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

Fees, Commissions and Other Charges. (a) The Borrower agrees that it will pay a commission on the outstanding Letter of Credit at the rate equal to the Applicable Margin in effect for Revolving Credit Eurodollar Loans per annum of the face amount of such Letter of Credit, which will be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages, plus a fronting fee in a per annum percentage agreed to by the Borrower and the Issuing Lender, which will be payable for the account of the Issuing Lender; such commission and fronting fee will be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees and commissions, the Borrower agrees that it shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering the Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Fpa Medical Management Inc)

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Fees, Commissions and Other Charges. (a) The applicable Borrower agrees that it will shall (i) pay a commission on to the outstanding Administrative Agent for the account of the L/C Participants, and for the account of the relevant Issuing Bank in respect of the portion of such Letter of Credit at in respect of which L/C Participants do not hold participating interests, a fee with respect to each Letter of Credit (including, without limitation, Existing Letters of Credit) issued for the rate account of such Borrower for each day such Letter of Credit is outstanding, in an amount equal to a percentage per annum (which percentage shall equal the Applicable Eurodollar Margin in effect for respect of Eurodollar Revolving Credit Eurodollar Loans per annum in effect on such day) of the face full amount of such Letter of Credit, which will be shared ratably among accruing from the Revolving date of issuance in respect of each Letter of Credit Lenders in accordance with their respective Revolving Credit Percentages, plus and (ii) pay to such Issuing Bank for its own account a fronting fee in a of 0.25% per annum percentage agreed to by on the Borrower undrawn and the Issuing Lender, which will unexpired amount of each Letter of Credit. Such fees shall be payable for the account of the Issuing Lender; such commission and fronting fee will be payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateto occur. (b) In addition to the foregoing fees and commissions, the applicable Borrower agrees that it shall pay or reimburse the each Issuing Lender Bank for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender Bank in issuing, negotiating, effecting payment under, amending or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the relevant Issuing Lender Bank and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Sectionsubsection.

Appears in 1 contract

Samples: Credit Agreement (Apogent Technologies Inc)

Fees, Commissions and Other Charges. (a) The Borrower agrees that it will shall (i) pay a commission on to the outstanding Administrative Agent for the account of the L/C Participants, and for the account of the relevant Issuing Bank in respect of the portion of such Letter of Credit at in respect of which L/C Participants do not hold participating interests, a fee with respect to each Letter of Credit (including, without limitation, Existing Letters of Credit) issued for the rate account of the Borrower for each day such Letter of Credit is outstanding, in an amount equal to a percentage per annum (which percentage shall equal the Applicable Eurodollar Margin in effect for respect of Eurodollar Revolving Credit Eurodollar Loans per annum in effect on such day) of the face full amount of such Letter of Credit, which will be shared ratably among accruing from the Revolving date of issuance in respect of each Letter of Credit Lenders in accordance with their respective Revolving Credit Percentages, plus and (ii) pay to such Issuing Bank for its own account a fronting fee in a of 0.25% per annum percentage agreed to by on the Borrower undrawn and the Issuing Lender, which will unexpired amount of each Letter of Credit. Such fees shall be payable for the account of the Issuing Lender; such commission and fronting fee will be payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateto occur. (b) In addition to the foregoing fees and commissions, the Borrower agrees that it shall pay or reimburse the each Issuing Lender Bank for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender Bank in issuing, negotiating, effecting payment under, amending or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the relevant Issuing Lender Bank and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Sectionsubsection.

Appears in 1 contract

Samples: Credit Agreement (Sybron International Corp)

Fees, Commissions and Other Charges. (a) The Borrower agrees that it will shall pay to the Agent, for the account of the Issuing Lender and the Participating Lenders, a letter of credit commission on the outstanding Letter of Credit with respect to each Standby L/C and each Trade L/C calculated at the a rate per annum equal to the Applicable Margin in effect for Revolving Credit on Eurodollar Loans per annum of on the face amount of such Letter of Credit, which will . A portion of the commission equal to 1/4% per annum on the face amount of each Letter of Credit shall be payable to the Issuing Lender for its own account and the remaining amount shall be payable to the Issuing Lender and the Participating Lenders to be shared ratably among the Revolving Credit Lenders them in accordance with their respective Revolving Credit Commitment Percentages, plus a fronting fee in a per annum percentage agreed to by the Borrower and the Issuing Lender, which will be payable . The commission for the account each Letter of the Issuing Lender; such commission and fronting fee will Credit shall be payable quarterly in arrears on each L/C Fee Payment Date after March 31, June 30, September 30, and December 31 and upon the issuance datetermination of the Revolving Credit Commitments and based on the daily average undrawn amount of each Letter of Credit during the period for which payment is made. (b) In addition to the foregoing fees and commissions, the Borrower agrees that it shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending amending, negotiating charges or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants Participating Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Sectionsubsection.

Appears in 1 contract

Samples: Credit Agreement (Berg Electronics Corp /De/)

Fees, Commissions and Other Charges. (a) The Borrower agrees Borrowers jointly and severally agree that it they will pay a commission on the all outstanding Letter Standby Letters of Credit at the rate equal to the Applicable Margin in effect for Revolving Credit Eurodollar Loans of 3-1/2% per annum of the face amount of each such Letter of Credit, of which 1/4 of 1% per annum will be a fronting fee for the account of the Issuing Lender, and the remainder will be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit PercentagesPercentage, plus a fronting fee in a per annum percentage agreed to by the Borrower and the Issuing Lender, which will be payable for the account of the Issuing Lender; such commission and fronting fee will be payable quarterly monthly in arrears on each L/C Fee Payment Date after the issuance date. The Borrowers jointly and severally agree that they will pay a commission on all outstanding Commercial Letters of Credit at the rate of 3-1/2% per annum of the average daily face amount of such Letters of Credit during the period for which such payment is made, of which 1/4 of 1% per annum will be a fronting fee for the account of the Issuing Lender, and the remainder will be shared ratably among the Revolving Credit Lenders in accordance with the Revolving Credit Percentage, payable monthly in arrears on each L/C Fee Payment Date. (b) In addition to the foregoing fees and commissions, the Borrower agrees Borrowers jointly and severally agree that it they shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Kirklands Inc)

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Fees, Commissions and Other Charges. (a) The Borrower agrees that it will ASI shall pay a commission on the outstanding Letter of Credit at the rate equal to the Applicable Margin in effect for Revolving Credit Eurodollar Loans per annum of the face amount of such Letter of Credit----------------------------------- Administrative Agent, which will be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages, plus a fronting fee in a per annum percentage agreed to by the Borrower and the Issuing Lender, which will be payable for the account of the Issuing Lender; Bank and the L/C Participants, a letter of credit commission with respect to each Letter of Credit, computed for the period from the date of such commission and fronting payment to the date upon which the next such payment is due hereunder at the rate of 1.50% per annum, calculated on the basis of a 360 day year, of the aggregate amount available to be drawn under such Letter of Credit on the date on which such fee will is calculated. Such commissions shall be payable quarterly in arrears advance on the date of issuance of each Letter of Credit and on each L/C Fee Payment Date after the issuance dateto occur thereafter and shall be nonrefundable. (b) In addition to the foregoing fees and commissions, the Borrower agrees that it ASI shall pay or reimburse the Issuing Lender Bank for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender Bank in issuing, negotiating, effecting payment under, amending or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender Bank and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Sectionsubsection.

Appears in 1 contract

Samples: Credit Agreement (Asi Solutions Inc)

Fees, Commissions and Other Charges. (a) The Borrower agrees that it will pay a commission on the all outstanding Letter Letters of Credit at the a rate per annum equal to 1/8 of 1% above the Applicable Margin then in effect for with respect to Revolving Credit Loans that are Eurodollar Loans per annum of the face amount of each such Letter of Credit, of which 1/8 of 1% per annum will be a fronting fee for the account of the Issuing Lender, and the remainder will be shared ratably among the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages, plus a fronting fee in a per annum percentage agreed to by the Borrower and the Issuing Lender, which will be payable for the account of the Issuing Lender; such commission and fronting fee will be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. (b) In addition to the foregoing fees and commissions, the Borrower agrees that it shall pay or reimburse the Issuing Lender promptly upon demand for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, or amending or otherwise administering the any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Group Inc)

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