Common use of Fronting Fees and Participation Fees Clause in Contracts

Fronting Fees and Participation Fees. When and as interest is collected on Canadian Revolving Credit Loans and U.K. Revolving Credit Loans and until the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans are refunded in accordance with Sections 3.13 and 3.14, Canadian Agent and U.K. Agent, respectively, shall pay to Canadian Lender and U.K. Lender, respectively, a fee (with respect to Canadian Lender, the "Canadian Fronting Fee," with respect to the U.K. Lender, the "U.K. Fronting Fee" and collectively, the "Fronting Fee") equal to 1/8th of one percent (0.125%) per annum of the outstanding principal balances of the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans, respectively, at such time, and Canadian Agent and U.K. Agent shall pay to each Canadian Participant and U.K. Participant, respectively, a participation fee (a "Participation Fee") equal to the product of such Canadian Participant's or U.K. Participant's, as applicable, corresponding Lender's Revolving Loan Percentage and that portion of interest collected equal to the sum of Applicable Margins then in effect with respect to each of the Canadian Revolving Credit Loans and the U.K. Revolving Credit Loans, respectively, for the relevant interest payment period plus any Default Rate then in effect, less the product of such Canadian Participant's or U.K. Participant's Revolving Loan Percentage and the Fronting Fee. If any Borrower pays less than all of the interest then due and owing by it for any period, that portion of the interest equating to the Participation Fee shall be deemed to be the last portion of interest paid or to be paid.

Fronting Fees and Participation Fees. When and as interest is collected on Canadian Revolving Credit Loans and U.K. Revolving Credit Loans and until the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans are refunded in accordance with Sections SECTIONS 3.13 and 3.14, Canadian Agent and U.K. Agent, respectively, shall pay to Canadian Lender and U.K. Lender, respectively, a fee (with respect to Canadian Lender, the "Canadian Fronting Fee," with respect to the U.K. Lender, the "U.K. Fronting Fee" and collectively, the "Fronting Fee") equal to 1/8th of one percent (0.125%) per annum of the outstanding principal balances of the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans, respectively, at such time, and Canadian Agent and U.K. Agent shall pay to each Canadian Participant and U.K. Participant, respectively, a participation fee (a "Participation Fee") equal to the product of such Canadian Participant's or U.K. Participant's, as applicable, corresponding Lender's Revolving Loan Percentage and that portion of interest collected equal to the sum of Applicable Margins then in effect with respect to each of the Canadian Revolving Credit Loans and the U.K. Revolving Credit Loans, respectively, for the relevant interest payment period plus PLUS any Default Rate then in effect, less the product of such Canadian Participant's or U.K. Participant's Revolving Loan Percentage and the Fronting Fee. If any Borrower pays less than all of the interest then due and owing by it for any period, that portion of the interest equating to the Participation Fee shall be deemed to be the last portion of interest paid or to be paid.

Fronting Fees and Participation Fees. The provisions of this Section 2.6 shall only be effective upon the initial assignment of any of the Loans hereunder by Bank of America or Canadian Lender to another lender in accordance with the provisions of this Agreement. When and as interest is collected on Canadian Revolving Credit Loans and U.K. Revolving Credit Loans Loans, and until the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans are refunded in accordance with Sections 3.13 and 3.14Section 3.2.6, Canadian Agent and U.K. Agent, respectively, Borrower shall pay distribute to the Canadian Lender and U.K. Lender, respectively, a fee (with respect to Canadian Lender, the "“Canadian Fronting Fee," with respect to the U.K. Lender, the "U.K. Fronting Fee" and collectively, the "Fronting Fee"”) equal to 1/8th 1/8 of one percent (0.125%) per annum of the outstanding principal balances balance of the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans, respectively, at such time, and Canadian Agent and U.K. Agent shall pay distribute to each the Canadian Participant and U.K. ParticipantParticipating Lenders, respectivelyratably, a participation per annum fee (a "the “Canadian Participation Fee"”) equal to the product of such Canadian Participant's or U.K. Participant's, as applicable, corresponding Participating Lender's Revolving Loan ’s Canadian Percentage and that portion of interest collected equal to times the sum of Applicable Margins Margin then in effect with respect to each of the for Canadian Revolving Credit Loans and with respect to the U.K. aggregate principal amount of Canadian Revolving Credit Loans, respectively, for Loans outstanding from time to time during the relevant interest payment period term of this Agreement plus any Default Rate then in effect, less . The Canadian Participation Fee shall be distributed by the product Canadian Agent promptly upon receipt of such the relevant Applicable Margin by the Canadian Participant's or U.K. Participant's Revolving Loan Percentage and the Fronting FeeAgent pursuant to Section 2.1.1(b). If any Canadian Borrower pays less than all of the interest then due and owing by it for any period, that portion of the interest equating corresponding to the Canadian Participation Fee shall be deemed to be the last portion of interest paid or to be paid. For purposes of Section 2.13, any interest distributed by Canadian Lender to a Canadian Participating Lender shall be deemed to have been paid by Canadian Borrower.

Fronting Fees and Participation Fees. When and as interest is collected on Canadian Revolving Credit Loans and U.K. Revolving Credit Loans and until the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans are refunded in accordance with Sections 3.13 and 3.14, Canadian Agent and U.K. Agent, respectively, shall pay to Canadian Lender and U.K. Lender, respectively, a fee (with respect to Canadian Lender, the "“Canadian Fronting Fee," ” with respect to the U.K. Lender, the "“U.K. Fronting Fee" ” and collectively, the "“Fronting Fee"”) equal to 1/8th of one percent (0.125%) per annum of the outstanding principal balances of the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans, respectively, at such time, and Canadian Agent and U.K. Agent shall pay to each Canadian Participant and U.K. Participant, respectively, a participation fee (a "“Participation Fee"”) equal to the product of such Canadian Participant's ’s or U.K. Participant's’s, as applicable, corresponding Lender's ’s Revolving Loan Percentage and that portion of interest collected equal to the sum of Applicable Margins then in effect with respect to each of the Canadian Revolving Credit Loans and the U.K. Revolving Credit Loans, respectively, for the relevant interest payment period plus any Default Rate then in effect, less the product of such Canadian Participant's ’s or U.K. Participant's ’s Revolving Loan Percentage and the Fronting Fee. If any Borrower pays less than all of the interest then due and owing by it for any period, that portion of the interest equating to the Participation Fee shall be deemed to be the last portion of interest paid or to be paid.

Fronting Fees and Participation Fees. When and as interest is collected on Canadian Revolving Credit Loans and U.K. Revolving Credit Loans and until the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans Loans, as applicable, are refunded in accordance with Sections 3.13 and and/or 3.14, Canadian Agent and U.K. Agent, respectively, shall pay to Canadian Lender and U.K. Lender, respectively, a per annum fee (with respect to Canadian Lender, the "Canadian Fronting Fee," with respect to the U.K. Lender, the "U.K. Fronting Fee" and collectively, the "“Fronting Fee"”) equal to 1/8th of one percent (0.125%) per annum % of the outstanding principal balances of the Canadian Revolving Credit Loans and U.K. Revolving Credit Loans, respectively, at such time, and Canadian Agent and U.K. Agent Agent, respectively, shall pay to each Canadian Participant and U.K. Participant, respectively, a participation fee (a "“Participation Fee"”) equal to the product of such Canadian Participant's ’s or U.K. Participant's’s, as applicable, corresponding Lender's Revolving Loan Percentage and multiplied by that portion of interest collected equal to the sum of Applicable Margins Percentages then in effect with respect to each of the Canadian Revolving Credit Loans and the U.K. Revolving Credit Loans, respectively, for the relevant interest payment period plus any Default Rate then in effect, less the product of such Canadian Participant's ’s or U.K. Participant's ’s Revolving Loan Percentage and the Fronting Fee. If any Borrower pays less than all of the interest then due and owing by it for any period, that portion of the interest equating to the Participation Fee shall be deemed to be the last portion of interest paid or to be paid.