Letter of Credit and LC Guaranty Fees. Borrowers shall jointly and severally pay to Agent:
(i) for standby Letters of Credit and LC Guaranties of standby letters of credit, for the ratable benefit of Lenders a per annum fee equal to the Applicable Margin then in effect for LIBOR Portions multiplied by the weighted average daily balance of the aggregate undrawn face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, plus all normal and customary charges associated with the issuance thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty, shall be due and payable in arrears on the first Business Day of each month and shall not be subject to rebate or proration upon the termination of this Agreement for any reason; provided that at any time that the Default Rate is in effect, the fee applicable under this subsection shall be equal to the otherwise applicable fee plus 2.00%;
(ii) for documentary Letters of Credit and LC Guaranties of documentary letters of credit, for the ratable benefit of Lenders a per annum fee equal to the Applicable Margin then in effect for LIBOR Portions multiplied by the weighted average daily balance of the aggregate undrawn face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, plus all normal and customary charges associated with the issuance and administration of each such Letter of Credit or LC Guaranty (which fees and charges shall be fully earned upon issuance, renewal or extension (as the case may be) of each such Letter of Credit or LC Guaranty, shall be due and payable in arrears on the first Business Day of each month, and shall not be subject to rebate or proration upon the termination of this Agreement for any reason); provided that at any time that the Default Rate is in effect, the fee applicable under this subsection shall be equal to the otherwise applicable fee plus 2.00%;
(iii) with respect to all Letters of Credit and LC Guaranties issued by Agent, Bank or another Affiliate of Agent, for the account of Agent only, a fronting fee equal to 0.125% per annum of the weighted average daily balance of the aggregate undrawn face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement issued by such Person, which fronting fees shall be due and payable monthly in arrears on the first Business Day of each month and ...
Letter of Credit and LC Guaranty Fees. Borrowers shall jointly and severally pay to Agent:
(i) for standby Letters of Credit and LC Guaranties of standby letters of credit, for the ratable benefit of Lenders a per annum fee equal to 1.50% of the aggregate face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the Term plus all normal and customary charges associated with the issuance thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty, shall be due and payable on the first Business Day of each month and shall not be subject to rebate or proration upon the termination of this Agreement for any reason; and
(ii) for documentary Letters of Credit and LC Guaranties of documentary letters of credit, for the ratable benefit of Lenders, a fee equal to all normal and customary charges associated with the issuance and administration of each such Letter of Credit or LC Guaranty (which fees and charges shall be fully earned upon issuance, renewal or extension (as the case may be) of each such Letter of Credit or LC Guaranty, shall be due and payable on the first Business Day of each month, and shall not be subject to rebate or proration upon the termination of this Agreement for any reason).
Letter of Credit and LC Guaranty Fees. Borrower shall pay to Agent for standby Letters of Credit and LC Guaranties of standby letter of credit, for the ratable benefit of Lenders, a per annum fee equal to the Applicable Margin then in effect for LIBOR Portions, of the aggregate face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, plus all normal and customary charges associated with the issuance thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty, shall be due and payable on the first Business Day of each month and shall not be subject to rebate or proration upon the termination of this Agreement for any reason. Notwithstanding the foregoing, of the fee described above, a portion thereof equal to .25% per annum shall be payable to the issuer of the Letter of Credit or LC Guaranty as applicable, and the balance shall be retained, ratably, by the Lenders.
Letter of Credit and LC Guaranty Fees. Borrower shall pay to Lender:
(i) for standby Letters of Credit and LC Guaranties of standby Letters of Credit, 2.25% per annum of the aggregate face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, plus all normal and customary charges associated with the issuance thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty, shall be due and payable on the first Business Day of each month and shall not be subject to rebate or proration upon the termination of this Agreement for any reason.
Letter of Credit and LC Guaranty Fees. (a) Borrower shall pay to Agent, for the account of Lenders, a letter of credit commission with respect to each Letter of Credit (including those for which an LC Guaranty has been issued) computed for the period from and including the date of issuance of such Letter of Credit to the date such Letter of Credit is no longer outstanding, computed at a rate per annum equal to (i) with respect to standby Letters of Credit, one and three-quarters percent (1.75%) and (ii) with respect to documentary Letters of Credit, one percent (1.0%), in each case on the average aggregate daily amount available to be drawn under such Letter of Credit for the period as to which payment of such commission is made, payable quarterly in arrears on each Letter of Credit Fee Payment Date to occur while such Letter of Credit remains outstanding and on the date such Letter of Credit expires or is cancelled.
(b) In addition to the foregoing fees and commissions, Borrower shall pay to Agent all such normal and customary costs and expenses as are incurred by Agent for issuing, causing the issuance of, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit or LC Guaranty.
Letter of Credit and LC Guaranty Fees. Each applicable Borrower shall pay to Agent, Canadian Agent or U.K. Agent, as applicable, for standby and documentary Letters of Credit and LC Guaranties of standby and documentary letters of credit issued without duplication, for the ratable benefit of the applicable Lenders, a per annum fee equal to the Applicable Margin then in effect of the aggregate available amount of such U.S. Letters of Credit and U.S. LC Guaranties, Canadian Letters of Credit and Canadian LC Guaranties and U.K. Letters of Credit and U.K. LC Guaranties, issued for the account of that Borrower and outstanding from time to time during the term of this Agreement, plus a fronting fee (for the account of Bank, Agent, Canadian Agent or U.K. Agent, as applicable) equal to 0.125% per annum of the aggregate available amount of such U.S. Letters of Credit, U.S. LC Guaranties, U.K. Letters of Credit, U.K. LC Guaranties, Canadian Letters of Credit and Canadian LC Guaranties, plus all normal and customary charges of the Agent, Bank, Canadian Agent or U.K. Agent, as applicable, associated with the issuance and administration thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty or as advised by Agent, Bank or U.K. Agent, as applicable, and shall be due and payable on the first Business Day of each month in arrears or as advised by Agent or U.K. Agent, as applicable, and shall not be subject to rebate or proration upon the termination of this Agreement for any reason.
Letter of Credit and LC Guaranty Fees. Borrower shall pay to Lender for standby Letters of Credit and LC Guaranties of standby Letters of Credit, one and one-half percent (1.50%) per annum of the aggregate face amount of such Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, plus all normal and customary charges associated with issuance thereof, which fees and charges shall be deemed fully earned upon issuance of each such Letter of Credit or LC Guaranty, shall be due and payable on the first Business Day of each month and shall not be subject to rebate or proration upon the termination of this Agreement for any reason.
Letter of Credit and LC Guaranty Fees. Borrower shall pay to Lender:
(a) [Intentionally omitted]
(b) for documentary Letters of Credit and LC Guaranties of documentary Letters of Credit, a fee equal to one-half of one percent (0.50%) per annum of the face amount of each such Letter of Credit or LC Guaranty, payable in arrears on the first day of each month based on the amount available for drawing under such Letter of Credit or LC Guaranty plus the normal and customary charges associated with the issuance and administration of each such Letter of Credit or LC Guaranty (which charges shall be fully earned upon issuance, renewal or extension (as the case may be) of each such Letter of Credit or LC Guaranty).
Letter of Credit and LC Guaranty Fees. As additional consideration for issuing or causing to be issued, Letters of Credit for Borrower's account or for issuing its LC Guaranties at Borrower's request pursuant to Section 1.3 hereof, Borrower agrees to pay fees in respect to each Letter of Credit or LC Guaranty so issued. Said fees shall be payable on the date which such Letter of Credit or LC Guaranty is issued and shall be in an amount equal to the LC Percent of the amount of the Letter of Credit or LC Guaranty multiplied by a fraction, the numerator of which is the number of days in the term of the applicable Letter of Credit or LC Guaranty and the denominator of which is 360. In the event a Letter of Credit or LC Guaranty is renewed or extended a fee calculated in the manner provided above shall be payable for any such renewal or extended period. Further, Borrower shall pay and/or reimburse Agent and/or Lenders all fees and charges paid by Agent or Lenders on account of any Letter of Credit or LC Guaranty.
Letter of Credit and LC Guaranty Fees. Borrower shall pay to Agent, for the ratable benefit of Lenders, a per annum fee equal to the Applicable Margin then in effect for LIBOR Revolving Credit Portions MULTIPLIED BY the aggregate face amount of all Letters of Credit and LC Guaranties outstanding from time to time during the term of this Agreement, which fees shall be payable monthly in arrears on the first day of each month, PLUS all normal and customary charges associated with the issuance of such Letters of Credit and LC Guaranties, which fees and charges shall be deemed fully earned and shall be due and payable upon issuance of each such Letter of Credit or LC Guaranty and shall not be subject to rebate or proration upon the termination of this Agreement for any reason.
