Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met). Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 3 contracts
Samples: Credit Agreement (Bloomin' Brands, Inc.), Credit Agreement (Bloomin' Brands, Inc.), Credit Agreement (Bloomin' Brands, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of in the daily maximum amount then available to be drawn under such set forth in the applicable Fee Letter of Credit (determined without regard to whether any conditions to drawing could then be metthe “L/C Fronting Fee”). Such fronting fees The L/C Fronting Fee shall be (x) computed on a quarterly basis in arrears and (y) shall be due and payable on the first last Business Day after the end of each MarchFiscal Quarter (as well as on the Letter of Credit Expiration Date) for the Fiscal Quarter (or portion thereof) then ending, June, September and December, commencing beginning with the first of such date dates to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each the applicable L/C Issuer for its own 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 (Texas New Mexico Power Co), Credit Agreement (Texas New Mexico Power Co)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum (or such other amount as is agreed in a separate writing between the relevant L/C Issuer and the Borrower) of the daily maximum face amount then available to be drawn under of such Letter of Credit (determined without regard to whether any conditions to drawing could then be met)Credit. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) due and payable on the first last Business Day after the end of each of 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 2 contracts
Samples: Credit Agreement (Solo Brands, Inc.), Credit Agreement (Solo Brands, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower Company shall pay directly to each L/C Issuer, Issuer for its own account, 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 of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met)Credit. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) arrears. Such fronting fees shall be due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower Company shall pay directly to each L/C Issuer for its own 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.
Appears in 2 contracts
Samples: Credit Agreement (Shoals Technologies Group, Inc.), Credit Agreement (Shoals Technologies Group, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant applicable Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum it, at the rate specified in the Fee Letter, computed on the Dollar Equivalent of the actual daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could or not such maximum amount is then be metin effect under such Letter of Credit). Such fronting fees shall be (x) computed , on a quarterly basis in arrears arrears, and (y) due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant applicable Borrower shall pay directly to each the applicable L/C Issuer for its own 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 (GFI Group Inc.), Credit Agreement (GFI Group Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met). Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each the Administrative Agent, for the account of the L/C Issuer, for its own account, a fronting fee (a “Fronting Fee”) with respect to each Letter of Credit issued by it equal to 0.125the greater of (i) $500 or (ii) 0.25% per annum of the daily maximum amount then available to be drawn Available Amount of under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met)Credit. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) due and shall be payable on the first last Business Day after the end of each March, June, September and DecemberDecember and on the Maturity Date, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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 five (105) Business Days of demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant applicable Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to it, at a rate of 0.125% per annum annum, computed on the Dollar Equivalent of the actual daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could or not such maximum amount is then be metin effect under such Letter of Credit). Such fronting fees shall be (x) computed , on a quarterly basis in arrears arrears, and (y) due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant applicable Borrower shall pay directly to each the applicable L/C Issuer for its own 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 (GFI Group Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each the applicable L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125one-eighth of 1% per annum of times the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could or not such maximum amount is then be metin effect under such Letter of Credit). Such fronting letter of credit fees shall be (x) computed on a quarterly basis in arrears and (y) arrears. Such letter of credit fees shall be due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each the applicable L/C Issuer for its own 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
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Parent Borrower shall pay directly to each L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of (or such other lower rate as may be mutually agreed by the Parent Borrower and the applicable L/C Issuer) on the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met)Credit. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) arrears. Such fronting fees shall be due and payable on the 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, Credit and on the Letter of Credit Expiration Date and thereafter on demand. In addition, the relevant Parent Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 1 contract
Samples: Credit Agreement (Axcan Intermediate Holdings Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, Issuer for its own account, account a fronting fee payable in Dollars with respect to each Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount Dollar Amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then or such lesser fee as may be met)agreed with such L/C Issuer. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) arrears. Such fronting fees shall be due and payable on the 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 Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, Issuer for its own account, account a fronting fee with respect to each Letter of Credit issued by it for the account of the Borrower or its Subsidiaries equal to 0.125% per annum of the daily maximum amount Dollar Amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met)Credit. Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each MarchApril, JuneJuly, September October and DecemberJanuary, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer 102 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
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The relevant Borrower shall pay directly to each L/C Issuer, for its own account, a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available to be drawn under such Letter of Credit (determined without regard to whether any conditions to drawing could then be met). Such fronting fees shall be (x) computed on a quarterly basis in arrears and (y) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the 193389590_5 issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the relevant Borrower shall pay directly to each L/C Issuer for its own 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.
Appears in 1 contract