Common use of LC Facility Fees Clause in Contracts

LC Facility Fees. Obligors shall pay (a) to Agent, for the pro rata benefit of Lenders (based upon each Lender’s Applicable Percentage of the aggregate Revolver Commitments), 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 as set forth in the Fee Letter 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.

LC Facility Fees. Obligors Borrowers shall pay (a) to Agent, for the pro rata Pro Rata benefit of Lenders (based upon each Lender’s Applicable Percentage of the aggregate Revolver Commitments)Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily Stated Amount stated amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to AgentIssuing Lender, for its own account, a fronting fee equal to .125% per annum (or such other amount as set forth in the Fee Letter may be agreed between Issuing Lender and Borrowers) on the Stated Amount stated amount of each Letter of CreditCredit it issues, 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 Defaultany period when the Default Rate is applicable pursuant to Section 3.1.1(b), the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Obligors Borrower shall pay (a) to Agent, for the pro rata Pro Rata benefit of Lenders (based upon each Lender’s Applicable Percentage of the aggregate Revolver Commitments)Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily Stated Amount stated amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Agentthe applicable Issuing Bank, for its own account, a fronting fee as set forth in equal to 0.125% of the Fee Letter on the Stated Amount stated amount of each Letter of Credit, which fee shall be payable monthly upon issuance of the Letter of Credit and on each anniversary date of such issuance, and shall be payable on any increase in arrears, on the first day of each monthstated amount made between any such dates; and (c) to the applicable 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.

LC Facility Fees. Obligors shall pay (a) to Agent, for the pro rata benefit of Lenders (based upon each Lender’s Applicable Percentage of the aggregate Revolver Commitments), a fee equal to the Applicable Margin in effect for LIBOR LIBORBSBY 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 as set forth in the Fee Letter 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.