable daily amount of available to be drawn under all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable daily amount of available to be drawn under all outstanding Letters of Credit issued by it such Issuing Lender for such Borrower’s account at a rate per annum and at the times to be agreed upon by the Borrowers and such Issuing Lender and Lender. For purposes of computing the Borroweraverage daily amount available to be drawn under the Letters of Credit, payable quarterly the amount of such Letters of Credit shall be determined in arrears on each L/C Fee Payment Date after the issuance dateaccordance with Section 1.3. (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Fees and Other Charges. (a) The Borrower will pay to Lenders a participation fee on the aggregate drawable Applicable Percentage at such time of the actual daily outstanding amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Revolving Loans that are Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender Bank for its own account a fronting fee of 0.125% per annum on the aggregate drawable face amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such the Issuing Lender and the BorrowerBank, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or the Issuing Bank its standard fees charged with respect to, and reimburse each the Issuing Lender Bank for such normal and customary its out-of-pocket costs and expenses as are incurred or charged by such Issuing Lender in connection with, issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued by the Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Radiation Therapy Services Holdings, Inc.)

Fees and Other Charges. (a) The Each applicable Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for the account of such Borrower (or for the joint and several account of such Borrower and any Subsidiary) at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and Lenders. Such fees shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each applicable Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee in an amount per annum separately agreed with such Issuing Lender on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender for the account of such Borrower (or for the joint and the Borrowerseveral account of such Borrower and any Subsidiary), payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the each applicable Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower (or for the joint and several account of such Borrower and any Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent for the account of the Revolving Lender a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin under the Revolving Facility then in effect with respect to Eurodollar Loans under on the Revolving Credit Facilityaverage daily amount of the L/C Obligations (excluding any portion thereof attributable to unreimbursed drawings), shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable in Dollars quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable average daily amount of all outstanding Letters of Credit issued by it at a rate per annum the L/C Obligations (excluding any portion thereof attributable to be agreed upon by such Issuing Lender and the Borrowerunreimbursed drawings), payable in Dollars quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender in Dollars for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditthereof. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a of 1/8 of 1% per annum (or such other rate per annum to as may be mutually agreed upon by such Issuing Lender the Borrower and the Borrowerrelevant Issuing Lender), payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Local Insight Yellow Pages, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages of the Revolving Credit Facility and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum equal to be agreed upon by such Issuing Lender and 0.125% on the Borrowerface amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (ba) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (National CineMedia, Inc.)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of available to be drawn on all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityEurocurrency Rate Advances, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee in an amount agreed with the Issuing Lender on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by for the account of such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) . In addition to the foregoing fees, the each Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Monsanto Co /New/)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the such Borrower shall pay to the relevant applicable Issuing Lender for its own account a fronting fee in an amount agreed by the Company and such Issuing Lender on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (First Solar, Inc.)

Fees and Other Charges. (a) (a) The Borrower will pay a fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility less the fronting fee set forth in the succeeding sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender computed at the rate of 0.25% per annum and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Incremental Commitment Agreement (KAR Auction Services, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders having a Revolving Commitment (other than Defaulting Lenders to the extent provided in Section 2.18) in accordance with their respective Percentages of the Revolving Credit Percentages Facility and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on in an amount equal to 0.125% per annum of the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending amending, renewing or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (PACIFIC GAS & ELECTRIC Co)

Fees and Other Charges. (a) The Borrower will pay to each Issuing Lender a fee on the aggregate drawable amount of all outstanding Letters of Credit issued by such Issuing Lender at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender as agreed by the Borrower and the Borrowersuch Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender Lenders for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender Lenders in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Protection One Alarm Monitoring Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate of 1/4 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. Such fees and commissions shall be payable in Dollars, notwithstanding that a Letter of Credit may be denominated in any Designated Foreign Currency. In respect of a Letter of Credit denominated in any Designated Foreign Currency, such fees and commissions shall be converted into Dollars at the Spot Rate of Exchange on the date on which they are paid (or, if such date is not a Business Day, at the Spot Rate of Exchange on the Business Day next preceding such date). (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters Multicurrency Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Dollar Lenders in accordance with their respective Revolving Credit Dollar Percentages and payable quarterly in arrears on each Multicurrency L/C Fee Payment Date after the issuance date of such Letters Multicurrency Letter of Credit. In addition, the Borrower shall pay to the relevant Multicurrency Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Multicurrency Letters of Credit issued by it at a rate of 1/8 of 1% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each Multicurrency L/C Fee Payment Date after the issuance datedate of such Multicurrency Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Multicurrency Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Multicurrency Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Multicurrency Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Syniverse Technologies Inc)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent for distribution to the Revolving Credit Lenders a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a the rate per annum to be agreed upon from time to time by the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, which fee shall be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be rate agreed upon by the Borrower and such Issuing Lender and the BorrowerLender, which fee shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Extendicare Health Services Inc)

Fees and Other Charges. (a) The Each Borrower will pay a fee (“Letter of Credit Fees”) on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin Percentage then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityTerm SOFR Loans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, in accordance with the Fee Letter (or as separately agreed between the relevant Borrower and any Issuing Lender) the relevant Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the relevant Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Virginia Electric & Power Co)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the such Borrower shall pay to the relevant applicable Issuing Lender for its own account a fronting fee in an amount agreed by the Company and such Issuing Lender on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In Unless otherwise specifically agreed with an Issuing Lender, in addition to the foregoing fees, the each Borrower shall pay or reimburse each such Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (First Solar, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all each outstanding Letters Letter of Credit requested by it, at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility on the face amount of such Letter of Credit, which fee shall be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable face amount of all outstanding Letters of Credit issued by it at a rate to the Borrower of 0.25% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary reasonable and documented out-of-pocket costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit requested by the Borrower.

Appears in 1 contract

Samples: First Lien Credit Agreement (Vertrue Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility (less the percentage per annum at which the Fronting Fee is paid in respect of such Letter of Credit), shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee (the "Fronting Fee") on the aggregate drawable amount of all outstanding Letters of Credit issued by it calculated at a rate per annum equal to be agreed upon by such Issuing Lender and the Borrower0.25%, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Petroleum Corp /New/)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Seven-Year Revolving Credit Facility, shared ratably among the Seven-Year Revolving Credit Lenders in accordance with their respective Seven-Year Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its such Issuing Lender's own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it such Issuing Lender at a rate per annum to be agreed upon by the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityEurodollarTerm Benchmark Loans, shared ratably among the Revolving Credit Lenders (other than Defaulting Lenders to the extent provided in Section 2.20) in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum in an amount to be agreed upon by between the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending amending, extending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (PACIFIC GAS & ELECTRIC Co)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect from time to time with respect to Eurodollar Loans under the Revolving Credit FacilityLIBOR Loans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrowerit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Henry Schein Inc)

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Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityTerm Benchmark Loans, shared ratably among the Revolving Credit Lenders (other than Defaulting Lenders to the extent provided in Section 2.20) in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum in an amount to be agreed upon by between the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending amending, extending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (PG&E Corp)

Fees and Other Charges. (a) The Borrower will pay a fee (“Letter of Credit Fees”) on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin Percentage then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, in accordance with the Fee Letter (or as separately agreed between the Borrower and any Issuing Lender) the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Dominion Energy Midstream Partners, LP)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of all its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all its outstanding Letters of Credit issued by it at a rate per annum in an amount to be agreed upon by in writing between such Issuing Lender Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the relevant Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (General Growth Properties Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Standby Letters of Credit and Commercial Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) The Borrower will pay a fee on all outstanding Performance Standby Letters of Credit at a per annum rate equal to 50% of the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (c) In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 1/4 of 1% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the Issuance Date. (d) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Dames & Moore Group)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at of a rate percentage per annum to be agreed upon by the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (K&f Industries Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the applicable issuance date of such Letters of Creditdate. In addition, the Borrower shall will pay to the relevant each Issuing Lender for its own account a fronting fee accruing at the rate of 0.25% per annum (based on actual days elapsed in a 360-day year) on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrowerfor each day on which such Letter of Credit is outstanding, payable quarterly in arrears on each L/C Fee Payment Date after the applicable issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal normal, customary and customary reasonable costs and out-of-pocket expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Innophos Holdings, Inc.)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable undrawn face amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower Borrowers shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn face amount of all outstanding Letters of Credit issued by it at a rate of 1/4 of 1% per annum to or such other rate as shall be agreed upon by such between the Issuing Lender and the BorrowerBorrowers, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued by it.

Appears in 1 contract

Samples: Senior Credit Agreement (Abry Holdings Iii Inc)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Revolving Credit Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay to the Issuing Lender for its own account a fronting fee for each outstanding Letter of Credit, equal to the greater of (x) 1/4 of 1.00% per annum on the aggregate drawable amount of such Letter of Credit and (y) $500. Such fronting fees shall be payable quarterly in arrears on each L/C Fee Payment Date and shall be nonrefundable. (c) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages of the Revolving Credit Facility and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum equal to be agreed upon by such Issuing Lender and 0.125% on the Borrowerface amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) . In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (National CineMedia, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters for each standby Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLIBOR Rate Loans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee in a per annum amount rate equal to 0.125 percent on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each standby Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) Borrower will pay a one-time, nonrefundable fee for each commercial Letter of Credit (to be shared ratably among Lenders), as well as customary issuance and documentation review costs, in amounts to be agreed upon by Borrower and Issuing Lender at the time of issuance. (c) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Getty Images Inc)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar EurocurrencyTerm Benchmark Loans under the Revolving Credit Facility, less the amount of fronting fee referred to in the next sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower Borrowers shall pay to the relevant each Issuing Lender for its own account a fronting fee of 0.125% per annum (or such lower fee as the Issuing Lenders may agree) on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding such Issuing Lender’s Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and outstanding during the Borrowerapplicable period, payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each such Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. Such costs and expenses shall be due and payable within three (3) Business Days of demand and nonrefundable.

Appears in 1 contract

Samples: First Lien Credit Agreement (Powerschool Holdings, Inc.)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facilitythen in effect, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date (such fees, the “Letter of such Letters of CreditCredit Fees”). In addition, the Borrower Borrowers shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate equal to .125% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. (c) The Borrowers hereby agree that accrued and unpaid “letter of credit fees” in an amount equal to $88,078.06 due and owing to certain Lenders under Section 3.3(a) of the Existing Credit Agreement as of the First Amendment Effective Date shall be paid in full in cash by the Borrowers to the Administrative Agent, for the benefit of the Revolving Credit Lenders under the Existing Credit Agreement on the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect from time to time with respect to Eurodollar Loans under the Revolving Credit FacilityLIBOR Loans, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). In addition, the Borrower Borrowers shall pay to the relevant each Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrowerit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate (it being understood that with respect to the Existing Letters of Credit, the issuance date shall be deemed to be the Closing Date). (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Henry Schein Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all each outstanding Letters Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all each outstanding Letters Letter of Credit issued by it calculated at a rate per annum to be agreed upon by such Issuing Lender the Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corp of America)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility (less the percentage per annum at which the Fronting Fee is paid in respect of such Letter of Credit), shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages in effect on each day in respect of which such fee accrues and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee (the "Fronting Fee") on the aggregate drawable amount of all outstanding Letters of Credit issued by it calculated at a rate per annum equal to be agreed upon by such Issuing Lender and the Borrower0.25%, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Petroleum Corp /New/)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Tranche A Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility (minus the fronting fee referred to below in this clause (a)), on the face amount of such Tranche A Letter of Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages Funding Parties and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Tranche A Issuing Lender for its own account a fronting fee on the aggregate drawable face amount of all outstanding Tranche A Letters of Credit issued by it at a rate of 0.25% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Tranche A Issuing Lender for such normal normal, customary and customary costs and reasonable out-of-pocket expenses as are incurred or charged by such the Tranche A Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Tranche A Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Vought Aircraft Industries Inc)

Fees and Other Charges. (a) The Subject to Section 2.18(d)(iii), each Borrower will agrees to pay a fee on the aggregate drawable amount all of all its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the applicable Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing DocID \\DC - 036150/000014 - 15261895 v6 Lender and the Borroweron its behalf, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the applicable Borrower shall agrees to pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Colony Capital, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the ---------------------- aggregate drawable amount of all each outstanding Letters Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all each outstanding Letters Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender the Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Infonet Services Corp)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Term Benchmark Loans under the Revolving Credit Facility, less the amount of fronting fee referred to in the next sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower Borrowers shall pay to the relevant each Issuing Lender for its own account a fronting fee of 0.125% per annum (or such lower fee as the Issuing Lenders may agree) on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding such Issuing Lender’s Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and outstanding during the Borrowerapplicable period, payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each such Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. Such costs and expenses shall be due and payable within three (3) Business Days of demand and nonrefundable.

Appears in 1 contract

Samples: Incremental and Refinancing Amendment (Powerschool Holdings, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee to the Administrative Agent for the ratable benefit of the Revolving Lenders, on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Administrative Agent for the account of the Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued as agreed by it at a rate per annum to be agreed upon by such Issuing Lender the Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Claires Stores Inc)

Fees and Other Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it such Issuing Lender for the Borrower’s account at a rate per annum to be agreed upon by the Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the date of issuance dateof such Letter of Credit (unless otherwise agreed in writing by the Issuing Lender and the Borrower). (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Symetra Financial CORP)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable face amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters Letter of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at of a rate percentage per annum to be agreed upon by such Issuing Lender the Borrower and the Borrowerrelevant Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateof date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Gentiva Health Services Inc)

Fees and Other Charges. (a) The Parent Borrower or the ---------------------- Subsidiary Borrower, as the case may be, will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Parent Borrower or the Subsidiary Borrower, as the case may be, shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the BorrowerCredit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateIssuance Date. (b) In addition to the foregoing fees, the Parent Borrower or the Subsidiary Borrower, as the case may be, shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Act Manufacturing Inc)

Fees and Other Charges. (a) The Borrower will pay to the ---------------------- Administrative Agent, for the account of the Revolving Credit Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Credit. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.125% per annum on the aggregate drawable amount of all outstanding Letters of Credit. Such fronting fees shall be payable quarterly in arrears on each L/C Fee Payment Date and shall be nonrefundable. (c) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate drawable amount of all its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all its outstanding Letters of Credit issued by it at a rate per annum in an amount, if any, to be agreed upon by in writing between such Issuing Lender Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the relevant Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender Lender, if any, in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (General Growth Properties Inc)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facilitythen in effect, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date (such fees, the "Letter of such Letters of CreditCredit Fees"). In addition, the Borrower Borrowers shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate equal to .125% per annum to be agreed upon by such Issuing Lender and the Borrowerannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. (c) The Borrowers hereby agree that accrued and unpaid “letter of credit fees” in an amount equal to $11,367.73 due and owing to certain Lenders under Section 3.3(a) of the Existing Credit Agreement as of the Third Restatement Effective Date shall be paid in full in cash by the Borrowers to the Administrative Agent, for the benefit of the Revolving Credit Lenders under the Existing Credit Agreement on the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Fees and Other Charges. (a) The Each Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable daily amount of available to be drawn under all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable average daily amount of available to be drawn under all outstanding Letters of Credit issued by it such Issuing Lender for such Borrower's account at a rate per annum to be agreed upon by the Borrowers and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the date of issuance date.of such Letter of Credit (unless otherwise agreed in writing by the Issuing Lender and the Borrower). For purposes of computing the average daily amount available to be drawn under the Letters of Credit, the amount of such Letters of Credit shall be determined in accordance with Section 1.3 (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Fees and Other Charges. (a) The Borrower Borrowers will pay a fee on the aggregate drawable amount of all outstanding Letters Letter of Credit amounts as described in Section 3.9 hereof at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar EurodollarTerm SOFR Loans under the Revolving Credit Facility, less the amount of fronting fee referred to in the next sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower Borrowers shall pay to the relevant applicable Issuing Lender for its own account a fronting fee which shall be the greater of $500 per annum and 0.125% per annum (or such lower fee as the applicable Issuing Lender may agree) on the aggregate drawable amount of all outstanding Letters Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and amounts as described in Section 3.9 hereof during the Borrowerapplicable period, payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower Borrowers shall pay or reimburse each such Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. Such costs and expenses shall be due and payable on demand and nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Emerald Holding, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, less the amount of fronting fee referred to in the next sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.125% per annum (or such lower fee as the Issuing Lender may agree) on the actual aggregate drawable daily undrawn and unexpired amount of all outstanding such Issuing Lender’s Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and outstanding during the Borrowerapplicable period, payable quarterly in arrears on each L/C applicable Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each such Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. Such costs and expenses shall be due and payable on demand and nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Expo Event Holdco, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the daily aggregate drawable amount Stated Amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit Facility, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender L/C Arranger for its own the account of the L/C Arranger a fronting fee on the aggregate drawable amount aggregated Stated Amount of all outstanding Letters of Credit issued by it such Issuing Lender calculated at a rate per annum equal to be agreed upon by such Issuing Lender and the Borrower0.50%, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateissuance. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the L/C Arranger and each Issuing Lender Lender, without duplication, for such normal and customary costs commissions, costs, fees and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending amending, extending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: First Lien Credit Agreement (New World Restaurant Group Inc)

Fees and Other Charges. (a) The Each Borrower will pay to the Administrative Agent, for the account of the Lenders, a fee on the aggregate drawable amount of all outstanding Letters of Credit issued for its account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityLoans, to be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it such Issuing Lender for such Borrower's account at a rate per annum to be agreed upon by such Borrower and such Issuing Lender and the BorrowerLender, payable quarterly in arrears on each L/C Fee Payment Date after the date of issuance dateof such Letter of Credit. (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for the account of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Credit FacilityFacility less the fronting fee set forth in the succeeding sentence, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant each Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender computed at the rate of 0.125% per annum and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (IAA, Inc.)

Fees and Other Charges. (a) The Each Borrower will pay a fee on the aggregate daily average drawable amount of all outstanding Letters of Credit issued for such Borrower's account at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Credit Multicurrency Facility, shared ratably among the Revolving Credit Multicurrency Lenders in accordance with their respective Revolving Credit Multicurrency Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of any such Letters Letter of Credit. In addition, the each Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate daily average drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon for such Borrower's account by such Issuing Lender and the Borrowerof 1/4 of 1% per annum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance datedate of any such Letter of Credit. (b) In addition to the foregoing fees, the each Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit issued for such Borrower's account.

Appears in 1 contract

Samples: Credit Agreement (Premier Parks Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at a per annum rate equal to the product of (i) the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility and (ii) the average daily maximum aggregate amount available to be drawn under all Letters of Credit Facilityduring the fiscal quarter then ended, shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letters of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable undrawn and unexpired amount of all outstanding Letters each Letter of Credit issued as agreed by it at a rate per annum to be agreed upon by such Issuing Lender the Borrower and the BorrowerIssuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Del Frisco's Restaurant Group, LLC)

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