Common use of LC Participation Fees Clause in Contracts

LC Participation Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”), with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time for LC Participation Fees on the actual daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. All LC Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”), ) with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Conventional Revolving Loans that are Eurodollar Loans on the actual average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any Revolving Commitment or LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, Exposure and (ii) to the Issuing Lenders a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon by the Company and the applicable Issuing Lender on the average daily stated amount of the Letters of Credit issued by such Issuing Lender during the period from and including the Closing Date to but excluding the date on which there ceases to be any LC Exposure, as well as the applicable Issuing Lender’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Accrued participation fees and fronting fees shall be payable on or before the fifteenth day following each Quarterly Date and on the Revolving Credit Termination Date or on such earlier date as the Revolving Commitments shall terminate (or, if later, when pursuant to the Lenders’ obligations (in their capacities as such) in respect terms of all Letters of Credit have been terminated). Any this Agreement; and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Lenders pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower agrees Borrowers agree to pay to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”), in Dollars, with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time for LC Participation Fees on the actual daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in Dollars in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. All LC Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender Bank a participation fee (“"LC Participation Fee”), ") with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Eurodollar Loans on the actual average daily amount of such Lender’s Bank's LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Bank's Commitment terminates and the date on which such Lender Bank ceases to have any LC Exposure. Accrued LC Participation Fees , and (ii) to the Issuing Bank a fronting fee, which shall be payable in arrears (i) accrue at the rate or rates per annum separately agreed upon by the Borrower and the Issuing Bank on the average daily stated amount of the Letters of Credit issued by the Issuing Bank during the period from and including the Closing Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank's standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last Business Day day of each March, June, September and December of each yearyear shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Closing Date, and (ii) ; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing . (q) Amendment to Article V. Article V is hereby amended by adding the daily amount available to be drawn under any Letter of Credit, following text at the amount of such Letter end thereof: "The Letters of Credit shall will be determined in accordance with used for general corporate purposes." (r) Amendment to Exhibit 6.01. Exhibit 6.01 to the Credit Agreement is hereby amended by deleting such Exhibit 6.01 and substituting therefor Exhibit 6.01 hereto. (s) Amendment to Section 1.126.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“"LC Participation Fee”), ") with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Conventional Loans that are Eurodollar Loans on the actual average daily amount of such Lender’s 's LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, Exposure and (ii) to the Issuing Lenders a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon by the Company and the applicable Issuing Lender on the average daily stated amount of the Letters of Credit issued by such Issuing Lender during the period from and including the Closing Date to but excluding the date on which there ceases to be any LC Exposure, as well as the Revolving Commitments terminate (orapplicable Issuing Lender's standard fees with respect to the issuance, if lateramendment, when the Lenders’ obligations (in their capacities as such) in respect renewal or extension of all Letters any Letter of Credit have been terminated)or processing of drawings thereunder. Any Accrued participation fees and fronting fees shall be payable on or before the fifteenth day following each Quarterly Date and on the Termination Date or on such earlier date as the Commitments shall terminate pursuant to the terms of this Agreement; and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Lenders pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“"LC Participation Fee”), ") with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Eurodollar Loans on the actual average daily amount of such Lender’s 's LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) to the Issuing Lender a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon by the Company and the Issuing Lender on the average daily stated amount of the Letters of Credit issued by the Issuing Lender during the period from and including the Closing Date to but excluding the date on which there ceases to be any LC Exposure, as well as the Revolving Commitments terminate (orIssuing Lender's standard fees with respect to the issuance, if lateramendment, when the Lenders’ obligations (in their capacities as such) in respect renewal or extension of all Letters any Letter of Credit have been terminated)or processing of drawings thereunder. Any Accrued participation fees and fronting fees shall be payable on or before the fifteenth day following each Quarterly Date and on the Termination Date or on such earlier date as the Commitments shall terminate pursuant to the terms of this Agreement; and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Lender pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”), with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time for LC Participation Fees on the actual daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. All LC Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.121,12.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”), ) with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Eurodollar Loans on the actual average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) to the Issuing Lender a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon by the Company and the Issuing Lender on the average daily stated amount of the Letters of Credit issued by the Issuing Lender during the period from and including the Closing Date to but excluding the date on which there ceases to be any LC Exposure, as well as the Revolving Commitments terminate (orIssuing Lender’s standard fees with respect to the issuance, if lateramendment, when the Lenders’ obligations (in their capacities as such) in respect renewal or extension of all Letters any Letter of Credit have been terminated)or processing of drawings thereunder. Any Accrued participation fees and fronting fees shall be payable on or before the fifteenth day following each Quarterly Date and on the Termination Date or on such earlier date as the Commitments shall terminate pursuant to the terms of this Agreement; and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Lender pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.

LC Participation Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”)) in Dollars, with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time for LC Participation Fees on the actual daily Dollar Equivalent amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such LenderXxxxxx’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Accrued LC Participation Fees shall be payable in arrears (i) on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. All LC Participation Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing the daily Dollar Equivalent amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.12.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender Bank a participation fee (“"LC Participation Fee”), ") with respect to its participations in Letters of Credit, which shall accrue at a the Margin Percentage used to determine the interest rate equal applicable to the Applicable Margin from time to time for LC Participation Fees Eurodollar Loans on the actual average daily amount of such Lender’s Bank's LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Bank's Commitment terminates and the date on which such Lender Bank ceases to have any LC Exposure. Accrued LC Participation Fees , and (ii) to the Issuing Bank a fronting fee, which shall be payable in arrears (i) accrue at the rate or rates per annum separately agreed upon by the Borrower and the Issuing Bank on the average daily stated amount of the Letters of Credit issued by the Issuing Bank during the period from and including the Closing Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank's standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last Business Day day of each March, June, September and December of each yearyear shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Closing Date, and (ii) ; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing . (p) Amendment to Article V. Article V is hereby amended by adding the daily amount available to be drawn under any Letter of Credit, following text at the amount of such Letter end thereof: "The Letters of Credit shall will be determined in accordance with used for general corporate purposes." (q) Amendment to Exhibit 6.01. Exhibit 6.01 to the Credit Agreement is hereby amended by deleting such Exhibit 6.01 and substituting therefor Exhibit 6.01 hereto. (r) Amendment to Section 1.126.

LC Participation Fees. The Borrower Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender Bank a participation fee (“LC "L/C Participation Fee”), ") with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time for LC Participation Fees based on the actual applicable Margin on the average daily amount of such Lender’s Bank's LC Exposure (excluding any portion thereof attributable to Reimbursement Obligationsunreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Bank's Commitment terminates and the date on which such Lender Bank ceases to have any LC Exposure. Accrued LC Participation Fees , and (ii) to each Issuing Bank a fronting fee, which shall be payable in arrears (i) accrue at the rate of 0.125% per annum on the average daily stated amount of the Letters of Credit issued by such Issuing Bank during the period from and including the Closing Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank's standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last Business Day day of each March, June, September and December of each yearyear shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Closing Date, and (ii) ; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate (or, if later, when the Lenders’ obligations (in their capacities as such) in respect of all Letters of Credit have been terminated). Any and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable promptly on written demand. Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable within 10 days after demand. All LC Participation Fees participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 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 1.12.