Common use of Fronting Bank Fee Clause in Contracts

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125% of the issued and undrawn amount of such Letter of Credit and (ii) $250, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Corp)

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Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its ----------------- own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125.15% of ----------------- the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any the Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .1250.075% of the issued and undrawn amount of such Letter the Letters of Credit and (ii) $250whether issued for the account of the Borrower or a Qualified Borrower), which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125.25% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125.15% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Credit Agreement (Carramerica Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank FeeFRONTING BANK FEE") at a rate per annum equal to the greater of (i) .125.10% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Equity Residential Properties Trust)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for ----------------- its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125----------------- .15% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .1250.15% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty, L.P.)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125% of the issued and undrawn amount of such Letter of Credit and (ii) $250, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Lp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to .15% on the greater daily average of (i) .125% of the such issued and undrawn amount Letters of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Credit Agreement (Meditrust Corp)

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Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .1250.25% of the issued and undrawn amount of such Letter of Credit and (ii) $250, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Lp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for ----------------- its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125.15% ----------------- of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum equal to the greater of (i) .125% of the issued and undrawn amount of such Letter of Credit and (ii) $250, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Corp)

Fronting Bank Fee. The Borrower or the applicable Qualified Borrower shall pay any Fronting ----------------- Bank, for its own account, a fee (a "Fronting Bank Fee") at a rate per annum ----------------- equal to the greater of (i) .125.15% of the issued and undrawn amount of such Letter of Credit and (ii) $250Credit, which fee shall be in addition to and not in lieu of, the Letter of Credit Fee. The Fronting Bank Fee shall be payable in arrears on each January 1, April 1, July 1 and October 1 during the Term.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

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