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 5 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 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 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 1.071.06. 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 5 contracts

Samples: Credit Agreement (Information Services Group Inc.), Credit Agreement (Information Services Group Inc.), Credit Agreement (Ixia)

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 % 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 each Interest Payment Date (or portion thereof, in the case of the first Business Day after the end of each calendar quarterpayment), 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)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 (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World 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 with respect to each Letter of Credit in an amount equal Credit, at a rate not to 0.125 exceed 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 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 quarterInterest Payment Date for Base Rate Loans, 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 4 contracts

Samples: Credit Agreement (LL Flooring Holdings, Inc.), Credit Agreement (Lumber Liquidators Holdings, Inc.), Credit Agreement (Lumber Liquidators 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 with respect to each 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 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 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 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 4 contracts

Samples: Credit Agreement (Kirkland's, Inc), Credit Agreement (Kirkland's, Inc), 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 a fronting fee with respect to each Letter of Credit in an amount Credit, at the rate per annum equal to 0.125 % per annum times 0.25%, 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 quarterfiscal quarter of the Borrower, 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 (MSCI Inc.), Credit Agreement (MSCI Inc.), Credit Agreement (MSCI 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 of 0.125%, 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 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 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 (Evi Industries, Inc.), Credit Agreement (EnviroStar, 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, 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 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 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 (Ixia), Credit Agreement (Ixia)

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 fee, with respect to each standby Letter of Credit as set forth in an amount equal to 0.125 % per annum times the daily maximum amount available to be drawn under such Letter of CreditAdministrative Fee Letter. 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 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 (Meredith Corp), Credit Agreement (Meredith 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 Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in one or more Fee Letters, 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 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 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 nonrefundablenon-refundable.

Appears in 2 contracts

Samples: Credit Agreement (Charah Solutions, Inc.), Credit Agreement (Charah Solutions, 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, 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 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 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 nonrefundablenon-refundable.

Appears in 2 contracts

Samples: Credit Agreement (NV5 Global, Inc.), Credit Agreement (NV5 Global, 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 the rate per annum equal to 0.125 % per annum times 0.125%, computed on the average daily maximum stated amount available to be drawn under of 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 Business Day after the end day 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 average daily stated amount available to be drawn under of 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 (Armstrong Flooring, Inc.), Credit Agreement (Armstrong Flooring, 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 the rate per annum equal to 0.125 % per annum times 0.125%, 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 quarterFebruary, May, August and November, 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 (MSCI Inc.), Credit Agreement (MSCI 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 with respect to each 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 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 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 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 (Torrid Holdings Inc.), Credit Agreement (Torrid 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, 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 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 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 (B. Riley Financial, Inc.), Credit Agreement (Calavo Growers 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 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 fee shall be due and payable quarterly in arrears on the first Business Day after the end of each calendar quarterInterest Payment Date applicable to Base Rate Loans, 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 (RealD Inc.), Credit Agreement (RealD 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 applicable 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 , and 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 demand and are nonrefundable.

Appears in 2 contracts

Samples: Credit Agreement (Oneok Inc /New/), Credit Agreement (Oneok Inc /New/)

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 % at the rate per annum times set forth 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 monthly basis in arrears. Such fronting fees fee shall be due and payable on the first Business Day after the end of each calendar quartermonth in respect of the most recently-ended month, 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 (Texas Industries Inc), Credit Agreement (Texas Industries 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 the rate per annum equal to 0.125 % per annum times 0.125%, 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 , and 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 1.071.06. 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 (Global Signal Inc), Credit Agreement (Global Signal 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 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 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 , and due and payable on the first last Business Day after the end of each calendar quarterfiscal quarter of SEI, 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 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 (Stewart Enterprises Inc), Credit Agreement (Stewart Enterprises 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 Bank of America 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 , and 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 1.071.09. In addition, the applicable Borrower shall pay directly to the L/C 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 (McCormick & Co 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 , 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 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 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 (Anika Therapeutics, 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, 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 , and 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 1.071.06. 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 (Storage Technology 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 Letter of Credit in an amount equal to 0.125 % Credit, at the rate 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 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 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 (Ufp Technologies 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 a 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 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 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: Revolving Credit Agreement (Commvault Systems 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 issued by such L/C Issuer, at a rate per annum equal to 0.125 % per annum times 0.25%, 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 , and 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 1.071.06. 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 (Leap Wireless International 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 Issuer, for its own account account, a customary fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times (the “Fronting Fee”) computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit issued by such L/C Issuer and payable 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 shall pay directly to the applicable 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 (Tandy Brands Accessories 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 of 0.25% 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 , and 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 1.071.06. 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 (Smart Balance, 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 per annum with respect to each Letter of Credit in an amount Credit, equal to 0.125 % the rate per annum times specified in the daily maximum Engagement Letter. The amount available to be drawn under of such Letter of Credit. Such fronting fees shall be computed determined on a quarterly basis in arrears. Such fronting fees shall be , and 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 1.071.09. 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 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 and Guaranty Agreement (Ventas Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer Agent, for its own account the benefit of the L/C Issuer, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at a rate per annum times established by the 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 monthly basis in arrears. Such fronting fees fee 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 1.073.14. In addition, the applicable Borrower shall pay directly to the L/C Issuer Agent, for its own account the benefit of the L/C 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: Financing Agreement (Spheris 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 with respect to each Letter of Credit in an amount Credit, each at a rate per annum equal to 0.125 % per annum times 0.25%, accruing on each day on the daily maximum amount available to be drawn under such Letter of CreditCredit on such day. Such fronting fees fee shall be computed on a quarterly basis in arrears. Such fronting fees shall be , and 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 CreditCredit on any day, 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 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 nonrefundablenon-refundable.

Appears in 1 contract

Samples: Credit Agreement (Genpact LTD)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower GMH Operating Partnership 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 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 , and 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 1.071.06. In addition, the applicable Borrower GMH Operating Partnership 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 (GMH Communities Trust)

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, 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 or prior to the first date that is ten (10) Business Day after the Days following each fiscal quarter end of each calendar quarterthe Borrower, 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 (Mission Produce, 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, 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 , and 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 1.07SECTION 1.06. 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 (Pediatrix Medical Group 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 with respect to each 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 available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and payable 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 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 (Pep Boys Manny Moe & Jack)

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 per annum equal to 0.125 % per annum times 0.25%, 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 , and 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 1.071.06. 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 (Genpact 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 Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the applicable 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 , and 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 1.071.06. 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 (Health Care Property Investors 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 in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under each 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 Business Day after 5th day subsequent to the end last day of each calendar quarterApril, July, October and January, 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 demandexpiry date thereof. 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 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: Abl Credit Agreement (Lands End 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 (the “Fronting Fee”) with respect to each Letter of Credit in an amount at a rate 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 and payable 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 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 (Tuesday Morning Corp/De)

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 Credit, at a rate 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 and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end Daycalendar day 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 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 1 contract

Samples: Credit Agreement (Torrid 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 % 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 or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterquarter 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 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 (Green Plains 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, 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 fee shall be due and payable on the first Business Day after the end of each calendar quarter, Quarterly Payment Date commencing with the first such date to occur after the issuance of such Letter of Credit, and on the Letter of Credit L/C Expiration Date and thereafter on demandDate. 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 individual customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Southwest Water Co)

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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 Issuer, for its own account account, a customary fronting fee with respect to each Letter of Credit (the “Fronting Fee”) computed in an amount equal to 0.125 % per annum times a manner determined by the daily maximum amount available to be drawn under such Letter of Creditapplicable L/C Issuer. 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 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, or such other dates as determined by the applicable L/C Issuer. 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 Issuer, for its own account 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)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 (Kid Brands, 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, 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 or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterquarter 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 45 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 (Green Plains 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 the rate equal to 0.125 .15% 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 , 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 1.07. 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 (ONEOK Partners LP)

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 per annum with respect to each Letter of Credit in an amount Credit, equal to 0.125 % the rate per annum times specified in the daily maximum Fee Letter. The amount available to be drawn under of such Letter of Credit. Such fronting fees shall be computed determined on a quarterly basis in arrears. Such fronting fees shall be , and 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 1.071.09. 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 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 and Guaranty Agreement (Ventas 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 of 0.125%, 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 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 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 (Calix, 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 Issuer, for its own account account, a customary fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times (the “Fronting Fee”) computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit issued by such L/C Issuer and payable 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 applicable 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 (Cache 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 with respect to each 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 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 quarterly in arrears on the first Business Day after the end day 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 1.070. 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 (Destination Xl 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 a rate of 0.25% 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 fee shall be due and payable in arrears on the first last Business Day after the end of each calendar quarterquarter after the date hereof, 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 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: Revolving Credit Agreement (Philadelphia Energy Solutions 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 with respect to each 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 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 quarterly in arrears on the first Business Day after the end day 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 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 (Destination Xl 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 in an amount Credit, at the rate per annum equal to 0.125 % per annum times 0.125%, 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 quarterfiscal quarter of the Borrower, 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 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 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 (MSCI 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 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 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 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 (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 (Ufp Technologies Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to make payment for the account of the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an the amount equal to 0.125 0.125% per annum times on the daily maximum stated amount available to be drawn under such of each 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 Business Day after the end day of each calendar quartermonth in respect of the most recently-ended monthly period (or portion thereof), 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 average daily stated amount available to be drawn under for any Letter of Credit, the amount of such Letter of Credit on any date shall be determined in accordance with Section 1.07the maximum amount then available to be drawn thereunder at such time. In addition, the applicable Borrower Borrowers shall pay directly to make payment for the account of 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 (American Apparel, 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 with respect to each 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 available to be drawn under each 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 Business Day after 5th day subsequent to the end last day of each calendar quarterApril, July, October and January, 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 demandexpiry date thereof. 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 1 contract

Samples: Credit Agreement (Sears Hometown & Outlet Stores, 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 standby Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times separately agreed 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 and payable 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 quarterPayment Date occurring in January, 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 1.071.4. 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 (Sunnova Energy International 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, which shall be 0.125% per annum times of the actual daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be Credit 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 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), 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 (Ipayment 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 fee, payable in Dollars with respect to each Letter of Credit in an amount equal to 0.125 % per annum the amounts and at the times specified in the daily maximum amount available Engagement Letter (such fronting fee to be drawn under such Letter based on the Dollar Equivalent amount of the Letters of Credit. Such ); provided, however, that to the extent the applicable Borrower has provided Cash Collateral pursuant to Section 2.14, such Cash Collateralized L/C Obligations shall not be subject to any 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 demandfee. 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 1.071.10. 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 one Business Day after receipt by the Borrowers of an invoice for the same and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Devry 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 with respect to each Letter of Credit in an amount Credit, at a rate equal to 0.125 0.25% per annum times annum, computed on the daily maximum amount available to be drawn under each 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 Business Day after 5th day subsequent to the end last day of each calendar quarterApril, July, October and January, 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 demandexpiry date thereof. 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 1 contract

Samples: Credit Agreement (Sears Hometown & Outlet Stores, 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 of 12.5 basis points per annum with respect to each Letter of Credit in an amount equal to 0.125 % per annum times 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 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 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 1 contract

Samples: Credit Agreement (MSA Safety 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 the amount equal to 0.125 of 0.125% per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees fee shall be computed payable on a quarterly basis in arrears. Such fronting fees shall be arrears and 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 L/C 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 individual customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Rewards Network 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, 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 or prior to the first date that is ten (10) Business Day Days 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 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 and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (U S Physical Therapy Inc /Nv)

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 the amount equal to 0.125 % per annum times specified in the daily maximum amount available to be drawn under such Issuer Documents or as otherwise agreed between the issuer of any Letter of CreditCredit and the Borrowers. Such fronting fees 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 day of each calendar quartermonth in respect of the most recently-ended monthly 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 average daily stated amount available to be drawn under for 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 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 (American Apparel, 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’s Fee Letter, 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 , and 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 demand and are nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Medcath 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 in amount equal to 1/8 of 1% per annum with respect to each Letter of Credit in an amount equal to 0.125 % per annum times 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 , and 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 1.071.06. 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 (Tupperware 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 Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letters, 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 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 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 nonrefundablenon-refundable.

Appears in 1 contract

Samples: Credit Agreement (NV5 Global, 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, 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 or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterquarter 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 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 (AAC 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 % 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 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 1 contract

Samples: Credit Agreement (Reading International 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 % 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 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 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 1 contract

Samples: Credit Agreement (Amedisys Inc)

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