Fronting Fee and Documentary and Processing Charges. The Borrower shall pay directly to each applicable Fronting L/C Issuer for its own account a fronting fee with respect to each Fronted Letter of Credit issued by such Fronting L/C Issuer, at the rate per annum separately agreed between the Borrower and each such Fronting L/C Issuer, computed on the daily amount available to be drawn under such Letter of Credit. Such fronting fee shall be computed on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Commitment Termination Date, on the date that is twelve months after the Commitment Termination Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the applicable Fronting L/C Issuer or the Several L/C Agent, as applicable, for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the applicable Fronting L/C Issuer or the Several L/C Agent, as applicable, relating to each Letter of Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. In the event that, pursuant to Section 2.01(a)(vi) or Section 2.17, any other Lender agrees to act as a Limited Fronting Lender or Confirming Bank for any Lender that becomes an Affected Lender or a Non-NAIC Approved Bank, as applicable, the Letter of Credit Fee payable to such Lender that becomes an Affected Lender or a Non-NAIC Approved Bank shall be reduced by 0.25% per annum (or such lesser percentage as the Lender acting as a Limited Fronting Lender or as a Confirming Bank may agree) and the Lender acting as a Limited Fronting Lender or as a Confirming Bank shall receive the amount of such reduction from the Borrower for its own account as a fronting fee or confirmation fee, as applicable, and such other compensation therefor as such Affected Lender or Non-NAIC Approved Bank or the Borrower and such other Lender may agree.
Fronting Fee and Documentary and Processing Charges. Borrower shall pay directly to L/C Issuer for the account of each Lender in accordance, subject to Section 12.22, with its Applicable Percentage, an annual, non-refundable, fronting fee with respect to each Letter of Credit, in an amount equal to two-tenths of one percent (0.20%) of the face amount of the Letter of Credit. Such fronting fee shall be due and payable upon the issuance or renewal of such Letter of Credit. In addition, Borrower shall pay directly to L/C Issuer for its own account, any amounts set forth in the Fee Letter, the customary issuance, presentation and amendment fees, and other standard costs and charges, of L/C Issuer relating to letters of credit as from time to time in effect. Such fees, costs and charges are due and payable on demand and are nonrefundable.
Fronting Fee and Documentary and Processing Charges. The Borrower shall pay directly to the Fronting Bank for its own account a fronting fee with respect to each Fronted Letter of Credit issued for the account of the Borrower or its Subsidiaries by the Fronting Bank, at the rate per annum and in the manner as agreed to between the Fronting Bank and the Borrower. Such fronting fee shall be due and payable at such times (no more frequently than quarterly) as the Fronting Bank advises the Borrower and on the Letter of Credit Termination Date. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the Applicable Issuing Party for its own account letter of credit processing fees of the Applicable Issuing Party relating to Letters of Credit as from time to time in effect. Such fees are due and payable as agreed between the Fronting Bank and the Borrower, from time to time, and are nonrefundable.
Fronting Fee and Documentary and Processing Charges. (i) Each L/C Applicant shall pay directly to the Fronting Bank for its own account in Dollars a fronting fee with respect to each Fronted Letter of Credit issued for the account of such L/C Applicant by the Fronting Bank, at the rate per annum specified in the Bank of America Fee Letter, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable at such times (no more frequently than quarterly) as the Fronting Bank advises such L/C Applicant, on the Letter of Credit Expiration Date and thereafter on demand, it being understood that the Fronting Bank will invoice each L/C Applicant directly for amounts due under this Section 2.03(j). For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.08. In addition, each L/C Applicant shall pay directly to the Applicable Issuing Party for its own account letter of credit processing fees as set forth in the Bank of America Fee Letter. Such fees are due and payable on demand and are nonrefundable.
(ii) Each Participating Bank with respect to a Several Letter of Credit shall pay to its Participating Bank Issuer a fronting fee (the “Several L/C Fronting Fee”) computed on the risk participation purchased by such Participating Bank from such Participating Bank Issuer with respect to such Several Letter of Credit at the rate per annum and at the times and in the manner agreed upon by such Participating Bank and its Participating Bank Issuer.
Fronting Fee and Documentary and Processing Charges. Each Borrower shall pay to each applicable Fronting L/C Issuer, through the Administrative Agent, for its own account a fronting fee (converted to a daily rate) with respect to each Fronted Letter of Credit with respect to which it is the Applicant or the Co-Applicant in the amount agreed between the Borrowers and such Fronting L/C Issuer (and a copy of the agreement setting forth such agreed amount shall be furnished to the Administrative Agent), payable on the Dollar Equivalent of the actual daily maximum amount available to be drawn under such Letter of Credit. Such fronting fee shall be computed on a quarterly basis in arrears. Such fronting fee shall be due and payable on the last day (or, if such day is not a Business Day, the next Business Day) of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date, on the date that is twelve months after the Maturity Date and thereafter on demand. In addition, each Borrower shall pay directly to each applicable Fronting L/C Issuer or the Several L/C Agent, as applicable, for its own account the customary issuance, presentation, amendment and other processing fees, and other standard and reasonable costs and charges, of such Fronting L/C Issuer or the Several L/C Agent, as applicable, relating to each Letter of Credit as from time to time in effect.
Fronting Fee and Documentary and Processing Charges. The Borrower shall pay the L/C Issuer, for its own account, a fronting fee (i) with respect to each Letter of Credit issued for its account (or its Subsidiary’s account) equal to 0.125% of the amount of such Letter of Credit, and payable upon the issuance thereof, and (ii) with respect to any amendment of a Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the Borrower and the L/C Issuer, computed on the amount of such increase, and payable upon the effectiveness of such amendment. In addition, the Borrower shall pay the L/C Issuer the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges of the L/C Issuer relating to letters of credit as from time to time in effect. Such individual customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Fronting Fee and Documentary and Processing Charges. EMS shall pay directly to the Domestic L/C Issuer for its own account in U.S. Dollars a fronting fee (i) with respect to each Domestic Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the U.S. Dollar Equivalent of the daily amount available to be drawn under such Domestic Letter of Credit (whether or not such maximum amount is then in effect under such Domestic Letter of Credit) on a quarterly basis in arrears and (ii) with respect to any amendment of a commercial Domestic Letter of Credit increasing the amount of such Domestic Letter of Credit, at a rate separately agreed between EMS and the Domestic L/C Issuer (such rate not to exceed the rate in the Fee Letter for fronting fees), computed on the U.S. Dollar Equivalent of the amount of such increase, and payable upon the effectiveness of such amendment. The Canadian Borrower shall pay directly to the Canadian L/C Issuer for its own account a fronting fee (i) with respect to each Canadian Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the Canadian Dollar Equivalent of the daily amount available to be drawn under such Canadian Letter of Credit (whether or not such maximum amount is then in effect under such Canadian Letter of Credit) on a quarterly basis in arrears and (ii) with respect to any amendment of a commercial Canadian Letter of Credit increasing the amount of such Canadian Letter of Credit, at a rate separately agreed between the Canadian Borrower and the Canadian L/C Issuer (such rate not to exceed the rate in the Fee Letter for fronting fees), computed on the Canadian Dollar Equivalent of the amount of such increase, and payable upon the effectiveness of such amendment. Such fronting fees shall be due and payable on the last Business Day of each March, June, September and December in respect of each quarter period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of any such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Domestic Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, (i) EMS shall pay directly to the Domestic L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the Domestic L/C ...
Fronting Fee and Documentary and Processing Charges. The Borrower shall pay directly to the Fronting L/C Issuer for its own account a fronting fee with respect to each Fronted Letter of Credit issued hereunder, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the first Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Termination Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Fronted Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the Fronting L/C Issuer or the Several L/C Agent, as applicable, for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the Fronting L/C Issuer or the Several L/C Agent, as applicable, relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Fronting Fee and Documentary and Processing Charges. The Borrower shall pay directly to the Fronting L/C Issuer, through the Administrative Agent, for its own account a fronting fee (converted to a daily rate) with respect to each Fronted Letter of Credit with respect to which it is the Applicant or the Co-Applicant in accordance with the Fee Letter. Such fronting fee shall be computed on the daily amount available to be drawn under such Fronted Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the last day (or, if such day is not a Business Day, the next Business Day) of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date, on the date that is twelve (12) months after the Maturity Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the Fronting L/C Issuer or the Several L/C Agent, as applicable, for its own account the customary issuance, presentation, amendment and other processing fees, and other standard and reasonable costs and charges, of the Fronting L/C Issuer or the Several L/C Agent, as applicable, relating to each Letter of Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Fronting Fee and Documentary and Processing Charges. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, equal to 0.25% per annum, computed on the daily amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fee shall be due and payable on the last day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to Letters of Credit as from time to time in effect. Such individual customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
