Common use of Fees payable in respect of Letters of Credit Clause in Contracts

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 Company or each Each Borrower shall pay to the Issuing Bank a fronting fee at the rate of 0.125 per cent. 0.125% 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 Each Borrower shall pay to the Administrative 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 Revolving Facility 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 Administrative 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) Each Borrower shall pay to the Issuing Bank (for its own account) an issuance/administration fee in the amount and at the times specified in a Fee Letter.

Fees payable in respect of Letters of Credit. (a) The Company Subject to paragraph (d) below, the Parent or each the relevant Borrower shall pay (or procure there is paid) to the Agent (for the account of each Issuing Bank Bank) a fronting fee at the rate of 0.125 per cent. per annum (or such other rate as unless otherwise agreed by the Parent and the relevant 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 natureBank) on the outstanding amount which is counter-indemnified by the other Lenders of each Letter of Credit requested by it (less in each case any amount which has been either repaid, prepaid or cancelled and in each case excluding the amount of the share of the relevant Issuing Bank and its Affiliates in the Letter of Credit if that Issuing Bank (and/or an Affiliate of it) is also a Lender), for the period from the issue of that Letter of Credit until its Expiry DateDate (or the date of its repayment, prepayment or cancellation, if earlier). (b) The Company or Subject to paragraph (d) below, each Borrower shall pay (or procure there is paid) 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 then applicable Margin applicable to a Loan) on the outstanding amount of each Letter of Credit requested by it (less in each case any amount which has been repaid, prepaid or cancelled) for the period from the issue of that Letter of Credit until its Expiry DateDate (or the date of its repayment, prepayment or cancellation, if earlier). 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 in arrears on the last day of each successive period of three (3) Months (or such shorter period as shall end on the Expiry Date (or the date of its repayment, prepayment or cancellation, if earlier) 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 Commitment under the 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) The Parent or the relevant Borrower shall pay (or procure there is paid) to the Issuing Bank (for its own account) an issuance/administration fee in the amount and at the times specified in a Fee Letter. (e) If the Parent provides (or procures) cash cover for any part of a Letter of Credit then 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.

Fees payable in respect of Letters of Credit. (ai) The Company or each Borrower Borrowers shall pay to the Issuing Bank a fronting fee at the rate of 0.125 per cent. 0.125% 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 the Borrowers for the period from the issue of that Letter of Credit until its Expiry DateDate or cancellation. (bii) The Company or each Borrower Borrowers shall pay to the Administrative Agent (for the account of each Lender) a Letter of Credit fee in the Base Currency Dollars (computed at the rate equal to the Margin applicable to a Eurodollar Revolving Facility Loan) on the outstanding amount of each Letter of Credit requested by it the Borrowers for the period from the issue of that Letter of Credit until its Expiry DateDate or cancellation. This fee shall be distributed according to each Lender’s L/C Proportion of that Letter of Credit. (ciii) The accrued fronting fee and Letter of Credit fee on a Letter of Credit shall be payable on the last day the last Business 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 CreditMarch, June, September and December. The accrued fronting fee and Letter of Credit fee is also payable to the Administrative Agent for the benefit of any applicable Lender on the cancelled amount of any such Lender’s Revolving Facility Commitment at the time the cancellation is effective if that Commitment is cancelled effective. (iv) The Borrowers shall pay to the Issuing Bank (for its own account) an issuance/administration fee in full the amount and at the times specified in a Fee Letter. (v) The Borrowers shall pay to each Issuing Bank for its own account such Issuing Bank’s standard drawing, negotiation, amendment, transfer and other administrative fees for each Letter of Credit is prepaid or repaid Credit. Such standard fees referred to in fullthe preceding sentence may be established by each respective Issuing Bank from time to time.

Fees payable in respect of Letters of Credit. (a) The Company or each 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 (other than the Issuing Bank’s share of such amount in its capacity as a Lender) of the undischarged drawn exposure which is counter-indemnified by the other Lenders (other than Lenders which are Affiliates of the relevant Issuing Bank) 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 Each Borrower shall pay to the Facility Agent (for the account of each Lender) a Letter of Credit fee in the Base Currency or, if that Letter of Credit is denominated in an Optional Currency, in that Optional Currency (in each case computed at the rate equal to the Margin applicable to a Loan1.25 per cent. per annum) on the outstanding amount contingent liability of each Lender under each Letter of Credit (to the extent no cash cover is provided) requested by it such Borrower 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 in arrear 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 CreditCredit to the extent the Letter of Credit is not discharged) 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 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.

Fees payable in respect of Letters of Credit. (a) The Company Parent or each Borrower shall pay to the Agent (for the account of the Issuing Bank Bank) a fronting fee at the rate of 0.125 per cent. per annum (or such other rate as agreed between the Parent and 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 Parent 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 or, if the rate equal to Letter of Credit is denominated in an Optional Currency the Margin applicable to a Loan) Letter of Credit fee shall be payable in that Optional Currency), 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 computed at the rate equal to the applicable Margin. 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 of a Letter of Credit) starting on the date of issue of that Letter of CreditClosing Date. 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. (d) The Parent or each Borrower shall pay to the Issuing Bank (for its own account) an issuance/administration fee in the amount and at the times specified in a Fee Letter.