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

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.

Fees payable in respect of Letters of Credit. (a) The applicable Borrowers Each Borrower shall pay to the Agent (for the account of each Lender participating in the relevant Revolving FacilityFacility C Lender) a Letter letter of Credit Fee credit fee in the Base Currency (arrears computed at the same rate equal to as 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 This fee shall be distributed according to each such Lender’s L/C Proportion of that Letter of Credit.