Fees in respect of Letters of Credit Sample Clauses

Fees in respect of Letters of Credit. (a) Each Borrower must pay direct to the Issuing Bank a fronting fee computed at the rate of 0.0625 per cent. in respect of each issued Letter of Credit. (b) Each Borrower must pay to the Facility Agent for each Tranche D Lender a letter of credit opening fee computed at the rate of 0.0625 per cent. in respect of each issued Letter of Credit which is not a standby letter of credit. This fee will be distributed by the Facility Agent on the last Business Day of each month according to each Lender’s Pro Rata Share. (c) Each Borrower must pay to the Facility Agent for each Tranche D Lender a letter of credit opening fee computed at the rate of 0.75 per cent. per annum in respect of each issued Letter of Credit which is a standby letter of credit in favour of banks with letters of credit already issued as at the date of the first Request for a Loan. This fee will be distributed by the Facility Agent on the last Business Day of each month according to each Lender’s Pro Rata Share. (d) Each Borrower must pay to the Facility Agent for each Tranche D Lender a letter of credit acceptance commission computed at the rate of 0.75 per cent. per annum on the daily balance of accepted Letters of Credit which are not standby letters of credit, and payable in the currency in which such Letters of Credit are issued (unless the relevant Letter of Credit is denominated in RMB, in which case the acceptance commission will be payable in USD calculated on the basis of the Agent’s Spot Rate of Exchange). This fee will be distributed by the Facility Agent on a monthly basis according to each Lender’s Pro Rata Share. (e) Accrued acceptance commission under paragraph (d) above are payable on the Maturity Date for the relevant Letter of Credit. Accrued letter of credit fee is also payable to the Facility Agent on the cancelled amount of any Lender’s Tranche D Commitment at the time the cancellation is effective if that Commitment is cancelled in full and its participation in the Letters of Credit is prepaid or repaid in full. (f) If a Borrower provides cash cover for any part of a Letter of Credit, then: (i) the fronting fee payable to the Issuing Bank, the letter of credit opening fee and the letter of credit acceptance commission payable for the account of each Lender in respect of any part of a Letter of Credit which is the subject of cash cover will continue to be payable until the expiry of that Letter of Credit; but (ii) that Borrower will be entitled to withdraw the interest ac...

Fees in respect of Letters of Credit. (a) The Company must pay (or ensure that a Borrower pays) to the Issuing Bank fronting fees in the manner agreed in the Fee Letter between the Issuing Bank and the Company. (b) The Company must pay to the Facility Agent for each Lender a letter of credit fee computed at the rate equal to the current Margin per annum for the Revolving Credit Facility from time to time, including any adjustment fee payable under Clause 12.2(d), on the outstanding amount of each Letter of Credit minus any cash cover. (c) Accrued letter of credit fee on each Letter of Credit is payable quarterly in arrear, commencing on the date of issue of the Letter of Credit. Accrued letter of credit fee is also payable to the Facility Agent on the date that the Total Revolving Credit Commitments are cancelled and the Letters of Credit prepaid or repaid in full. (d) If any additional amount is payable on drawn and repaid loans under Clause 12.2(f) to compensate the Lenders for a shortfall, the Company must, at the same time any amount is paid under Clause 12.2(f), pay to the Facility Agent for the account of the Lenders an amount to provide equivalent compensation for a shortfall on the amount of the Letters of Credit which have already been issued and repaid prior to that date.

Fees in respect of Letters of Credit. (a) The Borrower must pay to the Issuing Bank a fronting fee in respect of each Letter of Credit requested by it in the manner agreed in the Fee Letter between the Issuing Bank and the Borrower. (b) The Borrower must pay to the Facility Agent for each Lender a letter of credit fee computed at the same rate as the Margin on the outstanding amount of each Letter of Credit for the period from the issue of that Letter of Credit until its expiry date. This fee will be distributed according to each Lender’s Pro Rata Share, adjusted to reflect any assignment or transfer to or by that Lender. (c) Accrued letter of credit fee is payable quarterly in arrear (or any shorter period that ends on the expiry date for that Letter of Credit). Accrued letter of credit fee is also payable to the Facility Agent on the cancelled amount of any Lender’s Commitment at the time the cancellation is effective if that Commitment is cancelled in full and its participation in the Letters of Credit is prepaid or repaid in full. (d) If the Borrower provides cash cover for any part of a Letter of Credit, then: (i) the fronting fee payable to the Issuing Bank and the letter of credit fee payable for the account of each Lender in respect of any part of a Letter of Credit which is the subject of cash cover will continue to be payable until the expiry of that Letter of Credit; but (ii) the Borrower will be entitled to withdraw the interest accrued on the amount of the cash cover to the extent necessary to pay those fees.

Fees in respect of Letters of Credit. (a) Subject to paragraph (c), the Company must pay directly to the Fronting Bank a fronting fee in respect of each Fronted LC at a percentage rate per annum agreed between the Fronting Bank and the Company from and including the date of issue of each Fronted LC to and including its Repayment Date, payable quarterly in arrear. (b) Subject to paragraph (c), the Company must pay to the Agent a Letter of Credit fee computed at a rate equal to the then applicable Margin for Facility B Revolving Credit Loans on the outstanding amount of each Letter of Credit requested by it for the period from and including the date of the issue of that Letter of Credit until and including its Repayment Date. This fee will be distributed to the Banks according to each Bank’s Pro Rata Share of the relevant Letter of Credit on its Utilisation Date, adjusted to reflect any assignment or transfer to or by that Bank in accordance with Clause 7.3 (Assignments and transfers). (c) The Letter of Credit fee in respect of any outstanding or principal amounts of a Letter of Credit for which the Company has provided cash cover shall be 0.05 per cent. per annum on the Cash Cover Amount (as defined in Clause 7.1(d) (General) above). (d) Letter of Credit fee is payable quarterly in arrear and at the end of any shorter period that ends on the Repayment Date for that Letter of Credit.

Fees in respect of Letters of Credit. (a) Following the Issuance of a Letter of Credit, the Borrower shall pay to the Administrative Agent, for the sole account of the applicable LC Lender, a fee (the “LC Fee”) calculated daily on the Face Amount of such outstanding Letter of Credit at the end of each day and payable quarterly in arrears. Each payment of the LC Fee for each Letter of Credit shall be paid on the third Business Day after the end of each calendar quarter during which that Letter of Credit is outstanding. The fee payable for each Letter of Credit will be calculated based on the Face Amount of that Letter of Credit at the end of each day multiplied by the number of days in the calendar month during which that Letter of Credit is outstanding and further multiplied by the Applicable Margin for Letters of Credit (expressed as a rate per annum), subject to a minimum fee to be charged by the applicable LC Lender on each issuance or renewal of a Letter of Credit as determined in accordance with such LC Lender’s usual and customary practices. (b) In addition to the LC Fees, the Borrower agrees to pay to each LC Lender for the sole account of such LC Lender, on the Issuance of each Letter of Credit, the prevailing fees and charges assessed by the Issuing Lender in connection with the issuance, administration, amendment and payment or cancellation of letters of credit in accordance with the usual practices of such LC Lender.

Fees in respect of Letters of Credit. (a) Each Borrower must pay to the Facility Agent for the account of the Issuing Bank a fronting fee in respect of each Letter of Credit requested by it in an amount equal to 0.125 per cent. per annum of the face amount of the Letter of Credit (excluding the amount of the share of the Issuing Bank in the Letter of Credit if that Issuing Bank (or an Affiliate of it) is also a Lender), less any amount which has been repaid or prepaid, from and including the date of issue of the Letter of Credit to and including its Maturity Date (or the date of its repayment, prepayment or cancellation, if earlier), payable quarterly in arrear. (b) Each Borrower must pay to the Facility Agent a Letter of Credit fee computed at a rate equal to the then applicable Margin for Loans made under the Revolving Facility on the outstanding amount of each Letter of Credit requested by it (less any amount which has been repaid or prepaid) for the period from and including the date of the issue of that Letter of Credit until and including its Maturity Date (or the date of its repayment or cancellation, if earlier). This fee will be distributed to the Lenders according to each Lender's Pro Rata Share of the Letter of Credit on the Utilisation Date for that Letter of Credit adjusted to reflect any subsequent assignment or transfer in accordance with Clause 27.13 (Assignments and transfers—Issuing Bank). (c) The accrued Letter of Credit fee is payable quarterly in arrear and at the end of any shorter period that ends on the Maturity Date (or the date of its repayment, prepayment or cancellation, if earlier) for that Letter of Credit.

Fees in respect of Letters of Credit. (a) The Company must pay (or ensure that a Borrower pays) to the Issuing Bank fronting fees in the manner agreed in the Fee Letter between the Issuing Bank and the Company. (b) The Company must pay to the Facility Agent for each Lender a letter of credit fee computed at the rate equal to the current Margin per annum for the Revolving Credit Facility A or the Revolving Credit Facility B (as applicable) from time to time, including any adjustment fee payable under Clause 12.2(d), on the outstanding amount of each Letter of Credit minus any cash cover. (c) Accrued letter of credit fee on each Letter of Credit is payable quarterly in arrear, commencing on the date of issue of the Letter of Credit. Accrued letter of credit fee is also payable to the Facility Agent on the date that the Total Revolving Credit Facility A Commitments or the Total Revolving Credit Facility B Commitments (as the case may be) are cancelled and the relevant Letters of Credit prepaid or repaid in full. (d) If any additional amount is payable on drawn and repaid loans under Clause 12.2(f) to compensate the Lenders for a shortfall, the Company must, at the same time any amount is paid under Clause 12.2(f), pay to the Facility Agent for the account of the Lenders an amount to provide equivalent compensation for a shortfall on the amount of the Letters of Credit which have already been issued and repaid prior to that date.

Fees in respect of Letters of Credit. (a) Each Borrower must pay to each Issuing Bank a fronting fee in respect of each Letter of Credit requested by it in the manner agreed in the Fee Letter between the relevant Issuing Bank and the Company. (b) Each Global Borrower must pay to the Global Facility Agent for each Lender under the Global Facility a letter of credit fee computed at the same rate as the Margin on the outstanding amount of each Global Letter of Credit requested by it for the period from the issue of that Global Letter of Credit until its Maturity Date. This fee will be distributed according to each Lender's Pro Rata Share, adjusted to reflect any assignment or transfer to or by that Lender. (c) Each South African Borrower must pay to the South African Facility Agent for each Lender under the South African Facility a letter of credit fee computed at the same rate as the Margin on the outstanding amount of each South African Letter of Credit requested by it for the period from the issue of that South African Letter of Credit until its Maturity Date. This fee will be distributed according to each Lender's Pro Rata Share, adjusted to reflect any assignment or transfer to or by that Lender. (d) Accrued letter of credit fee is payable quarterly in arrear (or any shorter period that ends on the Maturity Date for that Letter of Credit). Accrued letter of credit fee is also payable to the relevant Facility Agent on the cancelled amount of any Lender's Commitment at the time the cancellation is effective if that Commitment is cancelled in full and its participation in the relevant Letters of Credit is prepaid or repaid in full. (e) If a Borrower provides cash cover for any part of a Letter of Credit, then: (i) the fronting fee payable to the relevant Issuing Bank and the letter of credit fee payable for the account of each Lender in respect of any part of a Letter of Credit which is the subject of cash cover will continue to be payable until the expiry of that Letter of Credit; but (ii) that Borrower will be entitled to withdraw the interest accrued on the amount of the cash cover to pay those fees.

Fees in respect of Letters of Credit. (a) The U.S. Borrower must pay to the Issuing Bank a fronting fee in respect of each Letter of Credit requested by it in the manner agreed in the Fee Letter between the Issuing Bank and the Company.

Fees in respect of Letters of Credit. 8.3.1 Each Borrower must pay to the Issuing Bank a fronting fee in respect of each Letter of Credit requested by it in the manner agreed in the Fee Letter between the Issuing Bank and the Company. 8.3.2 Each Borrower must pay to the Agent for each Lender a letter of credit fee computed at the rate of, subject to adjustment under Clause 8.4 (Letter of credit fee adjustment), 0.75 per cent. per annum on the outstanding amount of each Letter of Credit requested by it for the period from the issue of that Letter of Credit until its Maturity Date. This fee will be distributed according to each Lender’s Pro Rata Share, adjusted to reflect any assignment or transfer to or by that Lender. 8.3.3 Accrued letter of credit fee is payable quarterly in arrears from the date of this Agreement. Accrued letter of credit fee is also payable to the Agent on the cancelled amount of any Lender’s Commitment at the time the cancellation is effective if that Commitment is cancelled in full and the Letters of Credit prepaid or repaid in full.