Common use of Fronting Bank Fee Clause in Contracts

Fronting Bank Fee. The 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) 0.10% of the daily average issued and undrawn amount of each outstanding Letter of Credit issued by such Fronting Bank and (ii) $1,000, 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 the last Business Day of each March, June, September and December during the Term and on the Maturity Date.

Fronting Bank Fee. The 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) 0.100.125% of the daily average issued and undrawn amount of each outstanding Letter of Credit issued by such Fronting Bank and (ii) $1,000, 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 the last Business Day of each March, June, September and December during the Term and on the Maturity Date.

Fronting Bank Fee. The Borrower shall pay any Fronting Bank, for its own account, a fee (a “Fronting Bank Fee”"FRONTING BANK FEE") at a rate per annum equal to the greater of (ix) 0.10.10% of the daily average issued and undrawn amount of each outstanding Letter the Letters of Credit issued by such Fronting Bank and (iiy) $1,000500 per Letter of Credit, 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 the last Business Day of each MarchJanuary 1, JuneApril 1, September July 1 and December October 1 during the Term Term, and on the Maturity Date.