Fronting Fee and Documentary and Processing Charges. Borrower shall pay directly to L/C Issuer for the account of each Lender in accordance, subject to Section 12.22, with its Applicable Percentage, an annual, non-refundable, fronting fee with respect to each Letter of Credit, in an amount equal to two-tenths of one percent (0.20%) of the face amount of the Letter of Credit. Such fronting fee shall be due and payable upon the issuance or renewal of such Letter of Credit. In addition, Borrower shall pay directly to L/C Issuer for its own account, any amounts set forth in the Fee Letter, the customary issuance, presentation and amendment fees, and other standard costs and charges, of L/C Issuer relating to letters of credit as from time to time in effect. Such fees, costs and charges are due and payable on demand and are nonrefundable.
Appears in 4 contracts
Samples: Modification Agreement (Century Communities, Inc.), Modification Agreement (Century Communities, Inc.), Credit Agreement (Century Communities, Inc.)
