Common use of Fronting Bank Fees Clause in Contracts

Fronting Bank Fees. (a) The Borrower shall pay to the Fronting Bank, for its own account, such commissions, issuance fees, transfer fees and other fees and charges in connection with the issuance or administration of each Letter of Credit as the Borrower and the Fronting Bank shall agree upon. (b) The Borrower shall pay to the Fronting Bank, for its own account, a fronting fee on the average daily aggregate maximum amount available to be drawn (assuming compliance with all conditions to drawing) under all Outstanding Letters of Credit issued by the Fronting Bank, at a rate per annum agreed upon by the Borrower and the Fronting Bank, payable in arrears on each March 31, June 30, September 30 and December 31, and on the LC Maturity Date. Such fronting and origination fees shall be computed on the basis of the actual number of days elapsed over a year of 360 days.

Fronting Bank Fees. (a) The Borrower shall pay to ------------------- the Fronting Bank, for its own account, such commissions, issuance fees, transfer fees and other fees and charges in connection with the issuance or administration of each Letter of Credit as the Borrower and the Fronting Bank shall agree upon. (b) The Borrower shall pay to the Fronting Bank, for its own account, a fronting fee on the average daily aggregate maximum amount available to be drawn (assuming compliance with all conditions to drawing) under all Outstanding Letters of Credit issued by the Fronting Bank, at a rate per annum agreed upon by the Borrower and the Fronting Bank, payable in arrears on each March 31, June 30, September 30 and December 31, and on the LC Maturity Date. Such fronting and origination fees shall be computed on the basis of the actual number of days elapsed over a year of 360 days.