Common use of Issuing Lender Fee Clause in Contracts

Issuing Lender Fee. Each Borrower for whose account a Letter of Credit or Lender Guarantee is issued shall pay to the Issuing Lender which issued that Letter of Credit or Lender Guarantee a fee of 0.125% per annum on the Contingent Liability of such Issuing Lender from day to day in relation to that Letter of Credit or Lender Guarantee (excluding the proportion of such liability not counter-indemnified or guaranteed by other Lenders). That fee shall be payable quarterly in arrears for so long as such Issuing Lender has any such Contingent Liability and on the date on which it ceases to have any such Contingent Liability.

Issuing Lender Fee. Each Borrower for whose account a Letter of Credit or Lender Guarantee is issued issued, shall pay to the Issuing Lender which issued that Letter of Credit or Lender Guarantee a fee of equal to 0.125% per annum on the Contingent Liability of such Issuing Lender from day to day in relation to that Letter of Credit or Lender Guarantee (excluding the proportion of such liability not counter-indemnified or guaranteed by the other Lenders). That fee shall be payable quarterly in arrears for so long as such Issuing Lender has any such Contingent Liability and on the date on which it ceases to have any such Contingent Liability.