Fronting Fees. The Company shall pay to the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount available to be drawn on such outstanding Letters of Credit.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Group 1 Automotive Inc), Group 1 Automotive Inc, Group 1 Automotive Inc
Fronting Fees. The Company shall pay to the Issuing Bank for its own account a letter of credit fronting fee (the "“Fronting Fees"”) for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of CreditCredit at any time during the term thereof.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)
Fronting Fees. The Company shall pay to the each Issuing Bank for its own account a letter of credit fronting fee (the "“Fronting Fees"”) for each Letter of Credit Issued by the such Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of CreditCredit at any time during the term thereof.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)
Fronting Fees. The Company Borrower shall pay to the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) .125% per annum multiplied by the average daily maximum amount available to be drawn on such outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Lithia Motors Inc)
Fronting Fees. The Company shall pay to the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount available to be drawn on such outstanding Letters of Credit.. THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 66 68
Appears in 1 contract
Fronting Fees. The Company shall pay to the Issuing Bank for its own account account, for each Letter of Credit issued by the Issuing Bank, a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount available to be drawn on such outstanding Letters of Credit.
Appears in 1 contract
Samples: Security and Pledge Agreement (Asbury Automotive Group Inc)
Fronting Fees. The Company shall pay to the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting FeesFRONTING FEES") for each Letter of Credit Issued by the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount available to be drawn on such outstanding Letters of Credit.
Appears in 1 contract
Samples: Revolving Credit Agreement (Group 1 Automotive Inc)