Common use of L/C Fees Clause in Contracts

L/C Fees. Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Revolving Credit Percentage Share a fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Rate for Eurodollar Rate Loans multiplied by the daily amount available to be drawn under such Letter of Credit. L/C Fees shall be: (i) computed on a quarterly basis in arrears; and (ii) due and payable on the last Business Day of each March, June, September and December (in each case for the calendar quarter then ending), commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, then the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of Required Lenders, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.

L/C Fees. Borrower shall pay to Administrative Agent for the account of the Lenders (to be paid by Agent to each Lender (other than any Defaulting Lender) in accordance with its Revolving Credit Percentage Share a Applicable Percentage) an aggregate fee (the “L/C Fee”) for the issuance of each Letter of Credit in an amount per annum equal to the greater of the Applicable Rate for Eurodollar Rate Loans multiplied by times the daily maximum face amount available to be drawn under such of the Letter of CreditCredit determined in accordance with Section 1.06 or $1,000. Such L/C Fees Fee shall be: (i) computed on a be payable prior to the issuance of each Letter of Credit and thereafter in quarterly basis in arrears; and (ii) due and payable installments on the last first Business Day after the end of each March, June, September and December (in each case for the calendar quarter then ending)December, commencing with on the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, then the daily amount available to be drawn under each Letter of Credit L/C Fee shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.

L/C Fees. Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Revolving Credit Applicable Percentage Share a L/C fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Rate for Eurodollar Rate Loans multiplied by times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. L/C Fees shall be: be (i) computed on a quarterly basis in arrears; and (ii) due and payable on the last first Business Day after the end of each March, June, September and December (in each case for the calendar quarter then ending)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demanddemand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, then the daily amount available to be drawn under each standby Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.

L/C Fees. Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Revolving Credit Percentage Share a L/C fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Rate for Eurodollar Rate Loans multiplied by times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. L/C Fees shall be: be (i) computed on a quarterly basis in arrears; and (ii) due and payable on the last first Business Day after the end of each March, June, September and December (in each case for the calendar quarter then ending)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demanddemand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, then the daily amount available to be drawn under each standby Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of Required Lendersthe Lender, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.

L/C Fees. Borrower shall pay to Administrative Agent for the account Lender a letter of each Lender in accordance with its Revolving Credit Percentage Share a credit fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Rate for Eurodollar Rate Loans multiplied by times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. L/C Fees shall be: be (i) computed on a quarterly basis in arrears; and (ii) due and payable on the last first Business Day after the end of each March, June, September and December (in each case for the calendar quarter then ending)December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demanddemand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, then the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of Required Lendersthe Lender, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.