Common use of Issuing Lender Fees Clause in Contracts

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth of one percent (.25%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on the last day of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 3 contracts

Samples: Credit Agreement (Shorewood Packaging Corp), Credit Agreement (Shorewood Packaging Corp), Credit Agreement (Shorewood Packaging Corp)

AutoNDA by SimpleDocs

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth of one percent (.25%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on the last day of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 2 contracts

Samples: Credit Agreement (Riddell Sports Inc), Credit Agreement (Varsity Spirit Corporation)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the applicable Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth eighth of one percent (.251/8%) per annum on the total sum of the undrawn amounts of all Letters of Credit issued by the Issuing LenderLenders, such fee to be paid quarterly in arrears on 15 days after the last day of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender Lenders for its their services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 2 contracts

Samples: Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Ivex Packaging Corp /De/)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth of one percent (.25%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on 15 days after the last day end of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 2 contracts

Samples: Credit Agreement (Knoll Inc), Credit Agreement (Sports & Recreation Inc)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth eighth of one percent (.251/8%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on 15 days after the last day end of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 2 contracts

Samples: Credit Agreement (Covance Inc), Credit Agreement (Covance Inc)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth of one percent (.25%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on 15 days after the last day end of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender FeesISSUING LENDER FEES").

Appears in 1 contract

Samples: Credit Agreement (Jumbosports Inc)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (ib) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (Ai) a letter of credit fronting fee equal to one-fourth 0.125% of one percent (.25%) per annum on the total sum face amount of all Letters each Letter of Credit issued by the Issuing LenderCredit, such fee to be paid quarterly due and payable in arrears on the last day Business Day of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Maturity Date) for the fiscal quarter then ending and for the Letters of Credit issued during such fiscal quarter and (Bii) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit Credit, and (collectively, the "Issuing Lender Fees").

Appears in 1 contract

Samples: Credit Agreement (Ryans Family Steakhouses Inc)

AutoNDA by SimpleDocs

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth eighth of one percent (.251/8%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on 5 Business Days after the last day end of each fiscal calendar quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers shall Borrower promises to pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth eighth of one percent (.251/8%) per annum on the total sum of all Letters of Credit outstanding issued by the Issuing Lender, such fee to be paid quarterly in arrears on 15 days after the last day end of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, each the Borrowers Borrower shall pay to the Issuing Lender for its own account, without sharing by the other Lenders, (A) a fee equal to one-fourth of one percent (.25%) per annum on the total sum of all Letters of Credit issued by the Issuing Lender, such fee to be paid quarterly in arrears on 15 days after the last day end of each fiscal quarter of the respective Borrower (as well as on the Revolving Loans Loan Maturity Date) and (B) the customary charges from time to time to the Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").. ------------------- 34

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!