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

Fees payable in respect of Letters of Credit. (a) Each Borrower shall pay to the Issuing Bank a fronting fee at the rate of 0.125% per annum 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.

Fees payable in respect of Letters of Credit. (a) Each Borrower shall pay to the Issuing Bank a fronting fee at the rate of 0.125% 0.125 per cent. per annum 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.

Fees payable in respect of Letters of Credit. (a) Each The Borrower shall pay to the Issuing Bank a fronting fee at agreed in a Fee Letter (or, as otherwise agreed between the rate of 0.125% per annum Borrower and the Issuing Bank) 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.

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% 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.

Fees payable in respect of Letters of Credit. (ai) Each Borrower The Borrowers shall pay to the Issuing Bank a fronting fee at the rate of 0.125% per annum 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.