Common use of Fees, Commissions and Other Charges Clause in Contracts

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Administrative Agent, for the account of the Banks (including the Issuing Bank) pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified Borrower. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Arrow Electronics Inc), Five Year Credit Agreement (Arrow Electronics Inc), Credit Agreement (Arrow Electronics Inc)

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Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder The Company shall pay to the Administrative Agent, for the account of the Banks Domestic Lenders (including the relevant Issuing Bank) pro rata according to their respective Commitment Percentages of the Domestic Revolving Commitment PercentagesCredit Commitments, a letter of credit commission with respect to each Letter of Credit, computed at a rate per annum equal to the then Applicable Margin for Committed Rate Eurocurrency Eurodollar Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions commission shall be payable in arrears on the last Business Day day of each March, June, September and December to occur after the date of issuance of each such Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. On each date upon which the Company pays to the Agent letter of credit commissions pursuant to this subsection 4.3(a), the Company shall also pay to the relevant Issuing Bank a fronting fee with respect to each Letter of Credit, computed at a rate per annum equal to 1/8 of 1% on the daily average undrawn face amount of such Letter of Credit. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder the Company shall (i) pay or reimburse the relevant Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the such Issuing Bank such other fees as shall be agreed by the such Issuing Bank and such Specified Borrowerthe Company. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the relevant Issuing Bank and the Banks Domestic Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Remington Products Co LLC), Credit and Guarantee Agreement (Remington Products Co LLC)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder The Company shall pay to the Administrative Agent, for the account of the Banks Lenders (including the Issuing Bank) in Dollars pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of available to be drawn under such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each such Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. In addition to the foregoing fees, the Company shall pay to each Issuing Bank for its own account in Dollars a fronting fee of 0.125% per annum on the aggregate undrawn and unexpired amount of all outstanding Letters of Credit issued by such Issuing Bank. Such fronting fees shall be payable in arrears on the last Business Day of each March, June, September and December shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder the Company shall (i) pay or reimburse the relevant Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 2 contracts

Samples: Credit Agreement (Harman International Industries Inc /De/), Credit Agreement (Harman International Industries Inc /De/)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder The Company shall pay to the Administrative Agent, for the account of the Banks Lenders (including the Issuing Bank) in Dollars pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of available to be drawn under such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each such Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. In addition to the foregoing fees, the Company shall pay to each Issuing Bank for its own account in Dollars a fronting fee of 0.125% per annum on the aggregate undrawn and unexpired amount of all outstanding Letters of Credit issued by such Issuing Bank. Such fronting fees shall be payable in arrears on the last Business Day of each March, June, September and December and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder the Company shall (i) pay or reimburse the relevant Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Multi Currency Credit Agreement (Harman International Industries Inc /De/)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a In connection with each Letter of Credit is issued hereunder shall Credit, the Borrower hereby covenants to pay to the Administrative AgentAgent the following fees, each payable quarterly in arrears on each L/C Fee Payment Date following the issuance of any Letter of Credit: (i) a fee, payable to the Administrative Agent for the account of the Banks (including L/C Participants and the Issuing Bank, computed daily on the amount of the Letter of Credit issued and outstanding at a rate per annum equal to the Applicable Margin for Eurodollar Loans in effect from time to time and (ii) pro rata according a fee, payable to their Revolving Commitment Percentagesthe Issuing Bank for its own account, computed daily on the amount of the Letter of Credit issued and outstanding at a letter rate per annum of credit commission 0.08%. It is understood and agreed that the last installment of the fees provided for in this clause (a) with respect to each any particular Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans Credit shall be due and payable on the daily average undrawn face amount tenth day of the calendar quarter following the return or expiration, undrawn, or cancellation of such Letter of Credit. Such commissions shall be payable , but in arrears on no event later than the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundableTermination Date. (b) In addition to the foregoing fees and commissionsfees, each Specified the Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such the Issuing Bank in issuing, effecting payment under, amending or otherwise administering such any Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsectionSection.

Appears in 1 contract

Samples: Credit Agreement (Urban Shopping Centers Inc)

Fees, Commissions and Other Charges. (a) Each Specified The Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Administrative Agent, for the account of the Banks Lenders (including the Issuing Bank) pro rata according to their Revolving respective Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Eurodollar Loans on the daily average undrawn face amount of such Letter of CreditCredit (computed on the basis of the actual number of days such Letter of Credit is outstanding in a year of 360 days). Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit Credit, and on the expiration Termination Date or such earlier date as the Commitments are terminated, and shall be nonrefundable. The Borrower shall also pay to the Agent, for the account of the Issuing Bank, in respect of each Letter of Credit issued by the Issuing Bank a fronting fee for the period from and including the date of issuance of such Letter of Credit to and including the date of termination of such Letter of Credit computed at the rate of .125% per annum on the daily average undrawn face amount of such Letter of Credit (computed on the basis of the actual number of days such Letter of Credit is outstanding in a year of 360 days). The fees described in the preceding sentence shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year and on the Termination Date or such earlier date as the Commitments are terminated and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified the Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such the Issuing Bank in issuing, effecting payment under, amending or otherwise administering such any Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Transaction Network Services Inc)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Applicable Administrative Agent, for the account of the Banks (including the Issuing Bank) pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified Borrower. (c) The Applicable Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks all fees and commissions received by the Applicable Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

Fees, Commissions and Other Charges. (ai) Each Specified Borrower for whose account a Letter of Credit is issued hereunder The Company shall pay to the Administrative Agent, for the account of the Banks Original Tranche Lenders and the Extended Tranche Lenders (including the Issuing Bank) in Dollars pro rata according to their Revolving Original Tranche Commitment Percentages or Extended Tranche Commitment Percentages, as the case may be, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to (i) in the case of each Original Tranche Lender, the then Applicable Margin for Committed Rate Original Tranche Eurocurrency Loans and (ii) in the case of each Extended Tranche Lender, the then Applicable Margin for Extended Tranche Eurocurrency Loans, in each case on the Lenders’ respective Commitment Percentages of the daily average undrawn face amount of available to be drawn under such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each such Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. (b) . In addition to the foregoing fees and commissionsfees, the Company shall pay to each Specified Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal its own account in Dollars a fronting fee of 0.125% per annum on the aggregate undrawn and customary costs and expenses as are incurred or charged unexpired amount of all outstanding Letters of Credit issued by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other Bank. Such fronting fees as shall be agreed by payable in arrears on the Issuing Bank last Business Day of each March, June, September and such Specified BorrowerDecember shall be nonrefundable. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Multi Currency, Multi Option Credit Agreement (Harman International Industries Inc /De/)

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Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Administrative Agent, for the account of the Banks (including the Issuing Bank) pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified Borrower.. 2005 Arrow Electronics Credit Agreement (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder The Parent shall (i) pay to the Administrative Agent, Agent for the account of the Banks (including L/C Participants, and for the account of the Issuing Bank) pro rata according to their Revolving Commitment PercentagesBank in respect of the portion of such Letter of Credit in respect of which L/C Participants do not hold participating interests, a letter of credit commission fee with respect to each Letter of Credit (including, without limitation, Existing Letters of Credit) issued for the account of the Parent for each day such Letter of Credit is outstanding, computed at a rate in an amount equal to a percentage per annum (which percentage shall equal the then Applicable Margin for Committed Rate Eurocurrency Loans in effect on such day) of the daily average undrawn face full amount of such Letter of Credit, accruing from the date of issuance in respect of each Letter of Credit and (ii) pay to the Issuing Bank an additional fee to be determined by the Parent and the Issuing Bank. Such commissions Unless the Parent and the Issuing Bank shall agree otherwise, such fees shall be payable in arrears on the last Business Day of each March, June, September and December L/C Fee Payment Date to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundableoccur. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder the Parent shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such the Issuing Bank in issuing, effecting payment under, amending or otherwise administering such any Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Sybron International Corp)

Fees, Commissions and Other Charges. (a) Each Specified The Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Administrative Agent, for the account of the Banks (including Issuing Lender and the Issuing Bank) pro rata according to their Revolving Commitment Percentagesrelevant Participating Lenders, a letter of credit commission with respect to each Letter of Credit, computed at a rate in an amount equal to 1/8 of 1% plus the then Applicable Margin for Committed applicable to Revolving Credit Loans or (in the case of Assumed Letters of Credit) Tranche B Term Loans, as the case may be, bearing interest at the Eurodollar Rate Eurocurrency Loans on of the average daily average undrawn face amount of such Letter of Credit. Such commissions shall be , payable quarterly in arrears on the last Business Day day of each of March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration last day of the Revolving Credit Commitment Period or the date on which all Assumed Letters of Credit cease to be outstanding, as the case may be. A portion of such commission equal to 1/8 of 1% of the average daily face amount of such Letter of Credit shall be payable to the Issuing Lender for its own account, and the remaining portion of such commission shall be payable to the relevant Participating Lenders to be shared ratably among them in accordance with their respective Revolving Credit Commitment Percentages or Assumed Letter of Credit Percentages, as the case may be. Such commission shall be nonrefundable. (ba) In addition to the foregoing fees and commissions, each Specified the Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank Lender for such normal and customary costs and expenses as are incurred or charged by such the Issuing Bank Lender in issuing, effecting payment under, amending or otherwise administering such any Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified BorrowerCredit. (cb) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank Lender and the Banks relevant Participating Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Wire Harness Industries Inc)

Fees, Commissions and Other Charges. (a) Each Specified Borrower for whose account a Letter of Credit is issued hereunder shall pay to the Administrative Agent, for the account of the Banks (including the Issuing Bank) pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions shall be payable in arrears on the last Business Day of each March, June, September and December to occur after the date of issuance of each Letter of Credit and on the expiration date of such Letter of Credit and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, each Specified Borrower for whose account a Letter of Credit is issued hereunder shall (i) pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such Letter of Credit and (ii) pay the Issuing Bank such other fees as shall be agreed by the Issuing Bank and such Specified Borrower. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the Banks all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.. Arrow Electronics Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

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