Common use of LETTER OF CREDIT AND GUARANTEE FEE Clause in Contracts

LETTER OF CREDIT AND GUARANTEE FEE. Ideal agrees to pay (or procure that the relevant Borrower shall pay) to the Agent for account of the Issuer a fee (the "LETTER OF CREDIT AND GUARANTEE FEE") equal to 2.50% per annum of the face amount of each Letter of Credit or maximum contingent liability under each Guarantee issued by the Issuer, plus all out-of-pocket costs, fees and expenses incurred by the Issuer (other than where such fees, costs or expenses are indemnified pursuant to clause 6.11.2) in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee, such Letter of Credit and Guarantee Fee to be calculated on the basis of a year of 365 days and actual days elapsed and to be payable monthly in arrears on the first day of each month following any month in which a Letter of Credit or Guarantee was issued and/or in which a Letter of Credit or Guarantee remains outstanding and, to the extent that it has been calculated by reference to a Letter of Credit or Guarantee denominated other than in sterling, shall be satisfied by payment of the sterling equivalent of the amount so calculated. Any out-of-pocket costs, fees and expenses incurred by the Issuer in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee shall be payable at the time of such application, issue or amendment.

LETTER OF CREDIT AND GUARANTEE FEE. Ideal agrees to pay (or procure that the relevant Borrower shall pay) to the Agent for account of the Issuer a fee (the "LETTER OF CREDIT AND GUARANTEE FEE") equal to 2.502.25% per annum of the face amount of each Letter of Credit or maximum contingent liability under each Guarantee issued by the Issuer, plus all out-of-pocket costs, fees and expenses incurred by the Issuer (other than where such fees, costs or expenses are indemnified pursuant to clause 6.11.2) in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee, such Letter of Credit and Guarantee Fee to be calculated on the basis of a year of 365 days and actual days elapsed and to be payable monthly in arrears on the first day of each month following any month in which a Letter of Credit or Guarantee was issued and/or in which a Letter of Credit or Guarantee remains outstanding and, to the extent that it has been calculated by reference to a Letter of Credit or Guarantee denominated other than in sterling, shall be satisfied by payment of the sterling equivalent of the amount so calculated. Any out-of-pocket costs, fees and expenses incurred by the Issuer in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee shall be payable at the time of such application, issue or amendment.

LETTER OF CREDIT AND GUARANTEE FEE. Ideal agrees to pay (or procure that the relevant Borrower shall pay) to the Agent for account of the Issuer a fee (the "LETTER OF CREDIT AND GUARANTEE FEE") equal to 2.502.00% per annum of the face amount of each Letter of Credit or maximum contingent liability under each Guarantee issued by the Issuer, plus all out-of-pocket costs, fees and expenses incurred by the Issuer (other than where such fees, costs or expenses are indemnified pursuant to clause 6.11.2) in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee, such Letter of Credit and Guarantee Fee to be calculated on the basis of a year of 365 days and actual days elapsed and to be payable monthly in arrears on the first day of each month following any month in which a Letter of Credit or Guarantee was issued and/or in which a Letter of Credit or Guarantee remains outstanding and, to the extent that it has been calculated by reference to a Letter of Credit or Guarantee denominated other than in sterling, shall be satisfied by payment of the sterling equivalent of the amount so calculated. Any out-of-pocket costs, fees and expenses incurred by the Issuer in connection with the application for, issue of, or amendment to 107 any Letter of Credit or Guarantee shall be payable at the time of such application, issue or amendment.

LETTER OF CREDIT AND GUARANTEE FEE. Ideal 22.5 BMUK agrees to pay (or procure that the relevant Borrower shall pay) to the Agent for account of the Issuer a fee (the "LETTER OF CREDIT AND GUARANTEE FEE"“Letter of Credit and Guarantee Fee”) equal to 2.502.00% per annum of the face amount of each Letter of Credit or maximum contingent liability under each Guarantee issued by the Issuer, plus all out-of-pocket costs, fees and expenses incurred by the Issuer (other than where such fees, costs or expenses are indemnified pursuant to clause 6.11.2Clause 6.12.2 (Indemnity)) in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee, such Letter of Credit and Guarantee Fee to be calculated on the basis of a year of 365 days and actual days elapsed and to be payable monthly in arrears on the first day of each month following any month in which a Letter of Credit or Guarantee was issued and/or in which a Letter of Credit or Guarantee remains outstanding and, to the extent that it has been calculated by reference to a Letter of Credit or Guarantee denominated other than in sterling, shall be satisfied by payment of the sterling equivalent of the amount so calculated. Any out-of-pocket costs, fees and expenses incurred by the Issuer in connection with the application for, issue of, or amendment to any Letter of Credit or Guarantee shall be payable at the time of such application, issue or amendment.