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Common use of LC Fees Clause in Contracts

LC Fees. The Borrower shall pay to the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the fee described in this sentence an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

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LC Fees. The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the such fee described in this sentence an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Microchip Technology Inc)

LC Fees. The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans LC Fee Rate in effect from time to time on the average daily undrawn stated amount available under such standby Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the each such fee described in this sentence sentence, an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's ’s standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Puget Sound Energy Inc)

LC Fees. The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Revolving Loan Pro Rata Shares, with respect to each standby Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the fee described in this sentence an "LC FeeFEE"). The Borrower shall also pay to the each LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between such LC Issuer and the face amount of such Facility LCBorrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs LC's in accordance with the such LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca)

LC Fees. The Borrower shall pay to the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the fee described in this sentence an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of agreed upon between the face amount of such Facility LCLC Issuer and the Borrower in the fee letter described in Section 10.13, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's ’s standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

LC Fees. The Borrower shall pay to the Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans LC Fee Rate in effect from time to time on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the each such fee described in this sentence an "Facility LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of previously agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Transit Group Inc)

LC Fees. The Borrower shall pay to the Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans LC Fee Rate in effect from time to time on the average daily undrawn stated amount available under such standby Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the each such fee described in this sentence an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Alliant Energy Corp)

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LC Fees. The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in accordance with their respective Revolving Loan Pro Rata Shares, with respect to each standby Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans LC Fee Rate in effect from time to time on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the fee described in this sentence an "LC FeeFEE"). The Borrower shall also pay to the each LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between such LC Issuer and the face amount of such Facility LCBorrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs LC's in accordance with the such LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca)

LC Fees. The Borrower Asset Acceptance shall pay to the Agent, for the account of the Lenders Banks ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on the last day of each quarterly Payment Date calendar quarter, (the fee described in this sentence an "LC Fee"). The Borrower Asset Acceptance shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125% of be agreed upon between the face amount of such Facility LCLC Issuer and Asset Acceptance, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Asset Acceptance Capital Corp)

LC Fees. The Borrower shall pay to the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each quarterly Payment Date (the fee described in this sentence an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to .125..125% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)