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.
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Fees, Commissions and Other Charges. (a) The Borrower agrees that it will shall pay to the Administrative Agent, for the account of each Lender, a commission on letter of credit fee with respect to each Letter of Credit, computed for the outstanding period from and including the date of issuance of such Letter of Credit to the date such Letter of Credit is no longer outstanding, computed at the a percentage rate per annum equal to the Applicable Margin in effect for Revolving Credit from time to time applicable to Loans bearing interest at the Eurodollar Loans per annum Rate, calculated on the basis of a 360-day year, of the face aggregate average daily amount of available to be drawn under 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 period as to which payment of the Issuing Lender; such commission and fronting fee will be is made, payable quarterly in arrears on each L/C Fee Payment Date after to occur while such Letter of Credit remains outstanding and on the issuance datedate such Letter of Credit expires, is cancelled or is drawn upon. Such fee shall be nonrefundable.
(b) In addition to the foregoing fees and commissionsfees, the Borrower agrees that it shall pay or reimburse to the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender fees set forth in issuing, negotiating, effecting payment under, amending or otherwise administering the Letter of CreditNationsBank Fee Letter.
(c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing each Lender and the L/C Participants all fees and commissions received by the Administrative Agent for their respective accounts each such Lender's account pursuant to this Section.
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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.
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Samples: Credit Agreement (Asi Solutions Inc)
Fees, Commissions and Other Charges. (a) The Borrower agrees that it will 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 CreditAgent, 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 3.00% 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. 0.25% of such fee shall be payable quarterly to the Issuing Bank, and the remaining 2.75% of such fee shall be payable to the L/C Participants to be shared ratably among them in arrears accordance with their respective Commitment Percentages. Such commissions shall be payable in 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 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.
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Fees, Commissions and Other Charges. (a) The Borrower agrees that it will Company shall pay to ----------------------------------- the Agent a commission on letter of credit facility fee (the outstanding "L/C Fee"), upon issuance of a Letter of Credit at the rate Credit, in an amount equal to the Applicable Margin in effect for Revolving Credit Eurodollar Loans per annum product of (i) the face amount of such Letter of Credit, times (ii) the applicable Letter of Credit Rate, times (iii) the term of such Letter of Credit, expressed as a fraction equal to the number of days of such term divided by 360. In the event any Letter of Credit is terminated or the available credit thereunder is permanently reduced prior to the stated expiry date thereof, the Company shall be entitled to a rebate of that portion of the L/C Fee paid with respect to such Letter of Credit which will is allocable pro rata to the portion of the Letter of Credit that has been terminated or reduced, as the case may be, as determined by the Issuing Bank. Each L/C Fee payable under this subsection 3.3 shall be shared ratably among the Revolving Credit Lenders Banks 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 dateCommitment Percentages.
(b) In addition to the foregoing fees and commissionsL/C Fees, the Borrower agrees that it Company 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, negotiatingprocessing, 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.
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Samples: Credit Agreement (Dairy Mart Convenience Stores Inc)
Fees, Commissions and Other Charges. (a) The Borrower agrees that it will 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 CreditAgent, 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 quarterly in arrears for the period from the date of issuance of such commission and fronting Letter of Credit to the termination or expiration thereof at the rate per annum equal to the Applicable Margin then in effect for Eurodollar loans, calculated on the basis of a 365 (or 366-, as the case may be) year, of the daily average available amount under such Letter of Credit during the period for which such fee will is calculated. Such commissions shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance dateDate.
(b) In addition to the foregoing fees and commissions, the Borrower agrees that it 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.
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