Common use of L/C Fronting Fees Clause in Contracts

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer at a rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Date of the Revolving Credit Facility and the date on which such L/C Issuer ceases to have any L/C Obligations. Fronting fees accrued through and including the last day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last day, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving Facility; provided that any such fees accruing after such Maturity Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to the percentage separately agreed upon between the Borrower Borrowers and such L/C Issuer Issuing Bank on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Revolving Commitment Termination Date of the Revolving Credit Facility and the date on which such L/C Issuer Issuing Bank ceases to have any L/C Obligations. Fronting Accrued fronting fees accrued through and including shall be payable in arrears on the last day Business Day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last dayDecember, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityCommitment Termination Date; provided that any such fees accruing after such Maturity the Revolving Commitment Termination Date shall be payable on demand. In addition, the Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account a fronting fee (the “L/C Fronting Fee”) with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer Issuing Bank on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Date of the Revolving Credit Facility and the date on which such L/C Issuer Issuing Bank ceases to have any L/C Obligations. Accrued L/C Fronting fees accrued through and including the last day of each March, June, September and December Fee shall be payable in arrears on the fifth (5th) Business Day following such last dayeach Payment Date, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityDate; provided that any such fees accruing after such the Maturity Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to the percentage separately agreed upon between the Parent Borrower and such L/C Issuer Issuing Bank on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding and including the later of the Maturity Commitment Termination Date of the Revolving Credit Facility and the date on which such L/C Issuer Issuing Bank ceases to have any obligations (contingent or otherwise) to make any L/C ObligationsDisbursement in respect of any Letter of Credit. Fronting Accrued fronting fees accrued through and including shall be payable in arrears on the last first day of each MarchJanuary, JuneApril, September July and December shall be payable on the fifth (5th) Business Day following such last dayOctober, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityCommitment Termination Date; provided that any such fees accruing after such Maturity the Commitment Termination Date shall be payable on demand. In addition, the Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to 0.125% on the percentage separately agreed upon between the Borrower and such L/C Issuer on Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the later of the Closing Date and the issuance of such Letter of Credit to but excluding and including the later of the Maturity Revolving Termination Date of the Revolving Credit Facility and the date on which such L/C Issuer Issuing Bank ceases to have any obligations (contingent or otherwise) to make any L/C ObligationsDisbursement in respect of any Letter of Credit. Fronting Accrued fronting fees accrued through and including shall be payable in arrears on the last day Business Day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last dayDecember, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityTermination Date; provided that any such fees accruing after such Maturity the Revolving Termination Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) 3 Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer applicable Issuing Bank may charge, and retain for its own account without sharing by the other Lenders, and the Borrower agrees in such instance to pay to such Issuing Bank for its own account, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal not to the percentage separately agreed upon between the Borrower and such L/C Issuer exceed 0.125% per annum on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Effective Date to but excluding the later of the Maturity Date of the date on which such Revolving Credit Facility Lender’s Revolving Commitment terminates and the date on which such L/C Issuer Issuing Bank ceases to have any L/C LC Obligations. Fronting Accrued fronting fees accrued through and including shall be payable in arrears on the last day Business Day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last dayDecember, commencing on the first such date to occur after the Closing Effective Date, and on the Maturity Date of date on which the Revolving FacilityCommitments terminate; provided that any such fees accruing after such Maturity Date accrued through the date on which the Revolving Commitments terminate shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account a fronting fee (the “L/C Fronting Fee”) with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer Issuing Bank on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Revolving Loan Availability Termination Date of the Revolving Credit Facility and the date on which such L/C Issuer Issuing Bank ceases to have any L/C Obligations. Accrued L/C Fronting fees accrued through and including the last day of each March, June, September and December Fee shall be payable in arrears on the fifth (5th) Business Day following such last dayeach Payment Date, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityLoan Availability Termination Date; provided that any such fees accruing after such Maturity the Revolving Loan Availability Termination Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its their own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer Issuing Bank at a rate per annum equal to the percentage separately agreed upon between the Borrower Borrowers and such L/C Issuer Issuing Bank on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Date of the date on which such Xxxxxx’s Revolving Credit Facility Commitment terminates and the date on which such L/C Issuer Issuing Bank ceases to have any L/C LC Obligations. Fronting Accrued fronting fees accrued through and including shall be payable in arrears on the last day Business Day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last dayDecember, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of date on which the Revolving FacilityCommitments terminate; provided that any such fees accruing after such Maturity Date the date on which the Revolving Commitments terminate shall be payable on demand. In addition, the Borrower agrees Borrowers agree to pay to each L/C Issuer Issuing Bank for its their own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer Issuing Bank relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer Issuing Bank within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer at a rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Date of the Revolving Credit Facility and the date on which such L/C Issuer ceases to have any L/C Obligations. Fronting fees accrued through and including the last day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last day, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving Credit Facility; provided that any such fees accruing after such Maturity Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer within three (3) Business Days after its demand therefor and are nonrefundable.

L/C Fronting Fees. The Borrower agrees to pay to each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by such L/C Issuer at a rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer 0.125% on the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit), during the period from and including the Closing Date to but excluding the later of the Maturity Date of the Revolving Credit Facility and the date on which such L/C Issuer ceases to have be owed any L/C Obligations. Fronting Accrued fronting fees accrued through and including shall be payable on the last day Business Day of each March, June, September and December shall be payable on the fifth (5th) Business Day following such last dayDecember, commencing on the first such date to occur after the Closing Date, and on the Maturity Date of the Revolving FacilityDate; provided that any such fees accruing after such Maturity Date shall be payable on demand. In addition, the Borrower agrees to pay to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect, which fees, costs and charges shall be payable to such L/C Issuer within three (3) five Business Days after its demand therefor and are nonrefundable.