Fees payable in respect of Letters of Credit. (a) The Company or each Borrower shall pay to the Issuing Bank a fronting fee at the rate of 0.125 per cent. per annum (or such other rate as the Issuing Bank may require by written notice to the Company within 10 Business Days of the first person other than the Original Lender becoming a Lender, provided that such rate is within the range of normal rates at that time of UK and European clearing banks for borrowers and facilities of a similar size and nature) on the outstanding amount which is counter-indemnified by the other Lenders of each Letter of Credit requested by it for the period from the issue of that Letter of Credit until its Expiry Date.
(b) The Company or each Borrower shall pay to the Agent (for the account of each Lender) a Letter of Credit fee in the Base Currency (computed at the rate equal to the Margin applicable to a Loan) 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 Expiry Date. This fee shall be distributed according to each Lender’s L/C Proportion of that Letter of Credit.
(c) The accrued fronting fee and Letter of Credit fee on a Letter of Credit shall be payable on the last day of each successive period of three Months (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of that Letter of Credit. The accrued fronting fee and Letter of Credit fee is also payable to the Agent on the cancelled amount of any Lender’s Revolving Facility Commitment at the time the cancellation is effective if that Commitment is cancelled in full and the Letter of Credit is prepaid or repaid in full.
Fees payable in respect of Letters of Credit. (a) The applicable Borrowers shall pay to the Agent (for the account of each Lender participating in the relevant Revolving Facility) a Letter of Credit Fee in the Base Currency (computed at the rate equal to the Margin from time to time applicable to a Loan) 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 Expiry Date. The Letter of Credit Fee shall be distributed according to each such Lender’s L/C Proportion of that Letter of Credit.
(b) The accrued issuing agency fee and the accrued Letter of Credit Fee on a Letter of Credit shall be payable on the last day of each successive period of three (3) Months ending on each 31 March, 30 June, 30 September and 31 December in each year (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of that Letter of Credit. The accrued issuing agency fee and the accrued Letter of Credit Fee is also payable to the Agent on the cancelled amount of any Lender’s Revolving Facility Commitment at the time the cancellation is effective if that Commitment is cancelled in full and the Letter of Credit are prepaid or repaid in full.
Fees payable in respect of Letters of Credit. (a) The Company shall pay to the Issuing Bank for its own account a fronting fee in the amount and manner agreed in the Fee Letter between the Issuing Bank and the Company.
(b) The Company shall pay to the Facility Agent (for the account of each Lender) a Letter of Credit fee (computed at the rate equal to the Margin applicable to a Loan under the Revolving Credit Commitment) 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 Expiry Date. This fee shall be distributed according to each Lender’s Pro Rata Share of that Letter of Credit.
(c) The accrued Letter of Credit fee on a Letter of Credit shall be payable on the first day of each successive period of three months (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of that Letter of Credit. The Letter of Credit fee is also payable to the Facility Agent on the cancelled amount of any Lender’s Revolving Credit Commitment at the time the cancellation is effective if that Commitment is cancelled in full and the Letter of Credit is prepaid or repaid in full.
Fees payable in respect of Letters of Credit. (a) The Borrower shall pay to the Issuing Person a Letter of Credit fee computed at the rate equal to:
(i) 2.00 per cent. per annum on the outstanding amount of each Letter of Credit which is a performance guarantee; and
(ii) 3.00 per cent. per annum on the outstanding amount of each Letter of Credit which is a financial guarantee, in each case for the period from the issue of that Letter of Credit until its Expiry Date or if the Letter of Credit does not have an Expiry Date, until the Letter of Credit is repaid in one of the ways set out in Clauses 1.2(g)(ii) to 1.2(g)(v) (Construction).
(b) The accrued Letter of Credit fee on a Letter of Credit shall be payable on the last day of each successive period of three Months (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of that Letter of Credit. If the outstanding amount of a Letter of Credit is reduced, any Letter of Credit fee accrued in respect of the amount of that reduction shall be payable on the day that that reduction becomes effective.
(c) If an Obligor provides cash cover in respect of any Letter of Credit:
(i) the Letter of Credit fee shall continue to be payable until the expiry of the Letter of Credit; and
(ii) the Borrower shall be entitled to apply interest accrued on the cash cover provided by it to pay the fees described in paragraph (i) above so long as no Event of Default is continuing.
Fees payable in respect of Letters of Credit. (a) Each Borrower shall pay to the Facility Agent for the account of the Issuing Bank a fronting fee at the rate of 0.125 per cent. per annum on the outstanding amount (to the extent it is not cash collateralised) which is counter-indemnified by the other Lenders of each Letter of Credit requested by it for the period from the issue of that Letter of Credit until its Expiry Date.
(b) Each Borrower shall pay to the Facility Agent (for the account of each Lender) a Letter of Credit fee (computed at the rate per annum equal to the Margin applicable to a Revolving Facility Loan) on the outstanding amount of each Letter of Credit (to the extent it is not cash collateralised) requested by it for the period from the issue of that Letter of Credit until its Expiry Date. This fee shall be distributed according to each Lender's L/C Proportion of that Letter of Credit.
(c) The accrued fronting fee and Letter of Credit fee on a Letter of Credit set out in paragraphs (a) and (b) respectively of this Clause 19.4 shall be payable on the last day of each successive period of three Months (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of that Letter of Credit. The accrued fronting fee and Letter of Credit fee are also payable to the Facility Agent on the cancelled amount of any Lender's Revolving Facility Commitment at the time the cancellation is effective if that Commitment is cancelled in full and the Letter of Credit is prepaid or repaid in full.
(d) If a Borrower cash covers any part of a Letter of Credit then:
(i) no fronting fee or Letter of Credit fee shall be payable in respect of that part of the Letter of Credit that is cash covered provided that a management fee of 0.05 per cent. per annum will be payable to the Issuing Bank on such cash covered part of the Letter of Credit at the same time as the fronting fee and Letter of Credit fee would have been payable; and
(ii) each Borrower will be entitled to withdraw the interest accrued on the cash cover to pay the fees set out in sub-paragraph (i) above.
Fees payable in respect of Letters of Credit. (a) The relevant Borrower (or Borrower A on its behalf) shall pay to the Issuing Bank a letter of credit fee in the Base Currency on each Letter of Credit computed at the greater of:
(i) US$30.00; and
(ii) 0.425 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 Expiry Date.
(b) The letter of credit fees on the Letters of Credit shall be computed on the last day of each Financial Quarter (and if applicable on such other dates as the Issuing Bank may elect after the Commitment has been cancelled), in each case for the period then ending. The Issuing Bank shall give Borrower A (on behalf of all the Borrowers) notice of letter of credit fees due pursuant to this Clause 6.1 (Fees payable in respect of Letters of Credit) (in a consolidated invoice) as soon as reasonably practicable after each date of computation, and the Borrowers shall pay such fees within five Business Days after receipt of such notice. Amounts payable in accordance with this Clause 6 (Letters of Credit) shall remain payable notwithstanding any failure by the Issuing Bank to issue a notice under this Clause 6.1(b).
(c) The relevant Borrower (or Borrower A on its behalf) shall pay an additional fee in respect of any Letter of Credit issued with a beneficiary which is established in the United States of America (a “US Letter of Credit”), calculated as follows:
(i) US$120 on the date of issue of a US Letter of Credit;
(ii) US$95 on the date of any amendment, waiver or variation (howsoever described) to a US Letter of Credit;
(iii) US$60 on the date of any extension of a US Letter of Credit under Clause 5.5 (Renewal of a Letter of Credit); and
(iv) US$100 within two Business Days following any claim which is made under a US Letter of Credit under Clause 6.2 (Claims under a Letter of Credit).
(d) Fees payable in accordance with this Clause 6.1 (Fees payable in respect of Letters of Credit) in respect of any Letter of Credit issued shall be payable in the Base Currency.
Fees payable in respect of Letters of Credit. (a) The Borrower shall pay to the relevant WCF Lender a Letter of Credit fee on the face value of each Letter of Credit computed at the rate agreed between the relevant WCF Lender and the Borrower (provided that such amount does not exceed the Margin for Facility C).
(b) The accrued Letter of Credit fee shall be payable at such times agreed with the relevant WCF Lender that issues such Letter of Credit.
(c) The Borrower shall pay to each WCF Lender an issuance/administration fee in the amount and at the times specified as agreed with the relevant WCF Lender.
Fees payable in respect of Letters of Credit. (a) The Company shall pay to the Issuing Bank (who shall transfer such amounts to the Administrative Agent) (for the account of each Participating Bank) a Letter of Credit fee in the Base Currency computed at the rate per annum equal to:
(b) for any Letter of Credit issued before 31 December 2011, 1.35 per cent. per annum on the outstanding amount of each Letter of Credit requested by the LG Users for the period from the issue of that Letter of Credit until its full repayment;
(i) for any Letter of Credit issued on or after 31 December 2011:
(A) if at the end of a Financial Quarter, the maximum aggregate Base Currency Amount of all Letters of Credit issued and outstanding at that time does not exceed 75% of the Total Commitment, 1.20 per cent. per annum on the outstanding amount of each Letter of Credit to be issued during the next immediate Financial Quarter for the period from the issue of that Letter of Credit until its full repayment;
(B) if at the end of a Financial Quarter, the maximum aggregate Base Currency Amount of all Letters of Credit issued and outstanding at that time exceeds 75% of the Total Commitment, 1.10 per cent. per annum on the outstanding amount of each Letter of Credit to be issued during the next immediate Financial Quarter for the period from the issue of that Letter of Credit until its full repayment;
(ii) for any Letter of Credit issued on or after 31 December 2012:
(A) if at the end of a Financial Quarter, the maximum aggregate Base Currency Amount of all Letters of Credit issued and outstanding at that time does not exceed 75% of the Total Commitment, 1.10 per cent. per annum on the outstanding amount of each Letter of Credit to be issued during the next immediate Financial Quarter for the period from the issue of that Letter of Credit until its full repayment;
(B) if at the end of a Financial Quarter, the maximum aggregate Base Currency Amount of all Letters of Credit issued and outstanding at that time exceeds 75% of the Total Commitment, 1.00 per cent. per annum on the outstanding amount of each Letter of Credit to be issued during the next immediate Financial Quarter for the period from the issue of that Letter of Credit until its full repayment; This fee shall be distributed according to each Participating Bank’s Proportion of that Letter of Credit.
(c) The accrued Letter of Credit fee on a Letter of Credit shall be payable on the first day of each March, June, September and December in each year, the first of which shall...
Fees payable in respect of Letters of Credit. (a) The requesting Borrower shall pay to the Issuing Bank an issuance fee in the amount of CZK 5,000 for issuing a Letter of Credit.
(b) The requesting Borrower shall pay to the Agent (for the account of each Lender) the Letter of Credit fee in EUR (computed at the rate equal to the Margin applicable to a Facility A Loan) 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 Expiry Date.
(c) The accrued Letter of Credit fee on a Letter of Credit shall be payable on the last day of each successive period of three Months (or such shorter period as shall end on the Expiry Date for that Letter of Credit) starting on the date of issue of a Letter of Credit.
Fees payable in respect of Letters of Credit. (a) The Company shall pay to the Issuing Bank (who shall transfer such amounts to the Administrative Agent) (for the account of each Participating Bank) a Letter of Credit fee in the Base Currency (computed at the rate per annum equal to 1.35 per cent. per annum) on the outstanding amount of each Letter of Credit requested by the LG Users for the period from the issue of that Letter of Credit until its full repayment. This fee shall be distributed according to each Participating Bank’s Proportion of that Letter of Credit.
(b) The accrued Letter of Credit fee on a Letter of Credit shall be payable on the first day of each March, June, September and December in each year, the first of which shall be the first such day after the Issuance Date of that Letter of Credit.
