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

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each January, April, July, and October 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 L/C, on the L/C Expiration Date, and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C shall be determined in accordance with Section 1.7. In addition, Borrower shall pay directly to 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 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.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower The Company shall pay directly to each L/C Issuer, Issuer for its own account, account a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cseach Letter of Credit issued by it, at the rate of 1⁄4 of 1.00% per annum (but in no event less than $500 per annum for each Letter of Credit) (i) with respect to each Trade Letter of Credit, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a Trade Letter of Credit increasing the amount or extending the term of such Trade Letter of Credit, computed on the amount of such increase, and payable upon the effectiveness of such amendment (provided that the $500 per annum minimum set forth in the previous parenthetical shall not apply to an amendment of a Trade Letter of Credit), and (iii) with respect to each Standby Letter of Credit, computed on the daily amount agreed upon by Borrower and available to be drawn under such L/C IssuersStandby Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Letter of Credit Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, Borrower the Company shall pay directly to the applicable each L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, account a fronting fee in an (i) with respect to each commercial Letter of Credit, equal to 0.125% per annum times the maximum stated amount specified in of such Letter of Credit, and payable upon the applicable Fee issuance thereof, (ii) with respect to any amendment of a commercial Letter executed by of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the Borrower and such L/C Issuer, or computed on the amount of such other amount as may be increase, and payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at the rate per annum equal to the percentage separately agreed upon by between the Borrower and such L/C Issuer, or, with respect computed on the daily amount available to commercial L/Cs, be drawn under such Letter of Credit on a quarterly basis in an amount agreed upon by Borrower and such L/C Issuersarrears. Such fronting fee for such standby Letters of Credit shall be due and payable (i) with respect to standby L/Cs, on no later than the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October December in respect of the most recently-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 L/CLetter of Credit, on the L/C Expiration Date, Maturity Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on within ten (10) Business Days after written demand therefor (accompanied by a reasonably detailed invoice therefor) and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower The Company shall pay directly to each the applicable L/C Issuer, Issuer for its own account, in Dollars, a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cseach Letter of Credit issued by it, at the rate of 0.125% per annum, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in an amount agreed upon by Borrower and such L/C Issuersarrears. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment)) or, if later, the fifth Business Day after the Company has received an invoice therefor, commencing with the first such date to occur after the issuance of such L/CLetter of Credit, on the Letter of Credit Expiration Date applicable to such L/C Expiration Date, Issuer and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.07. In addition, Borrower the Company shall pay directly to the applicable L/C Issuer for its own account, in Dollars Dollars, the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges charges, of such L/C Issuer relating to letters of credit issued by it as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at the rate of 0.125%, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the applicable Borrower and the applicable L/C Issuer, for its own accountcomputed on the amount of such increase, a fronting fee in an amount specified in and payable upon the applicable Fee Letter executed by Borrower effectiveness of such amendment, and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, (iii) with respect to commercial L/Cseach standby Letter of Credit, at the rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in an amount agreed upon by Borrower and such L/C Issuers. arrears Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, each Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to each L/C Issuer, Issuer for its own account, in Dollars, a fronting fee in an with respect to each Letter of Credit issued by it for the account of the Borrower (whether for the benefit of the Borrower or its Subsidiaries) equal to 0.125% per annum (or such other lower amount specified in as may be mutually agreed by the applicable Fee Letter executed by requesting Borrower and the applicable L/C Issuer) of the maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit 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, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable (i) with respect to standby L/Cs, in Dollars on the tenth last Business Day after the end of each JanuaryMarch, AprilJune, July, September and October in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment)December, commencing with the first such date to occur after the issuance of such L/CLetter of Credit, on the L/C earlier to occur of the Letter of Credit Sublimit Expiration Date, Date and thereafter the date on demand, or (ii) with respect to commercial L/Cs, upon which the issuance thereof and with respect to any amendment increasing the amount Revolving Credit Commitment of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C all Lenders shall be determined in accordance with Section 1.7terminated as provided herein. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account, in Dollars account with respect to each Letter of Credit issued for the account of the Borrower (whether for the benefit of the Borrower or its Subsidiaries) the customary and reasonable issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on within 30 days of demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each standby Letter of Credit, at the rate per annum specified in (A) (1) the Bank of America Fee Letter, with respect to Bank of America, in its capacity as an L/C Issuer, for (2) the Mizuho Fee Letter, with respect to Mizuho Bank, Ltd., in its own accountcapacity as an L/C Issuer and (3) the Citibank Fee Letter, a fronting fee with respect to Citibank, in its capacity as an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount and (B) as may be agreed upon by specified in written agreements between the Borrower and such the applicable L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such any L/C IssuersIssuer other than Bank of America, in its capacity as L/C Issuer, computed on the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) and on a quarterly basis in arrears. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Letter of Credit Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower The Company shall pay directly to each L/C Issuer, Issuer for its own account, in Dollars, a fronting fee (i) with respect to each commercial Letter of Credit of such L/C Issuer, at a rate per annum as the Company may agree to in an writing with such L/C Issuer, computed on the amount specified in of such Letter of Credit, and payable upon the applicable Fee issuance thereof, (ii) with respect to any amendment of a commercial Letter executed by Borrower of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the Company and such L/C Issuer, or computed on the amount of such other amount increase, and payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at a rate per annum as the Company may be agreed upon by Borrower and agree to in writing with such L/C Issuer, or, with respect Issuer computed on the actual daily maximum amount available to commercial L/Cs, be drawn under such Letter of Credit (whether or not such maximum amount is then in an amount agreed upon by Borrower effect under such Letter of Credit) and such L/C Issuerson a quarterly basis in arrears. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after 15th day following the end last day of each January, April, July, and October in respect of calendar quarter for the most recently-ended quarterly period immediately preceding quarter (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such L/CLetter of Credit, on the L/C Letter of Credit Expiration Date, and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C shall be determined in accordance with Section 1.7. In addition, Borrower the Company shall pay directly to the applicable L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower shall pay directly to L/C Issuers for their own respective accounts a fronting fee (i) with respect to each commercial Letter of Credit, at the rate specified in the Agent Fee Letter, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the applicable Borrower and the applicable L/C Issuer, for its own accountcomputed on the amount of such increase, a fronting fee in an amount and payable upon the effectiveness of such amendment,and (iii) with respect to each standby Letter of Credit, at the rate per annum specified in the applicable Agent Fee Letter, computed on the daily amount available to be drawn under such Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, of Credit on a quarterly basis in an amount agreed upon by Borrower and such L/C Issuers. arrears Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth last Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, each Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, in Dollars, a fronting fee in an amount specified in (i) with respect to each commercial Letter of Credit issued for the applicable Fee Letter executed Borrower’s account, at such rates as may be mutually agreed by the Borrower and such L/C Issuer, or (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such other amount as may be Letter of Credit, at a rate separately agreed upon by between the Borrower and such L/C Issuer, orcomputed on the Dollar Equivalent of the amount of such increase, and payable upon the effectiveness of such amendment, and (iii) with respect to commercial L/Cseach standby Letter of Credit, in an amount at such rates as may be mutually agreed upon by the Borrower and such L/C IssuersIssuer. Such fronting fee pursuant to clauses (i) and (iii) above shall be due and payable (i) with respect to standby L/Cs, on the tenth last Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Letter of Credit Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars Dollars, the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each January, April, July, and October 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 L/C, on the L/C Expiration Date, and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C shall be determined in accordance with Section 1.7thereof. In addition, Borrower shall pay directly to 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower Xxxxxxxx and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each January, April, July, and October 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 L/C, on the L/C Expiration Date, and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C shall be determined in accordance with Section 1.7. In addition, Borrower shall pay directly to 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 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.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee in an amount specified in the applicable Fee Letter executed by Borrower and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each January, April, July, and October 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 L/C, on the L/C Expiration Date, and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/C, the amount of such L/C shall be determined in accordance with Section 1.7. In addition, Borrower shall pay directly to 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 on demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The applicable Borrower shall pay directly to each the relevant L/C Issuer, Issuer for its own account, in Dollars, a fronting fee with respect to each Letter of Credit issued (or amended) for the account of a Borrower or any of its Subsidiaries, in an amount specified equal to 0.125% per annum of the amount 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 applicable Fee Letter executed by relevant Borrower and such the relevant L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, with respect to commercial L/Cs, in an amount agreed upon by Borrower and such L/C Issuers. Such fronting fee shall be due and payable on the first Business Day following the last day of each March, June, September and December (i) with respect to standby or such other date as the relevant Borrower and the relevant L/Cs, on the tenth Business Day after the end of each January, April, July, and October in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first paymentC Issuer may agree), commencing with the first such date to occur after the issuance of such L/CLetter of Credit, on the L/C Letter of Credit Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.09. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars Dollars, the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on within three Business Days of demand and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. Each Borrower shall pay directly to L/C Issuers for their own respective accounts a fronting fee (i) with respect to each commercial Letter of Credit, at the rate of 0.125%, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the applicable Borrower and the applicable L/C Issuer, for its own accountcomputed on the amount of such increase, a fronting fee in an amount specified in and payable upon the applicable Fee Letter executed by Borrower effectiveness of such amendment, and such L/C Issuer, or such other amount as may be agreed upon by Borrower and such L/C Issuer, or, (iii) with respect to commercial L/Cseach standby Letter of Credit, at the rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in an amount agreed upon by Borrower and such L/C Issuers. arrears Such fronting fee shall be due and payable (i) with respect to standby L/Cs, on the tenth Business Day after the end of each JanuaryMarch, AprilJune, July, September and October 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 L/CLetter of Credit, on the L/C Expiration Date, Date and thereafter on demand, or (ii) with respect to commercial L/Cs, upon the issuance thereof and with respect to any amendment increasing the amount of such commercial L/C, on the amount of such increase, and payable upon the effectiveness of such amendment. For purposes of computing the daily amount available to be drawn under any L/CLetter of Credit, the amount of such L/C Letter of Credit shall be determined in accordance with Section 1.71.06. In addition, each Borrower shall pay directly to the applicable L/C Issuer for its own account, in Dollars account the customary issuance, presentation, amendment, amendment and other processing fees, and other standard costs and charges 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 on demand and are nonrefundable.