Fees, Commissions and Other Charges. (a) The Company will pay to the Agent, for the account of the L/C Participants to be shared by them ratably in accordance with their respective Commitment Percentages, a fee on the 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; such fee shall be payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. In addition, the Company shall pay to the Issuing Bank for its own account a fronting fee in an amount to be agreed with such Issuing Bank on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. (b) In addition to the foregoing fees, the Company shall pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by the Issuing Bank in issuing, effecting payment under, amending or otherwise administering any Letter of Credit. (c) The Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the L/C Participants all fees received by the Agent for their respective accounts pursuant to this subsection. (d) Fees in subsection (a) above shall be computed on the basis of a 360-day year for the actual days elapsed.
Appears in 4 contracts
Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)
Fees, Commissions and Other Charges. (a) The Company will pay to the Agent, for the account of the L/C Participants to be shared by them ratably in accordance with their respective Commitment Percentages, a fee on the 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; such fee shall be payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. In addition, the Company shall pay to the Issuing Bank for its own account a fronting fee in an amount to be agreed with such Issuing Bank of 0.125% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit.
(b) In addition to the foregoing fees, the Company shall pay or reimburse the Issuing Bank for such normal and customary costs and expenses as are incurred or charged by the Issuing Bank in issuing, effecting payment under, amending or otherwise administering any Letter of Credit.
(c) The Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the L/C Participants all fees received by the Agent for their respective accounts pursuant to this subsection.
(d) Fees in subsection (a) above shall be computed on the basis of a 360-day year for the actual days elapsed.
Appears in 2 contracts
Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)
Fees, Commissions and Other Charges. (a) The Company will pay to the Agent, for the account of the L/C Participants to be shared by them ratably in accordance with their respective Commitment Percentages, a fee on the 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; such fee shall be payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. In addition, the Company shall pay to the each Issuing Bank for its own account a fronting fee in an amount to be agreed with such Issuing Bank on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit.
(b) In addition to the foregoing fees, the Company shall pay or reimburse the each Issuing Bank for such normal and customary costs and expenses as are incurred or charged by the such Issuing Bank in issuing, effecting payment under, amending or otherwise administering any Letter of Credit.
(c) The Agent shall, promptly following its receipt thereof, distribute to the each Issuing Bank and the L/C Participants all fees received by the Agent for their respective accounts pursuant to this subsection.
(d) Fees in subsection (a) above shall be computed on the basis of a 360-day year for the actual days elapsed.
Appears in 2 contracts
Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)
Fees, Commissions and Other Charges. (a) The Company will pay to the Agent, for the account of the L/C Participants to be shared by them ratably in accordance with their respective Commitment Percentages, a fee on the 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; such fee shall be payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. In addition, the Company shall pay to the each Issuing Bank for its own account a fronting fee in an amount to be agreed with such Issuing Bank on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit.
(b) In addition to the foregoing fees, the Company shall pay or reimburse the each Issuing Bank for such normal and customary costs and expenses as are incurred or charged by the such Issuing Bank in issuing, effecting payment under, amending or otherwise administering any Letter of Credit.
(c) The Agent shall, promptly following its receipt thereof, distribute to the each Issuing Bank and the L/C Participants all fees received by the Agent for their respective accounts pursuant to this subsection.
(d) Fees in subsection (a) above shall be computed on the basis of a 360-day year for the actual days elapsed.
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Fees, Commissions and Other Charges. (a) The Company will shall pay to the Administrative Agent, for the account of the L/C Participants Lenders (including the Issuing Bank) pro rata according to be shared by them ratably in accordance with their respective Commitment Percentages, a fee on the undrawn and unexpired amount letter of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect credit commission with respect to Eurodollar Loans; such fee shall be payable quarterly in arrears on each Fee Payment Date after the issuance date of the applicable Letter of Credit. In addition, the Company shall pay to the Issuing Bank for its own account a fronting fee in an amount to be agreed with such Issuing Bank on the undrawn and unexpired amount of each Letter of Credit, computed at a rate equal to the then Applicable Margin for Eurocurrency Loans on the daily average undrawn face amount of such Letter of Credit. Such commissions shall be payable quarterly in arrears on the last Business Day of each Fee Payment Date March, June, September and December to occur after the issuance date of the applicable issuance of each Letter of Credit.
(b) 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 a fronting fee of 0.125% per annum on the aggregate drawable amount of all outstanding Letters of Credit issued by such Issuing Bank. Such fronting fees shall be paid quarterly in arrears and shall be nonrefundable.
(b) In addition to the foregoing fees and commissions, the Company shall pay or reimburse the relevant Issuing Bank for such normal and customary costs and expenses as are incurred or charged by the such Issuing Bank in issuing, effecting payment under, amending or otherwise administering any such Letter of Credit.
(c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Bank and the L/C Participants Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.
(d) Fees in subsection (a) above shall be computed on the basis of a 360-day year for the actual days elapsed.
Appears in 1 contract
Samples: Credit Agreement (Harman International Industries Inc /De/)