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

Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to pay to the Administrative Agent, for the account of the Issuing Lender and the Participating Lenders, a letter of credit commission with respect to each Letter of Credit, in an amount equal to the Applicable Margin applicable to Revolving Credit Loans bearing interest at the Eurodollar Rate of the average daily face amount of such Letter of Credit, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Commitment Termination Date. 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 Issuing Lender and the Revolving Credit Lenders to be shared ratably among them in accordance with their respective Revolving Percentages. Such commissions shall be nonrefundable. (b) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to 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, effecting payment under, amending or otherwise administering any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the 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 (International Wire Group Inc)

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Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to relevant Borrower shall pay to the Multicurrency Administrative Agent, for the account of the Issuing Lender and the Participating Multicurrency Revolving Credit Lenders, a letter of credit commission with respect to each Multicurrency Letter of Credit, in an amount equal to 1/8 of 1% plus the Applicable Margin applicable to Multicurrency Revolving Credit Loans bearing interest at the Eurodollar Eurocurrency Rate of the average daily face amount of such Multicurrency Letter of Credit, payable quarterly in arrears on the last day of each of March, June, September and December and on the Scheduled Revolving Credit Commitment Termination Date. A portion of such commission equal to 1/8 of 1% of the average daily face amount of such Multicurrency 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 Issuing Lender and the Multicurrency Revolving Credit Lenders to be shared ratably among them in accordance with their respective Multicurrency Revolving Credit Commitment Percentages. Such commissions commission shall be nonrefundable. (b) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to relevant Borrower 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, effecting payment under, amending or otherwise administering any Multicurrency Letter of Credit. (c) The Multicurrency Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the Participating Multicurrency Revolving Credit Lenders all fees and commissions received by the Multicurrency Administrative Agent for their respective accounts pursuant to this subsection.

Appears in 1 contract

Samples: Credit Agreement (Viasystems Group Inc)

Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the Participating LendersL/C Participants, a letter of credit commission fee with respect to each Letter of Credit, in an amount computed for the period from and including the date of issuance of such Letter of Credit to the expiration date of such Letter of Credit at a rate per annum equal to the Applicable Margin applicable to then in effect for Eurodollar Revolving Credit Loans bearing interest at the Eurodollar Rate Loans, of the average daily aggregate face amount of such Letter Letters of CreditCredit outstanding, payable quarterly in arrears on the last day of each March, June, September and December L/C Fee Payment Date and on the Revolving Credit Commitment Termination Date. A portion of such commission equal to 1/8 of 1% of the average daily face amount of such Letter of Credit Such fee shall be payable to the Issuing Lender for its own account, and the remaining portion of such commission shall be payable to the Issuing Lender and the Revolving Credit Lenders Administrative Agent to be shared ratably among them the Lenders in accordance with their respective Revolving Credit Commitment Percentages. Such commissions In addition, the Borrower shall be nonrefundablepay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee equal to 1/8% per annum of the aggregate face amount of outstanding Letters of Credit, payable in advance upon the issuance of each Letter of Credit and on each anniversary thereof if renewed. (b) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to Borrower 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, effecting payment under, amending or otherwise administering any Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the Participating Lenders 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 (Capstar Hotel Co)

Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to US Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the Participating US Revolving Credit Lenders, a letter of credit commission with respect to each US Letter of Credit, in an amount equal to 1/8 of 1% plus the Applicable Margin applicable to US Revolving Credit Loans bearing interest at the Eurodollar Eurocurrency Rate of the average daily face amount of such US Letter of Credit, payable quarterly in arrears on the last day of each of March, June, September and December and on the Scheduled Revolving Credit Commitment Termination Date. A portion of such commission equal to 1/8 of 1% of the average daily face amount of such US 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 Issuing Lender and the US Revolving Credit Lenders to be shared ratably among them in accordance with their respective US Revolving Credit Commitment Percentages. Such commissions commission shall be nonrefundable. (b) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to US Borrower 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, effecting payment under, amending or otherwise administering any US Letter of Credit. (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the Participating US Revolving Credit 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 (Viasystems Group Inc)

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Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the Participating Lenders, a letter of credit commission with respect to each Letter of Credit, in an amount Credit for each day at a per annum rate equal to the Applicable Margin applicable to Revolving Credit Loans bearing interest at the Eurodollar Rate of the average daily face amount of such Letter of Credit, payable quarterly monthly in arrears on the last day of each March, June, September and December month and on the Revolving Credit Commitment Termination Date. A portion of such commission equal to 1/8 1/4 of 1% of the average daily face amount of such Letter of Credit shall be payable as a fronting fee to the Issuing Lender for its own account, and the remaining portion of such commission shall be payable to the Issuing Lender and the Revolving Credit Lenders to be shared ratably among them in accordance with their respective Revolving Commitment Percentages. Such commissions shall be nonrefundable. (ba) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to Borrower 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, effecting payment under, amending or otherwise administering any Letter of Credit. (cb) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the Participating Lenders all fees and commissions received by the Administrative Agent for their respective accounts pursuant to this subsection.Section 3.3. 36

Appears in 1 contract

Samples: Credit Agreement (Cooperative Computing Inc /De/)

Fees, Commissions and Other Charges. (a) The Borrowers jointly and severally agree to Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the relevant Participating Lenders, a letter of credit commission with respect to each Letter of Credit, in an amount equal to 1/8 of 1% plus the Applicable Margin 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 of the average daily face amount of such Letter of Credit, payable quarterly in arrears on the last day of each of March, June, September and December and on the last day of the Revolving Credit Commitment Termination DatePeriod 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 Issuing Lender and the Revolving Credit 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 commissions commission shall be nonrefundable. (ba) In addition to the foregoing fees and commissions, the Borrowers jointly and severally agree to Borrower 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, effecting payment under, amending or otherwise administering any Letter of Credit. (cb) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the 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)

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