L/C Facility Fees Sample Clauses

L/C Facility Fees. (a) Upon the issuance of any Letter of Credit, on each Interest Payment Date occurring on or after the date thereof, the Borrowers shall pay (i) to each Issuing Bank (solely to the extent (x) such Issuing Bank is fronting for other Lenders and (y) such Letter of Credit has not been Cash Collateralized in accordance with this Agreement) for its own account a fronting fee in arrears with respect to each Letter of Credit issued by such Issuing Bank which shall accrue on a daily basis at a rate per annum equal to the product of (A) 0.125% times (B) the daily average Available Amount of such Letter of Credit during such quarter (or portion thereof), including the first day, but excluding the last day of such quarter (or a portion thereof), times (C) a fraction, the numerator of which is the number of days in such quarter (or a portion thereof), including the first day of such period, but excluding the last day of such period, and the denominator of which is 360; and (ii) to the Administrative Agent (for further credit to the ratable account of the Revolving Lenders) a participation fee in arrears which shall accrue on a daily basis at a rate per annum equal to the product of (A) the Applicable Margin with respect to Eurodollar Rate Advances times (B) the daily average outstanding amount of such Letter of Credit during such quarter (or portion thereof), including the first day, but excluding the last day of such quarter (or a portion thereof), times (C) a fraction, the numerator of which is the number of days in such quarter (or a portion thereof), including the first day of such period, but excluding the last day of such period, and the denominator of which is 360.
Sample 1
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L/C Facility Fees. The Borrower shall pay to the Administrative Agent for the account of each Working Capital Lender a commission, payable quarterly on the last Business Day of each March, June, September and December, commencing on June 30, 2006 and on the Termination Date (and ending on the date the Working Capital Commitment is terminated), on such Working Capital Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Working Capital Letters of Credit outstanding from time to time during such quarter at a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances then in effect. LSP Gen Finance First Lien Credit Agreement
Sample 1
L/C Facility Fees. (i) The Borrower shall pay to the Administrative Agent for the account of each Lender a commitment fee (the “L/C Commitment Fee”), payable in arrears quarterly on the last Business Day of each March, June, September and December, commencing on September 30, 2006 and on the Termination Date (and ending on the date the L/C Commitment is terminated), on such Lender’s Unused L/C Commitment at a rate per annum equal to 0.50%.
Sample 1
L/C Facility Fees. (a) Upon the issuance of any Letter of Credit, on each Interest Payment Date occurring on or after the date thereof, the Borrower shall pay (i) to each Issuing Bank for its own account a fronting fee in arrears with respect to each Letter of Credit issued by such Issuing Bank which shall accrue on a daily basis at a rate per annum equal to the product of (A) an amount to be mutually agreed between the Issuing Bank and the Borrower times (B) the daily average Available Amount of such Letter of Credit during such quarter (or portion thereof), including the first day, but excluding the last day of such quarter (or a portion thereof), times
Sample 1

Related to L/C Facility Fees

  • LC Facility Fees Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily stated amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Agent, for its own account, a fronting fee equal to 0.125% per annum on the stated amount of each Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.

  • Facility Fees The Company shall pay to the Administrative Agent for the account of each Bank a facility fee on such Bank’s Credit Exposure, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, at a rate per annum equal to the applicable Facility Fee Rate set forth in the Pricing Schedule. Such facility fee shall accrue from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on June 29, 2012 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date; provided that, in connection with any reduction or termination of the Credit Exposures pursuant to Section 2.05 or 2.06, the accrued facility fee calculated for the period ending on such date shall also be paid on the date of such reduction or termination, with the next succeeding quarterly payment, if any, being calculated on the basis of the period from the reduction date to such quarterly payment date. The facility fees provided in this subsection shall accrue at all times after the above-mentioned commencement date, including at any time during which one or more conditions in Article 4 are not met.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Revolving Credit Facility Fee From the Effective Date to the Revolving Credit Maturity Date, the Borrowers shall pay, jointly and severally, to the Agent for distribution to the Lenders pro-rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing January 1, 2008 and on the first day of each calendar quarter thereafter (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Lender shall be determined by multiplying the Applicable Fee Percentage times such Lender’s Revolving Credit Percentage of the Revolving Credit Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, Agent shall make prompt payment to each Lender of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not refundable.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Termination Date, commencing on the first of such dates to occur after the date hereof.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

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