Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit. Such Fronting Fees shall be computed on a quarterly basis in arrears. Such Fronting Fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand. In addition, each Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Primo Water Corp /CN/), Second Libor Transition Amendment (Primo Water Corp /CN/), Credit Agreement (Primo Water Corp /CN/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by equal to the greater of (A) $1,500 per Letter of Credit on the date of issuance of the applicable Letter of Credit and, if applicable, each renewal date for such L/C Issuer in an amount to be agreed between such Borrower Letter of Credit and such L/C Issuer (but in any case, not to exceed B) 0.125% per annum) annum of the Dollar Equivalent issued and undrawn amount of such Letter of Credit, computed on the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the date on which such Letter of Credit Facility Expiration Date expires in accordance with the terms hereof and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, each Borrower shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount Credit, at the rate per annum equal to be agreed between such Borrower and such L/C Issuer (but in any case0.125%, not to exceed 0.125% per annum) of the Dollar Equivalent of computed on the daily maximum amount then 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 fronting fee shall be due and payable on no later than the tenth Business Day after the end of each Marchfiscal quarter end in the most recently-ended quarterly period (or portion thereof, June, September and Decemberin 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 Facility 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 1.06. In addition, each the Borrower shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Parent Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any caseit, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn undrawn Outstanding Amount under such Letter of Credit. Such Fronting Fees shall be computed Credit on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth Business Day after the end (10th) day of each MarchJanuary, JuneApril, September July and DecemberOctober (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, each the applicable Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 3 contracts
Samples: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount it to be agreed between such Borrower and such L/C Issuer (but in any case, not Consolidated Party equal to exceed 0.125% per annum) annum of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the earlier to occur of the Letter of Credit Facility Expiration Date and thereafter the date on demandwhich the Revolving Credit Commitment of all Lenders shall be terminated as provided herein. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) 10 Business Days of demand and are nonrefundable.
Appears in 3 contracts
Samples: Restatement Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount it equal to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annum) of the Dollar Equivalent annum of the daily maximum amount then 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 fronting fee shall be due and payable on the tenth last Business Day after the end of each March, June, September and DecemberDecember (for fronting fees accrued during such calendar quarter or portion thereof), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility 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 1.06. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Akumin Inc.), Revolving Credit Agreement (Akumin Inc.), Revolving Credit Agreement (Akumin Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Parent Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any caseit, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn undrawn Outstanding Amount under such Letter of Credit. Such Fronting Fees shall be computed Credit on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth Business Day after the end (10th) day of each MarchJanuary, JuneApril, September July and DecemberOctober (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, each the applicable Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) Business Days of on demand and are nonrefundable. The Parent Borrower shall pay all accrued and unpaid fronting fees that shall have accrued under this Agreement prior to giving effect to Amendment No 2 on the Amendment No. 3 Effective Date (the “Accrued Fronting Fees”).
Appears in 2 contracts
Samples: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by it for the period from the date of issuance of such Letter of Credit to the termination date of such Letter of Credit at a rate equal to 0.125% per annum (or such other lower amount as may be mutually agreed by the Borrower and the applicable L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annumIssuer) of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer. Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on written demand. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued by it the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters Letters of credit Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within ten (10) Business Days 10 days of demand and are nonrefundable.
Appears in 2 contracts
Samples: Omnibus Incremental Term Loan and Seventh Amendment to Credit Agreement (Global Eagle Entertainment Inc.), Credit Agreement (Global Eagle Entertainment Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount it equal to be agreed between such Borrower and such L/C Issuer the greater of (but in any case, not to exceed 0.125x) 0.25% per annum) of the Dollar Equivalent annum of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) and (y) $500 per annum. Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued by it the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Styron Canada ULC), Credit Agreement (Trinseo S.A.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “account, quarterly, in arrears, the applicable Fronting Fee”) in Dollars Fee with respect to each Letter of Credit issued by such L/C Issuer in an Credit, computed on the amount to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit. Such Fronting Fees shall be computed on a quarterly basis in arrears. Such Fronting Fees Fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember 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 Facility 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 1.06. In addition, each the Borrower shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Revolving Letter of Credit issued by such L/C Issuer in an amount it equal to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annum) of the Dollar Equivalent annum of the daily maximum amount then available to be drawn under such Revolving Letter of Credit (whether or not such maximum amount is then in effect under such Revolving Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Revolving Letter of Credit). Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable on the tenth first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Revolving Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable. The Borrower shall also pay to the L/C Issuers such other fees as may be agreed to by the Borrower and the applicable L/C Issuer in respect of Letters of Credit issued by such L/C Issuer.
Appears in 2 contracts
Samples: Credit Agreement (Travelport LTD), Credit Agreement (Travelport LTD)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The applicable Borrower shall pay directly to each the applicable L/C Issuer for its own account account, in Dollars, a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an Issuer, at the rate per annum equal to 0.125% (or such lesser amount to be agreed between such any respective L/C Issuer as the applicable Borrower and may agree in writing with such L/C Issuer (but in any caseIssuer), not to exceed 0.125% per annum) of computed on the Dollar Equivalent of the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember 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 each applicable Letter of Credit Facility 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 1.09. In addition, each the applicable Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 2 contracts
Samples: Credit Agreement (Alexion Pharmaceuticals Inc), Credit Agreement (Alexion Pharmaceuticals Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower The Company shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such Credit, at the rate per annum specified in the applicable Fee Letter (for Bank of America as L/C Issuer Issuer) or, for any other L/C Issuers, at the rate per annum specified in an amount to be any other letters or as separately agreed upon between such Borrower the Company and such L/C Issuer (but in any caseIssuer, not to exceed 0.125% per annum) of computed on the Dollar Equivalent of the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember 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 Facility 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 1.09. In addition, each Borrower the Company shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable within ten (10) Business Days of on demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an the amount specified in the Fee Letter or in a separate agreement to be agreed between such which the Borrower and such L/C Issuer (but in any caseor its Affiliate) is a party, not to exceed 0.125% per annum) of the Dollar Equivalent of payable on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) determined, in the case of any Letter of Credit denominated in an Alternative Currency, at the Spot Rate. Such Fronting Fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable (i) in the case of any Financial Letter of Credit or Performance Letter of Credit, on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demanddemand and (ii) in the case of any Documentary Letter of Credit, on the date of issuance of any such Letter of Credit. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, correspondent bank fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Parent Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any caseit, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn undrawn Outstanding Amount under such Letter of Credit. Such Fronting Fees shall be computed Credit on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth Business Day after the end (10th) day of each MarchJanuary, JuneApril, September July and DecemberOctober (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, each the applicable Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) Business Days of on demand and are nonrefundable. The Parent Borrower shall pay all accrued and unpaid fronting fees that shall have accrued under this Agreement prior to giving effect to Amendment No 2 on the Amendment No. 23 Effective Date (the “Accrued Fronting Fees”).
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower The Company shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such Credit, at the rate per annum specified in the applicable Fee Letter (for Bank of America as L/C Issuer Issuer) or, for any other L/C Issuers, at the rate per annum specified in an amount to be any other letters or as separately agreed upon between such Borrower the Company and such L/C Issuer (but in any caseIssuer, not to exceed 0.125% per annum) of computed on the U.S. Dollar Equivalent of the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember 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 Facility 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 1.09. In addition, each Borrower the Company shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable within ten (10) Business Days of on demand and are nonrefundable.
Appears in 1 contract
Samples: Credit Agreement (Jacobs Engineering Group Inc /De/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower The Borrowers shall be jointly and severally liable pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount it to be agreed between such Borrower and such L/C Issuer (but in any case, not Consolidated Party equal to exceed 0.125% per annum) annum of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the earlier to occur of the Letter of Credit Facility Expiration Date and thereafter the date on demandwhich the Revolving Credit Commitment of all Lenders shall be terminated as provided herein. In addition, each Borrower the Borrowers shall pay directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) 10 Business Days of demand and are nonrefundable.
Appears in 1 contract
Samples: Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any caseother than commercial Letters of Credit), not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn undrawn Outstanding Amount under such Letter of Credit. Such Fronting Fees shall be computed Credit on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth Business Day after the end (10th) day of each MarchJanuary, JuneApril, September July and DecemberOctober (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.08. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
Appears in 1 contract
Samples: Credit Agreement (HSN, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower The Borrowers shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer Credit, at the rate per annum specified in an amount to be agreed between such Borrower and such L/C Issuer (but in any casethe Fee Letter, not to exceed 0.125% per annum) of the Dollar Equivalent of computed on the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end first day of each Marchmonth in respect of the most recently-ended monthly period (or portion thereof, June, September and Decemberin 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 Facility 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 1.06. In addition, each Borrower the Borrowers shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of on demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower The Company shall pay directly to each the applicable L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such Credit, at the rate per annum specified in the applicable Fee Letter (for Bank of America as L/C Issuer Issuer) or, for any other L/C Issuers, at the rate per annum specified in an amount to be any other letters or as separately agreed upon between such Borrower the Company and such L/C Issuer (but in any caseIssuer, not to exceed 0.125% per annum) of computed on the U.S. Dollar Equivalent of the daily maximum amount then 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 fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and DecemberDecember 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 Facility 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 1.09. In addition, each Borrower the Company shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable within ten (10) Business Days of on demand and are nonrefundable.
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Samples: Credit Agreement (Jacobs Engineering Group Inc /De/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Parent Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any caseit, not to exceed 0.125% per annum) of the Dollar Equivalent of the daily maximum amount then available to be drawn undrawn Outstanding Amount under such Letter of Credit. Such Fronting Fees shall be computed Credit on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth Business Day after the end (10th) day of each MarchJanuary, JuneApril, September July and DecemberOctober (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.10. In addition, each the applicable Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) Business Days of on demand and are nonrefundable.. The Parent Borrower shall pay all accrued and unpaid fronting fees
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer in an amount it to be agreed between such Borrower and such L/C Issuer (but in any case, not Consolidated Party equal to exceed 0.125% per annum) annum of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, -63 on the earlier to occur of the Letter of Credit Facility Expiration Date and thereafter the date on demandwhich the Revolving Credit Commitment of all Lenders shall be terminated as provided herein. In addition, each the Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) 10 Business Days of demand and are nonrefundable.
Appears in 1 contract
Samples: Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The applicable Borrower shall pay directly to each the relevant L/C Issuer for its own account account, in Dollars, a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by such L/C Issuer (or amended) for the account of a Borrower or any of its Subsidiaries, in an amount equal to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annum) annum of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit, computed on the Dollar Equivalent of the amount of such Letter of Credit, or in such other amount as separately agreed between the relevant Borrower and the relevant L/C Issuer. Such Fronting Fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fee shall be due and payable on the tenth first Business Day after following the end last day of each March, June, September and DecemberDecember (or such other date as the relevant Borrower and the relevant L/C Issuer may agree), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility 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 1.09. In addition, each the applicable Borrower shall pay directly to each the applicable L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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 within ten (10) three Business Days of demand and are nonrefundable.
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Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each The Borrower Representative shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of Credit issued by it equal to 0.125% per annum (or such other lower amount as may be mutually agreed by the Borrower Representative and the applicable L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any case, not to exceed 0.125% per annumIssuer) of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer. Such Fronting Fees fronting fees shall be computed on a quarterly basis in arrears. Such Fronting Fees fronting fees shall be due and payable in Dollars on the tenth last Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand. In addition, each the Borrower Representative shall pay pay, or cause to be paid, directly to each L/C Issuer for its own account, in Dollars, account with respect to each Letter of Credit issued for the account of the Borrowers the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 1 contract
Samples: Syndicated Facility Agreement (DTZ Jersey Holdings LTD)