Common use of Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer Clause in Contracts

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer 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.

Appears in 4 contracts

Samples: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)

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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer 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.

Appears in 4 contracts

Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Safeway Stores 42, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to (i) each Letter of Credit in an amount equal to 0.125 % (other than any Existing Letter of Credit issued by JPMorgan), at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such , such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand, and (ii) each Existing Letter of Credit issued by JPMorgan, at the rate, times and in the amounts separately agreed in writing between the Company and JPMorgan. 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 1.071.06. In addition, the applicable Borrower Company 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 3 contracts

Samples: Credit Agreement (Amedisys Inc), Credit Agreement (Amedisys Inc), Credit Agreement (Amedisys Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees with respect to each Standby Letter of Credit shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 3 contracts

Samples: Possession Credit Agreement (Pacific Sunwear of California Inc), Credit Agreement (Pacific Sunwear of California Inc), Credit Agreement (Pacific Sunwear of California Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Domestic Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.125% per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Domestic 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer 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.

Appears in 3 contracts

Samples: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter (or such other amount as separately agreed in writing between the Borrower and such L/C Issuer (other than Bank of America)), computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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, Credit and on the Letter of Credit Expiration Date and thereafter on demandMaturity 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 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 3 contracts

Samples: Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Each Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at the rate equal to 0.25% per annum, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit in an increasing the amount of such Letter of Credit, at a rate separately agreed between such Borrower and the L/C Issuer, computed on the amount of such increase, and payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at the rate equal to 0.125 0.25% per annum times annum, computed on the daily maximum aggregate face amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable quarterly in arrears on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable each 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 3 contracts

Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued for the account of the Borrower or a Restricted Subsidiary, as the case may be, equal to 0.125 % the greater of (i) $125 or (ii) one-eighth percent (0.125%) per annum times annum, computed on the 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 fees shall be computed ) and on a quarterly basis in arrears. Such fronting fees shall be , and due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 3 contracts

Samples: Credit Agreement (Targa Midstream Services Limited Partnership), Credit Agreement (Targa Resources Partners LP), Credit Agreement (Targa Resources Partners LP)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an the amount equal specified in the Fee Letter and computed on the Dollar Equivalent thereof. With respect to 0.125 % per annum times the daily maximum amount available to be drawn under such Letter standby Letters of Credit. Such , such fronting fees fee shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on or the Letter of Credit Expiration Date and thereafter on demand. With respect to commercial Letters of Credit, such fronting fee shall be computed and paid on the date of issuance and on the date of any increase with respect to any commercial Letter of Credit. 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 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Cole Kenneth Productions Inc), Credit Agreement (Perfumania Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Syms Corp), Credit Agreement (Syms Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.250% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (FDO Holdings, Inc.), Credit Agreement (FDO Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer 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.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Revolving Credit Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount at a rate per annum equal to 0.125 0.25% per annum times unless as otherwise agreed with such L/C Issuer, computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, 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 date on which the Dollar Revolving Credit Commitments shall be terminated as provided herein, on the 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 1.07. In addition, the applicable Borrower Revolving Credit Borrowers 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Platform Specialty Products Corp), Credit Agreement (Platform Specialty Products Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, 0.200% of the amount available to be drawn under such Letter of Credit in an amount equal and (ii) with respect to 0.125 each standby Letter of Credit issued and outstanding, 0.200% per annum times of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall , computed on the daily amount available to be computed drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer Issuers 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.

Appears in 2 contracts

Samples: Credit Agreement (Ferrellgas Partners Finance Corp), Security Agreement (Ferrellgas Partners Finance Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower With respect to Letters of Credit (including any Existing Letters of Credit), the Company shall pay directly to the applicable L/C Issuer Issuer, for its own account account, in Dollars, a fronting fee at a rate separately agreed between the Company and the applicable L/C Issuer. The fronting fee with respect to each any Letter of Credit issued by SunTrust Bank or Bank of America, N.A., in an amount equal to 0.125 each case in its capacity as the L/C Issuer of such Letter of Credit, shall be 0.125% per annum times on the average daily maximum amount available to be drawn under any such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Company shall pay directly to the applicable L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Equifax Inc), Assignment and Assumption (Equifax Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit issued by the L/C Issuer in an the amount equal to 0.125 of 0.125% per annum times the Dollar Equivalent of the 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 fees shall be computed on a quarterly monthly basis in arrears. Such fronting fees fee shall accrue through the last day of each month and shall be due and payable on the first Business Day after the end day of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit issued by it as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account (i) a one time fronting fee for each commercial Letter of Credit issued by it equal to one-eighth of one percent (1/8%) times the amount of such commercial Letter of Credit, due and payable at the time of issuance and (ii) a fronting fee with respect to each standby Letter of Credit issued by it in an amount equal to 0.125 % one-eighth of one percent (1/8%) per annum times on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be thereunder, due and payable monthly in arrears on the first fifth (5th) Business Day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of such standby 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, fees and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Kraton Performance Polymers, Inc.), Credit Agreement (Kraton Polymers LLC)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit at the rate per annum, in an amount equal to 0.125 % per annum times the case of Credit Suisse as L/C Issuer, as specified in the Commitment Letter or, in the case of any other L/C Issuer, as otherwise agreed with such L/C Issuer, computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, 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 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 1.07. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (MacDermid Group Inc.), Credit Agreement (MacDermid Group Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Administrative Agent 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 fees fee shall be computed accrue on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 within five (5) Business Days of demand and are nonrefundable.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Providence Service Corp), Credit and Guaranty Agreement (Providence Service Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued by it equal to 0.125 0.125% per annum times (or such other amount as is agreed in a separate writing between the relevant L/C Issuer and the Company) of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Company shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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 within ten (10) Business Days of demand and are nonrefundable.

Appears in 2 contracts

Samples: Credit Agreement (DJO Finance LLC), Credit Agreement (ReAble Therapeutics Finance LLC)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each issued and outstanding Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth (10th) Business Day after the end of each calendar quarterMarch, 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 Maturity Date then in effect for the Revolving Credit Facility, on the 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each issued and outstanding Letter of Credit in an amount at the rate per annum equal to 0.125 % per annum times the percentage separately agreed upon between Borrower and L/C Issuer, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth (10th) Business Day after the end of each calendar quarterMarch, 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 Maturity Date then in effect for the Revolving Credit Facility, on the 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter with the L/C Issuer (or, in the case of any Discretionary L/C Issuer, the amount as agreed to in writing by the Borrower and such Discretionary L/C Issuer), computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (DST Systems Inc), Credit Agreement (DST Systems Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in (x) with respect to PNC Bank in its capacity as L/C Issuer, the Fee Letter and (y) with respect to each L/C Issuer other than PNC Bank, as set forth in a written agreement between the Borrower and such Person, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions costs and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard out-of-pocket costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Samples: Credit Agreement (Ciner Resources LP), Credit Agreement (Ciner Resources LP)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, a fronting fee of 0.125% per annum with respect to each Letter of Credit in an amount equal to 0.125 % per annum times Credit, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such In the case of SVB, in its capacity as an L/C Issuer, such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, 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 Letter of Credit Expiration Date and thereafter on demand. In the case of each other L/C Issuer, such fronting fee shall be due and payable as agreed in writing between the Borrower and such L/C Issuer. 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 1.071.06. In addition, the applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 2 contracts

Samples: Credit Agreement (ironSource LTD), Credit Agreement (ironSource LTD)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each issued and outstanding Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the BAML Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first (1st) Business Day after the end of each calendar quarterMarch, 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 Maturity Date with respect to the Revolving Credit Facility, on the 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 the greater of (A) $1,500 per Letter of Credit on the date of issuance of the applicable Letter of Credit and, if applicable, each renewal date for such Letter of Credit and (B) 0.125% per annum times of the issued and undrawn amount of such Letter of Credit, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 date on which such Letter of Credit Expiration Date expires in accordance with the terms hereof 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Tanger Properties LTD Partnership /Nc/)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal issued to 0.125 % it or any of its Subsidiaries, at the rate per annum times specified in the Fee Letter, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account account, in Dollars, with respect to each Letter of Credit issued to it or any of its Subsidiaries, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times cent per annum, computed on the daily maximum amount available of such Letter of Credit (a “Fronting Fee”), and payable upon the issuance thereof, and (ii) with respect to be drawn under any amendment of a Letter of Credit increasing the amount of such Letter of Credit. Such fronting fees shall be , at a rate separately agreed between the Borrower and the L/C Issuer, computed on a quarterly basis in arrearsthe amount of such increase, and payable upon the effectiveness of such amendment. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.250% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06.1.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Floor & Decor Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 (i) 1/8 of 1% per annum times the daily maximum amount available to be drawn under each standby Letter of Credit, computed on the daily amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due , and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 Letter of Credit Expiration Date and thereafter on demand, and (ii) 1/8 of 1% per annum times the daily amount of each commercial Letter of Credit, computed and payable on the date of issuance and the date of any extension or increase thereof. 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Carriage Services Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued by it equal to 0.125 0.25% per annum times of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 within ten (10) Business Days of demand and are nonrefundable. The Borrower shall also pay to the L/C Issuer such other fees as may be agreed to by the Borrower and the L/C Issuer in respect of Letters of Credit issued by it.

Appears in 1 contract

Samples: Credit Agreement (Travelport LTD)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at a rate per annum equal to 0.125%, computed on the Dollar Equivalent of the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit in an increasing the amount of such Letter of Credit, at a rate separately agreed between Borrower and the L/C Issuer, computed on the Dollar Equivalent of the amount of such increase, and payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at a rate per annum equal to 0.125 % per annum times 0.125%, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 within two (2) days of demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (RigNet, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each issued and outstanding Letter of Credit in an amount Credit, at a rate per annum equal to 0.125 % per annum times the daily maximum percentage separately agreed upon between Borrower and L/C Issuer, computed on the amount available to be drawn under of such Letter of Credit, and payable upon the issuance thereof. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first (1st) payment), commencing with the first (1st) such date to occur after the issuance of such Letter of Credit, on the Maturity Date of the Revolving Credit Facility, on the 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the Administrative Agent, for the account of the L/C Issuer for its own account Issuer, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day after the end day of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the Administrative Agent, for the account of the L/C Issuer for its own account Issuer, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Hamilton Beach Brands Holding Co)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the each L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Albertsons Companies, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account account, (i) a one-time fronting fee for each commercial Letter of Credit issued by it equal to one-eighth of one percent (1/8%) times the amount of such commercial Letter of Credit, due and payable at the time of issuance and (ii) a fronting fee with respect to each standby Letter of Credit issued by it in an amount equal to 0.125 % one-eighth of one percent (1/8%) per annum times on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be thereunder, due and payable monthly in arrears on the first fifth (5th) Business Day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of such standby 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Armstrong World Industries Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the Administrative Agent, for the account of the L/C Issuer for its own account Issuer, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the Administrative Agent, for the account of the L/C Issuer for its own account Issuer, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.in

Appears in 1 contract

Samples: Credit Agreement (Big 5 Sporting Goods Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (%4) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (%4) with respect to each Standby 75 Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterApril, July, October and January, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (C&J Energy Services, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit Credit, at the rate per annum specified in an amount the Administrative Agent Fee Letter (or in the case of the Existing Letters of Credit, at the rate per annum equal to 0.125 % per annum times 0.125%), 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 fees shall be computed ) and on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 Letter of Credit Expiration 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 by the Borrower promptly following receipt of a reasonably detailed invoice therefor and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Laboratory Corp of America Holdings)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 (accompanied by an invoice therefor) and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Foot Locker Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times (i) in the case of Bank of America, N.A. as L/C Issuer, as specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrearsarrears and (ii) in the case of any other L/C Issuer, as agreed to among the Company and such Person. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.07. In addition, the applicable Borrower Company shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Asbury Automotive Group Inc)

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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit Credit, in an amount equal to 0.125 % the case of Bank of America, at the rate per annum times specified in the BANA/BAS Fee Letter and in the case of each other L/C Issuer, at the rate per annum specified in such fee letter as may be entered into for such purpose between such L/C Issuer and the Borrower, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable to the applicable L/C Issuer on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.09. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable promptly on demand therefor and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Church & Dwight Co Inc /De/)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued by it to the Borrower equal to 0.125 0.125% per annum times of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees fee shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Global Cash Access Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by Bank of America, in an amount equal its capacity as L/C Issuer, at a rate per annum, specified in the Administrative Agent Fee Letter, and with respect to 0.125 % any Letter of Credit issued by another L/C Issuer, at a rate per annum times to be agreed upon by the Borrower and such L/C Issuer, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first fifth Business Day after following the end of each calendar quarterMarch, 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 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 1.071.08. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in the currency of each Letter of Credit, a fronting fee with respect to each such Letter of Credit in an amount issued by such L/C Issuer for the account of the Borrower equal to 0.125 0.125% per annum times (or, in the case of any L/C Issuer, any lesser percentage that may be agreed by the Borrower and such L/C Issuer) of the daily maximum amount then available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September, and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on Credit until the Letter earliest of Credit Expiration Date and thereafter on demand. For purposes (i) the expiration date of computing the daily amount available to be drawn under any such Letter of Credit, (ii) the amount of date on which such Letter of Credit shall be determined in accordance with Section 1.07terminates and (iii) the Termination Date. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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 within five Business Days of demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (F&G Annuities & Life, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Revolving Credit Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount at a rate per annum equal to 0.125 0.25% per annum times unless as otherwise agreed with such L/C Issuer, computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, 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 date on which the Dollar Revolving Credit Commitments shall be terminated as provided herein, on the 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 1.07. In addition, the applicable Borrower Revolving Credit Borrowers 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Platform Specialty Products Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an amount equal (or Existing Letter of Credit Issuer with respect to 0.125 % the Existing Letters of Credit), at the rate per annum times specified in the Fee Letter (or with respect to the Existing Letters of Credit, the rate per annum previously agreed to by the Borrower and the Existing Letter of Credit Issuer), computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.09. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Mantech International Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each issued and outstanding Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first (1st) Business Day after the end of each calendar quarterMarch, 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 Maturity Date with respect to the Revolving Credit Facility, on the 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, 0.200% of the amount available to be drawn under such Letter of Credit in an amount equal and (ii) with respect to 0.125 each standby Letter of Credit issued and outstanding, 0.200% per annum times of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall , computed on the daily amount available to be computed drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.07. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer Issuers 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.

Appears in 1 contract

Samples: Credit Agreement (Ferrellgas Partners Finance Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit Credit, at a rate separately agreed between the Borrowers and the L/C Issuer, and (ii) with respect to each standby Letter of Credit, in an amount equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.6. In addition, the applicable Borrower Borrowers 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Stride Rite Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 a letter of credit fronting fee of 0.125% per annum times on the average daily maximum amount available to be drawn under such each Letter of Credit. Such Credit issued by such L/C Issuer at a per annum rate for each day from the date of issuance to the date of expiration (such fronting fees fee shall be computed on a quarterly basis in arrears. Such fronting fees arrears and shall be due and payable on the first Business Day after the end fifteenth day of each calendar quarterMarch, 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 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 1.07. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment amendment, administration and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effecteffect (including, without limitation, transfer and reinstatement fees). Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Ameron International Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Commencing at such time as there is a Lender in addition to Bank of America, the Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the 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 fees shall be computed ) and on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 Letter of Credit Expiration 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 1.07. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Gevity Hr Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of CreditCredit and on a monthly basis in advance. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day after the end day of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Duckwall Alco Stores Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Each Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (converted to a daily rate) with respect to each Letter of Credit with respect to which it is the Applicant or the Co-Applicant in an the amount equal to 0.125 % per annum times specified in the Fee Letter, 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 fees fee shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.07. In addition, the applicable each 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters each Letter of credit Credit for which such Borrower is the Applicant or Co-Applicant as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Samples: Five Year Credit Agreement (Metlife Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by such L/C Issuer accruing at the rate per annum separately agreed in writing by the Borrower and such L/C Issuer, times the average daily maximum amount available of the L/C Exposure (other than any portion thereof attributable to be drawn under Unreimbursed Amounts) attributable to such Letter of Credit. Such fronting Fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees accrued through and including the last day of each March, June, September and December shall be due and payable quarterly in arrears on the first Business Day after the end of each calendar quarter15th day following such last day, commencing with the first such date to occur after the issuance of such Letter of CreditRestatement Effective Date, and on the Letter of Credit Expiration Date Date, provided that all fronting fees shall be payable on the date on which the Revolving Commitments terminate, and thereafter any fronting fees accruing after the date on which the Revolving Commitments terminate shall be payable 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 1.07. In addition, the applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Concentrix Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount Stated Amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the Stated Amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrearsarrears for the immediately preceding quarter. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterApril, July, October and January, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.in

Appears in 1 contract

Samples: Credit Agreement (Kirkland's, Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account (i) a one-time fronting fee for each commercial Letter of credit equal to 0.25% times the amount of such commercial Letter of Credit and (ii) a fronting fee with respect to for each standby Letter of Credit in an amount equal to 0.125 of 0.125% per annum times the daily maximum amount available to be drawn under such standby Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fees fee for each standby Letter of Credit shall be computed on a quarterly basis in arrears. Such fronting fees , and shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary (for similarly situated "investment grade" credits) issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. A list of such fees, costs and charges as of the Closing Date has been delivered to the Borrower. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Wallace Computer Services Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. (i) The applicable Hong Kong Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Hong Kong Letter of Credit Credit, at a rate to be separately agreed between the applicable L/C Issuer and the Hong Kong Borrower (but in an amount equal any event not to 0.125 exceed 0.25% per annum times annum), computed on the daily maximum amount available to be drawn under such Hong Kong Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 Hong Kong 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Hong Kong Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (GT Advanced Technologies Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by such L/C Issuer, at the rate per annum times specified in the relevant Fee Letter (or as separately agreed in writing by such L/C Issuer and the Borrower), computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first fifteenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (EnLink Midstream, LLC)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of CreditCredit and on a monthly basis in advance. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day after the end day of each calendar quartermonth, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Alco Stores Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.125% per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Company 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (McKesson Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first fifteenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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 (accompanied by an invoice therefor) and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Foot Locker Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Each Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued for the account of such Borrower equal to 0.125 0.250% per annum times of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterJanuary, April, July and October, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable each 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit (to the extent such fees, costs and charges are incurred in connection with the issuance of a Letter or Letters of Credit for the account of such Borrower) as from time to time in effect. Such customary fees and standard costs and charges are due and payable on within five (5) Business Days of demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Dollarama CORP)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each 77 Letter of Credit issued by such L/C Issuer for the account of the Borrower in an amount equal to 0.125 a percentage to that may be agreed by the Borrower and such L/C Issuer (but in any case not to exceed 0.125% per annum times annum) of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of 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 Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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 within five Business Days of demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Dun & Bradstreet Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account Lender (i) a fronting fee with respect to each Letter of Credit in an amount fee for each commercial Letter of Credit equal to 0.125 0.125% per annum times the actual daily maximum amount available to drawn under each such Letter of Credit, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate equal to 0.125% computed on the amount of such increase, and payable upon the effectiveness of such amendment, and (iii) a Letter of Credit fee for each standby Letter of Credit at the rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, 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 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 1.071.06. In addition, the applicable 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 (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer 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.

Appears in 1 contract

Samples: First Lien Credit Agreement (RiskMetrics Group Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by Bank of America, in an amount equal its capacity as L/C Issuer, at a rate per annum, specified in the Administrative Agent Fee Letter, and with respect to 0.125 % any Letter of Credit issued by another L/C Issuer, at a rate per annum times to be agreed upon by the Borrower and such L/C Issuer, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first fifth Business Day after following the end of each calendar quarterMarch, 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 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 1.071.08. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the (i) Bank of America, as an L/C Issuer for its own account account, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by Bank of America, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due , and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand, and (ii) to each other L/C Issuer, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer at a rate separately agreed between such L/C Issuer and the Borrower. 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 1.071.06. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Bob Evans Farms Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by such L/C Issuer, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth (10th) Business Day after the end of each calendar quarterMarch, 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 63 1" = "1" "US 170437103" "" US 170437103 date to occur after the issuance of such Letter of Credit, on the expiry date of such 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 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer 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.

Appears in 1 contract

Samples: Credit Agreement (Getty Realty Corp /Md/)

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