Issuing Bank Charges. The Borrower shall pay to the Issuing Bank, solely for its own account, the standard charges assessed by the Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of Letters of Credit and such compensation in respect of such Letters of Credit for the Borrower's account as may be agreed upon by the Borrower and the Issuing Bank from time to time.
Issuing Bank Charges. Each Borrower for whose account a Letter of Credit has been Issued agrees to pay to each Issuing Bank, solely for its own account, the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of Letters of Credit and such compensation as may be agreed upon by such Borrower and such Issuing Bank from time to time.
Issuing Bank Charges. With respect to each Letter of Credit, the Borrower shall pay to each Issuing Bank, solely for its own account, (i) a fee of one-quarter of one percent (0.25%) of the undrawn face amount of each Letter of Credit payable quarterly in arrears (on the Business Day closest to each calendar quarter-end after the date of issuance thereof) and (ii) the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of letters of credit and such compensation for the Borrower's account as may be agreed upon by the Borrower and such Issuing Bank from time to time.
Issuing Bank Charges. The Borrower applicant shall pay, or cause its Subsidiary for whose account a Letter of Credit is issued to pay, to each Issuing Bank, solely for its own account, the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of Letters of Credit and such compensation in respect of such Letters of Credit for such Borrower's or such Subsidiary's account, as applicable, as may be agreed upon by such Borrower and such Issuing Bank from time to time.
Issuing Bank Charges. The Borrowers shall pay, or cause a Borrower's Subsidiary for whose account a Letter of Credit is issued, as applicable, to pay, to each Issuing Bank, solely for its own account, the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of Letters of Credit and such compensation in respect of such Letters of Credit for the Borrower's or such Subsidiary's account, as applicable, as may be agreed upon by TIMCO and such Issuing Bank from time to time.
Issuing Bank Charges. In addition to the fees described in Section 5.04(c), the Borrower agrees to pay to each Issuing Bank, (i) on the date of issuance of each Letter of Credit (or on such other date as may be agreed between the Borrower and the applicable Issuing Bank), a fronting fee in respect of such Letter of Credit in an amount as shall have been agreed upon between the Borrower and the applicable Issuing Bank prior to such date of issuance, and (ii) all reasonable and customary fees and other issuance, amendment, document examination, negotiation and presentment expenses and related charges in connection with the issuance, amendment, presentation of L/C Drafts, and the like customarily charged by the Issuing Banks with respect to Letters of Credit, including, without limitation, standard commissions, payable promptly following delivery to the Borrower of each invoice in respect of any such amount.
Issuing Bank Charges. In addition to the fees described in Section 5.04(c), the Borrower agrees to pay to each Issuing Bank, (i) on the date of issuance of each Letter of Credit (or on such other date as may be agreed between the Borrower and the applicable Issuing Bank), a fronting fee in respect of such Letter of Credit in an amount not to exceed. 125% per annum of the face amount of such Letter of Credit, and (ii) all reasonable and customary fees and other issuance, amendment, document examination, negotiation and presentment expenses and related charges in connection with the issuance, amendment, presentation of L/C Drafts, and the like customarily charged by the Issuing Banks with respect to Letters of Credit, including, without limitation, standard commissions, payable promptly following delivery to the Borrower of each invoice in respect of any such amount. The Existing Letters of Credit shall not be subject to the charges described herein to the extent such charges are duplicative of charges paid with respect thereto pursuant to the Existing Credit Agreement.
Issuing Bank Charges. The Borrower shall pay to the Issuing Bank, solely for its own account, quarterly in arrears on the fifteenth day of each January, April, July and October beginning after the Initial Funding Date and also on the Termination Date, (i) a processing fee equal to .20% per annum applied (on the basis of actual days elapsed in a 360-day year) to the maximum amount available to be drawn from day to day during the immediately preceding fiscal quarter under each Letter of Credit issued by it, and (ii) the standard charges assessed by the Issuing Bank including charges assessed in connection with the negotiation, amendment or cancellation of Letters of Credit.
Issuing Bank Charges. Any charges, fees, commissions, costs and expenses charged to the Agent and/or the Lenders for the Borrower's account or otherwise by any Issuing Bank in connection with or arising out of Letters of Credit issued pursuant to this Agreement or out of transactions relating thereto will be charged to the Revolving Loan Account in full when charged to and paid by the Agent.
Issuing Bank Charges. The Borrower shall pay, or cause its Subsidiary for whose account a Letter of Credit is issued to pay, to each Issuing Bank, solely for its own account, the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of Letters of Credit and such compensation in respect of such Letters of Credit for the Borrower's or such Subsidiary's account, as applicable, as may be agreed upon prior to issuance of such Letters of Credit by the Borrower and such Issuing Bank. In no event shall an Issuing Bank be relieved of its obligation to issue Letters of Credit in accordance with the terms of this Agreement based upon the Borrower's not agreeing to any such other compensation in addition to the aforesaid standard charges.
