Guarantee Commission. The Borrower shall pay to the Agent (for distribution to GIEK) a guarantee commission of 1.75% per annum of the outstanding amounts under the GIEK Guarantee, payable semi-annually in arrears, the first time6 months after the Drawdown Date.
Guarantee Commission. Any prepayment under this Agreement shall be made together with accrued Guarantee Commissions on the amount prepaid.
Guarantee Commission. 9.2.4.1 In respect of each Bank Guarantee issued by the Working Capital Bank under the Working Capital Facility each Borrower for whose account such Bank Guarantee is issued shall pay commission on the Guaranteed Amount of such Bank Guarantee from the date of its issue until it has ceased to be in full force and effect in accordance with Clause 6.6.5 at a rate per annum equal to the Margin which shall:
(a) accrue from day to day on the Guaranteed Amount of such Bank Guarantee; and
(b) be calculated on the basis of actual days elapsed and a 365 day year if the Guarantee is denominated in Sterling and 360 days if in any other currency unless the normal market practice in respect of that currency is for calculations to be made on the basis of a year of 360 days in which case that practice will be adopted.
9.2.4.2 Each Bank Guarantee will be deemed to have been issued on behalf of the Borrower specified in the Guarantee Request relating to that Bank Guarantee.
9.2.4.3 For the purpose of calculating the amount of guarantee commission payable from time to time the period of issue of each Bank Guarantee shall be divided into successive three months periods (each a "GUARANTEE COMMISSION PERIOD") each of which (other than the first which shall begin on the first date on which a Bank Guarantee is issued) shall begin on the expiry of the preceding one. If the full period of the Bank Guarantee does not exceed 3 months the guarantee commission period relating thereto shall be such full period. The guarantee commission shall be payable in arrear on the last day of each guarantee commission period or, if earlier, on the date on which the Guaranteed Amount in respect of such Bank Guarantee is reduced to nil.
Guarantee Commission. 23 7.6 Interest, Commission and Fees under the Overdraft Facility ........ 23 7.7 Calculation and Payment of Interest ............................... 23 7.8 Bank's Determination .............................................. 24
Guarantee Commission. The Borrowers shall pay to NORD/LB a guarantee commission of one point three seven five (1.375) percent per annum on all amounts made available under the Loan CT.B in the form of Payment Guarantees being issued, such guarantee commission being due and payable with regard to each Payment Guarantee quarter-annually in arrears and on the date the Payment Guarantee expires and no contingent liability of NORD/LB is occurred thereunder any longer.
Guarantee Commission. The Borrowers shall pay to the Agent (for the account of the Guarantee Bank) a guarantee commission on the outstanding amount of the Letter of Credit from time to time during the period beginning on the date the Agent has given notice to the Borrowers and the Banks pursuant to Clause 3.1 (Documentary conditions precedent) and ending on the Expiry Date in respect of the Letter of Credit, such commission to be calculated at the rate per annum set out in the Margin and Fee Letter of the amount of the Letter of Credit, and to be payable quarterly in arrears on the last date of each successive period of three (3) months which ends during such period, and on the Expiry Date.
Guarantee Commission. On the date of issue of each Guarantee and on each date which falls three months after the date on which such Guarantee is issued the Borrowers will pay to the Bank a commission calculated at the rate of one-quarter of one per cent. of the maximum potential liability of the Bank under such Guarantee as at such date of issue or such three-monthly date (as the case may be).
Guarantee Commission. The Indemnifier shall pay to the Agent a guarantee commission calculated at the rate of (i) one point six two five per centum (1.625%) per annum in respect of any Bank Guarantee expiring on a date falling on or less than thirty nine (39) months after its Issue Date or (ii) two point five per centum (2.5%) per annum in respect of any Bank Guarantee expiring on a date falling more than thirty nine (39) months after its Issue Date (the "Guarantee Commission") on the maximum amount for which each Bank Guarantee is issued. The Guarantee Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears with a first payment due on the date which is three months after the date of the issue of the first Bank Guarantee and a final pro rata payment on the last day of the Facility Period (each a "Commission Payment Date").
Guarantee Commission. The Borrower shall pay to the Issuing Bank a guarantee commission in respect of the Bank Guarantees in an amount equal to the Applicable Margin, payable quarterly in arrears.
Guarantee Commission. The Borrower shall pay to the Agent a guarantee commission calculated at the rate of one point six two five per centum (1.625%) per annum (the “Guarantee Commission”) on the maximum amount of the Bank Guarantee Outstandings from time to time. The Guarantee Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears with a first payment due on the date which is three months after the date of the issue of the first Bank Guarantee and a final pro rata payment on the last day of the Facility Period (each a “Commission Payment Date”).
