Common use of Fronting Fee and Documentary and Processing Charges Payable to Issuing Bank Clause in Contracts

Fronting Fee and Documentary and Processing Charges Payable to Issuing Bank. The Borrower shall pay directly to the applicable Issuing Bank for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to the percentage separately agreed upon between the Borrower and such Issuing Bank, computed on the daily amount available to be drawn under such Letter of Credit on a monthly basis in arrears. Such fronting fee shall be due and payable in arrears on each Payment Date, commencing on the first Payment Date to occur after such issuance of the Letter of Credit, on 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 1.5. In addition, the Borrower shall pay directly to the applicable Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such Issuing Bank 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 Payable to Issuing Bank. The Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account a fronting fee with respect to each Letter of Credit, Credit issued for Ryder’s or any of its domestic Subsidiaries’ account at the rate per annum equal to the percentage separately agreed upon between the Borrower and such Issuing Bank, computed rate of 0.125% payable on the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fee shall be computed on a monthly quarterly basis in arrears. Such fronting fee shall be due and payable in arrears on each Payment Date, commencing on the first Payment Date Business Day after the end of each March, June, September and December, commencing with the first such date to occur after such the issuance of the such Letter of Credit, on the Maturity Letter of Credit Expiration 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 1.5. In addition, the Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such the Issuing Bank 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 Payable to Issuing Bank. The Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account a fronting fee with respect to each Letter of Credit, Credit issued for Ryder’s or any of its domestic Subsidiaries’ account at the rate per annum equal to rate specified in the percentage separately agreed upon between the Borrower and such Issuing Bank, Fee Letter computed on the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fee shall be computed on a monthly quarterly basis in arrears. Such fronting fee shall be due and payable in arrears on each Payment Date, commencing on the first Payment Date Business Day after the end of each March, June, September and December, commencing with the first such date to occur after such the issuance of the such Letter of Credit, on the Maturity Letter of Credit Expiration 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 1.5. In addition, the Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such the Issuing Bank 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 Payable to Issuing Bank. The Borrower SOURCECORP shall pay directly to the applicable Issuing Bank for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to specified in the percentage separately agreed upon between the Borrower and such Issuing BankFee Letter, computed on the daily amount available to be drawn under such Letter of Credit and on a monthly 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, in arrears on each Payment Daterespect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing on with the first Payment Date such date to occur after such the issuance of the such Letter of Credit, on the Maturity Letter of Credit Expiration 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 1.5. In addition, the Borrower SOURCECORP shall pay directly to the applicable Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such the Issuing Bank 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 Payable to Issuing Bank. The Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account a fronting fee with respect to each Letter of Credit, Credit issued for Ryder's or any of its domestic Subsidiaries' account at the rate per annum equal to the percentage separately agreed upon between the Borrower and such Issuing Bank, computed rate of 0.10% payable on the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fee shall be computed on a monthly quarterly basis in arrears. Such fronting fee shall be due and payable in arrears on each Payment Date, commencing on the first Payment Date Business Day after the end of each March, June, September and December, commencing with the first such date to occur after such the issuance of the such Letter of Credit, on the Maturity Letter of Credit Expiration 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 1.5. In addition, the Borrower Ryder shall pay directly to the applicable Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such the Issuing Bank 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.