Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of the daily undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day of each January, April, July and October (for fronting fees accrued during the previous calendar quarter 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 L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 6 contracts
Samples: Credit Agreement (Interval Leisure Group, Inc.), Credit Agreement (Interval Leisure Group, Inc.), Credit Agreement (Interval Leisure Group, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Creditat the rate per annum specified in the Fee Letter, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.09. In addition, the Borrower Company shall pay directly to the L/C Issuer for its own account the reasonable and customary issuance, presentation, amendment and other processing fees, and other reasonable and standard costs and 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 5 contracts
Samples: Credit Agreement (Hain Celestial Group Inc), Credit Agreement (Hain Celestial Group Inc), Credit Agreement (Hain Celestial Group Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Company 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, 0.125% of at the rate per annum specified in the Administrative Agent Fee Letter, computed on the actual daily undrawn Outstanding Amount maximum amount available to be drawn under such Letter of Credit on a quarterly basis (whether or not such maximum amount is then in arrears. Such fronting fee shall be effect under such Letter of Credit), due and payable quarterly in arrears on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, Credit and on the L/C Letter of Credit Expiration Date and thereafter on demandDate. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, the Borrower Company shall pay directly to the L/C Issuer for its own account in Dollars the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 4 contracts
Samples: Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee (the “Fronting Fee”) with respect to each Letter of Credit, at a rate equal to 0.125% of per annum, computed on the daily undrawn Outstanding Amount under such amount available with respect to each Letter of Credit Credit, on a quarterly basis in arrears. Such fronting fee fees shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date Date, on the Termination Date, and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount 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 1.101.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 4 contracts
Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee account, quarterly, in arrears, the applicable Fronting Fee with respect to each Letter of Credit, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrearsCredit. Such fronting fee Fronting Fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit of 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Company shall pay directly to the with respect to Bank of America in its capacity as an L/C Issuer Issuer, for its own account a fronting fee with respect to each Letter of Credit, 0.125% at the rate per annum specified in the Fee Letter, computed on the Dollar Equivalent of the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on or prior to the tenth date that is ten (10th10) day of Business Days following each January, April, July and October (for fronting fees accrued during the previous calendar fiscal quarter or portion thereof, in the case of the first payment)end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower Company 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, 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 3 contracts
Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit equal to 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 of the issued and undrawn amount of such Letter of Credit, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Expiration Date date on which such Letter of Credit expires in accordance with the terms hereof and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
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 of 0.125% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on March 31, June 30, September 30 and December 31 in respect of the tenth most recently-ended quarterly period (10th) day of each January, April, July and October (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the such Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (CSI Compressco LP), Credit Agreement (Tetra Technologies Inc), Credit Agreement (Compressco Partners, L.P.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of at the rate per annum specified in the Fee Letter, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fee shall be , and due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demanddemand until no amounts remain to be drawn under such Letter of Credit. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (St Jude Medical Inc), Credit Agreement (St Jude Medical Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Creditat the rate set forth in the Agent Fee Letter, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October December, in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard standard, reasonable costs and charges, of the L/C Issuer relating to letters Letters of credit Credit as from time to time in effect. Such individual customary fees and standard standard, reasonable costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Unitil Corp), Credit Agreement (Unitil Corp)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at 0.125% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Expiration Date and thereafter on demandMaturity Date. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Keyw Holding Corp), Credit Agreement (Keyw Holding Corp)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, of 0.125% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.09. In addition, the 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, 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 (Kyphon Inc), Credit Agreement (Kyphon Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee fee, with respect to each Letter of Credit, 0.125% of at the rate per annum specified in the Fee Letter or any other written agreement with such L/C Issuer, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on or prior to the tenth date that is ten (10th10) day of Business Days following each January, April, July and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)Fiscal Quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters Letters of credit Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on promptly after written demand therefor and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (SP Plus Corp), Assignment and Assumption (SP Plus Corp)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit issued for the account of the Borrower equal to 0.125% per annum of the daily undrawn Outstanding Amount 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 fee fees shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryFebruary, AprilMay, July August and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)November, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such 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: Assignment and Assumption (Refco Inc.), Assignment and Assumption (Refco Information Services, LLC)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect equal to each Letter of Credittwelve and one-half basis points (0.125%), 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each January, April, July and October October, in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Security Agreement (Flow International Corp), Credit Agreement (Flow International Corp)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of one eighth of one percent (.125%) per annum, computed on the daily undrawn Outstanding Amount under maximum stated amount of such Letter of Credit on a quarterly basis in arrearsCredit. Such fronting fee shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount maximum stated amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.102.7.13. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of Credit issued by such L/C Issuer in an amount to be determined by the daily undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrearsBorrower and the applicable L/C Issuer. Such fronting fee shall be due and payable in full by the Borrower to the applicable L/C Issuers, with respect to each Letter of Credit, quarterly in advance on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), December commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the 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, 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 (Republic Services Inc), Credit Agreement (Republic Services Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee (the “Fronting Fee”) with respect to each Letter of Credit, at a rate equal to 0.125% of per annum, computed on the daily undrawn Outstanding Amount under such amount available with respect to each Letter of Credit Credit, on a quarterly basis in arrears. Such fronting fee fees shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount 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 1.101.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Apparel Holding Corp.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125at the rate of 0.200% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each January, April, July and October in respect of the most recently ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125equal to 0.15% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, which shall be 0.125% of the actual daily undrawn Outstanding Amount 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) computed on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Borrowers 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 equal to 0.125% of %, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.07. In addition, the 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, 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.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% at the rate per annum specified in the Bank of America Fee Letter, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fee shall be , and due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demanddemand until no amounts remain to be drawn under such Letter of Credit. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit of 0.125% of per annum computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of at the rate per annum specified in the Fee Letter, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on or prior to the tenth date that is ten (10th10) day Business Days following the end of each Januaryof March, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on within ten (10) Business Days of demand and are nonrefundable..
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall agrees to pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit equal to a rate of 0.125% of per annum times the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit (the “Fronting Fee”). The Fronting Fee shall be (i) computed on a quarterly basis in arrears. Such fronting fee shall be , and (ii) due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (the “Fronting Fee”) with respect to each Letter of Credit, at a rate equal to one-eighth of one per cent (0.125% of %) per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit and payable on a quarterly basis in arrears. Such fronting fee fees shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount 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 1.101.06. In addition, the 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, 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.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Creditat the rate per annum specified in the Fee Letters, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.09. In addition, the Borrower Company shall pay directly to the L/C Issuer for its own account the reasonable and customary issuance, presentation, amendment and other processing fees, and other reasonable and standard costs and 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.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect at the rate per annum equal to each Letter of Credit0.125%, 0.125% of computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The For any period during which there is more than one Lender, the Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of at a rate separately agreed between the Borrower and the L/C Issuer, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on or prior to the tenth date that is ten (10th10) day of Business Days following each January, April, July and October (for fronting fees accrued during the previous calendar fiscal quarter or portion thereof, in the case of the first payment)end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit at a rate of 0.125% of per annum, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day last Business Day of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently-ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the 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, 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.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of at the rate per annum specified in the Fee Letter, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be , and due and payable on the tenth (10th) day Business Day after the end of each JanuaryMarch, AprilJune, July September and October December in respect of the most recently ended quarterly period (for fronting fees accrued during the previous calendar quarter 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 L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
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Samples: Revolving Credit Agreement (Western Refining, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Each Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee (the “Fronting Fee”) with respect to each Letter of Credit, at a rate equal to 0.125% per annum, computed on the Dollar Equivalent of the daily undrawn Outstanding Amount under such amount available with respect to each Letter of Credit Credit, on a quarterly basis in arrears. Such fronting fee fees shall be due and payable on the tenth (10th) day first Business Day after the end of each JanuaryMarch, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount 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 1.101.07. In addition, the 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, 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.
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Samples: Credit Agreement (YCC Holdings LLC)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, 0.125% of at the rate per annum specified in the Fee Letter, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on or prior to the tenth date that is ten (10th10) day Business Day following the end of each Januaryof March, AprilJune, July September and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on within five (5) Business Days of demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to 0.125% of %, computed on the daily undrawn Outstanding Amount amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth (10th) day Business Day after the end of each January, April, July and October (for fronting fees accrued during the previous calendar fiscal quarter or portion thereof, in the case of the first payment)Borrower, commencing with the first such date to occur after the issuance of such Letter of Credit, on each Maturity Date prior to the L/C Letter of Credit Expiration Date, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.101.06. In addition, the 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, 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.
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