Common use of Issue Fee Clause in Contracts

Issue Fee. The Borrower shall on the fifth Business Day following the end of each Financial Quarter and on the Maturity Date pay to the Administrative Agent, in relation to each Letter of Credit issued under the Credit Facility, for the account of the relevant Lenders a fee in respect of each such Letter of Credit outstanding during any portion of such Financial Quarter equal to that specified under “Issuance fee” in the definition of “Applicable Margin” multiplied by an amount equal to the undrawn portion of the Face Amount of each such Letter of Credit, such fee to be payable in Cdn. Dollars and determined for a period equal to the number of days during such Financial Quarter that each such Letter of Credit was outstanding.

Appears in 1 contract

Samples: Third Amending Agreement (Telus Corp)

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Issue Fee. The Borrower shall on the fifth Business Day following the end of each Financial Quarter and on the Maturity Date pay to the Administrative Agent, in relation to each Letter of Credit issued under the Credit Facility, for the account of the relevant Lenders a fee in respect of each such Letter of Credit outstanding during any portion of such Financial Quarter equal to that specified under "Issuance fee" in the definition of "Applicable Margin" multiplied by an amount equal to the undrawn portion of the Face Amount of each such Letter of Credit, such fee to be payable in Cdn. Dollars and determined for a period equal to the number of days during such Financial Quarter that each such Letter of Credit was outstanding.

Appears in 1 contract

Samples: Credit Agreement (Telus Corp)

Issue Fee. The Borrower shall on the fifth Business Day following the end of each Financial Quarter and on the Maturity Date termination of each Letter of Credit pay to the Administrative Agent, Agent in relation to each such Letter of Credit issued under the Credit Facility, for the account of the relevant Lenders a fee in respect of each such Letter of Credit outstanding during any portion of such Financial Quarter equal to that specified under "Issuance fee" in the definition of "Applicable Margin" multiplied by an amount equal to the undrawn portion of the Face Amount of each such Letter of Credit, such fee to be payable in Cdn. Dollars the currency of issue and determined for a period equal to the number of days during such Financial Quarter that each such Letter of Credit was outstanding.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Inc)

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Issue Fee. The Borrower shall on the fifth Business Day following the end of each Financial Quarter and on the Maturity Date termination of each Letter of Credit pay to the Administrative Agent, Agent in relation to each such Letter of Credit issued under the Credit Facility, for the account of the relevant Lenders a fee in respect of each such Letter of Credit outstanding during any portion of such Financial Quarter equal to that specified the applicable percentage under “Issuance fee” the heading "LCs" in the definition of "Applicable Margin" multiplied by an amount equal to the undrawn portion of the Face Amount of each such Letter of Credit, such fee to be payable in Cdn. Dollars the currency of issue and determined for a period equal to the number of days during such Financial Quarter that each such Letter of Credit was outstanding.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Inc)

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