Common use of Letter Fees Clause in Contracts

Letter Fees. The Borrower shall pay to the Lenders in respect of each Letter, in accordance with Section 3.6, an issuance fee quarterly in arrears on the first Banking Day of each Fiscal Quarter, calculated at a rate per annum equal to the Applicable Rate on the basis of a year of 365 days and on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstanding. In addition, with respect to all Letters, the Borrower shall from time to time pay to the Issuing Lender its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit such as the Letters. Each such payment is non-refundable and fully earned when due.

Appears in 2 contracts

Samples: Credit Agreement (Allied Nevada Gold Corp.), Credit Agreement (Allied Nevada Gold Corp.)

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Letter Fees. (a) The relevant Borrower shall pay to the Lenders in respect of each LetterLenders, in accordance with Section 3.63.8, an issuance fee quarterly in arrears on the first Banking Day of each Fiscal Quarter, calculated at a rate per annum equal to the Applicable Rate on the basis of a year of 365 days and on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstanding. In addition, with respect to all Letters, the relevant Borrower shall from time to time pay to the Issuing Lender its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit such as the Letters. Each such payment is non-refundable and fully earned when due.

Appears in 2 contracts

Samples: Credit Agreement (4352351 Canada Inc.), Credit Agreement (Lundin Mining CORP)

Letter Fees. (a) The Borrower shall pay to the Lenders in respect of each LetterLenders, in accordance with Section 3.63.2, an issuance fee quarterly in arrears on the first Banking Day of each Fiscal Quarter, calculated at a rate per annum equal to the Applicable Rate 2.4% on the basis of a year of 365 days and on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstanding. In addition, with respect to all Letters, the Borrower shall from time to time pay to the Issuing Lender its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit such as the Letters. Each such payment is non-refundable and fully earned when due.

Appears in 1 contract

Samples: Credit Agreement (Denison Mines Corp.)

Letter Fees. (a) The Borrower Borrowers shall pay to the Lenders in respect of each Letter, in accordance with Section 3.63.8, an issuance fee quarterly in arrears on the first Banking Day of each Fiscal Quarter, calculated at a rate per annum equal to the Applicable Rate on the basis of a year of 365 days and on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstanding. In addition, with respect to all Letters, the Borrower Borrowers shall from time to time pay to the Issuing Lender its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit such as the Letters. Each such payment is non-refundable and fully earned when due.. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

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Letter Fees. (a) The Borrower shall pay to the Lenders in respect of each LetterLenders, in accordance with Section 3.63.8, an issuance fee quarterly in arrears on the first Banking Day of each Fiscal Quarter, calculated at a rate per annum equal to the Applicable Rate on the basis of a year of 365 days and on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstanding. In addition, with respect to all Letters, the Borrower shall from time to time pay to the Issuing Lender its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit such as the Letters. Each such payment is non-refundable and fully earned when due.

Appears in 1 contract

Samples: Credit Agreement (Yamana Gold Inc)

Letter Fees. (a) The Borrower shall pay to the Lenders in respect of each Letter, in accordance with Section 3.63.8 to the Administrative Agent, for the benefit of the Lenders, an issuance fee quarterly (in arrears the currency which the Letter is denominated) in advance on the first Banking Day of date each Fiscal QuarterLetter is issued or renewed, calculated at a the rate per annum equal to the Applicable Rate Margin (on the basis of a year of 365 days and or 366 days, as the case may be) on the amount of each such Letter for a period of time equal to the number of days in the preceding Fiscal Quarter on which such Letter was outstandingLetter. In addition, with respect to all Letters, the Borrower shall from time to time pay to the Issuing Lender Lenders its usual and customary fees (at the then prevailing rates) for the amendment, delivery and administration of letters of credit and letters of guarantee such as the Letters. Each such payment is non-refundable and fully earned when due.

Appears in 1 contract

Samples: Agreement (Primero Mining Corp)

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