Letter of Credit Charges and Fees Sample Clauses

Letter of Credit Charges and Fees. The Borrowers agree to pay (i) to Agent, (A) the fees set forth on Exhibit G with respect to Letters of Credit other than the Existing Letters of Credit, (B) an opening fee of 0.125% of the face amount of each Letter of Credit and (C) for each month during which any Letter of Credit Obligation is outstanding, a fee in an amount equal to the per annum Applicable Margin for LIBOR Advances times the average amount available to be drawn under each Letter of Credit in such month (the "Letter of Credit Monthly Fee") and (ii) to FCC the fees set forth on Exhibit G with respect to the Existing Letters of Credit. Each Letter of Credit Monthly Fee shall be paid to Agent, for the benefit of the Lenders, in arrears on the first (1st) Business Day of each month with respect to the immediately preceding month and on the Termination Date or until all such Letter of Credit Obligations have been paid or otherwise satisfied. Upon the occurrence and during the continuation of an Event of Default, the Letter of Credit Monthly Fee shall be increased by an amount equal to the Letter of Credit Default Margin.
Sample 1
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Letter of Credit Charges and Fees. Borrower agrees to pay on demand to Bank, as well as to any confirming bank of any Letter of Credit required by the beneficiary thereof to be confirmed as a condition to such beneficiary's acceptance thereof, with respect to the issuance, amendment or transfer of any Letter of Credit and each drawing made under any Letter of Credit, issuance, documentary and processing fees and charges in accordance with Bank's and such confirming bank's fees and charges in effect at the time of such issuance, amendment, transfer or drawing, as the case may be.
Sample 1
Letter of Credit Charges and Fees. Each Borrower, jointly and severally, agrees to pay on demand to Bank, as well as to any confirming bank of any Letter of Credit required by the beneficiary thereof to be confirmed as a condition to such beneficiary's acceptance thereof, with respect to the amendment or transfer of any Letter of Credit and each drawing made under any Letter of Credit, documentary and processing fees and charges in accordance with (i) Bank's standard fees and charges and (ii) such confirming bank's fees and charges, all as in effect at the time of such amendment, transfer or drawing, as the case may be. These fees and charges shall be in addition to the Letters of Credit Fees provided in Section 2.11 hereof.
Sample 1
Letter of Credit Charges and Fees. In addition to the specific fees payable as set forth in Section 2.9(c) hereof, Borrower agrees to pay on demand to Lender, as well as to any confirming bank of any Letter of Credit required by the beneficiary thereof to be confirmed as a condition to such beneficiary's acceptance thereof, with respect to the issuance, amendment or transfer of any Letter of Credit and each drawing made under any Letter of Credit, issuance, documentary and processing fees and charges in accordance with Lender's and such confirming bank's general fees and charges in effect at the time of such issuance, amendment, transfer or drawing, as the case may be.
Sample 1
Letter of Credit Charges and Fees. The Borrower agrees to pay to Agent, (i) subject to SECTION 3.4 hereof, all charges imposed on the Agent or any Lender by the Issuing Bank in connection with any Letter of Credit or guaranty thereof and (ii) for each month during which any Letter of Credit Obligation is outstanding, a fee in an amount equal to (A) one and one-half percent (1.50%) per annum of the maximum amount available to be drawn under each Documentary Letter of Credit and (B) one and one-half percent (1.50%) per annum of the maximum amount available to be drawn under each Standby Letter of Credit (each fee in CLAUSE (II) a "Letter of Credit Fee" and collectively the "Letter of Credit Fees"). Such Letter of Credit Fees shall be paid to Agent, for the benefit of the Lenders, in arrears on the first (1st) Business Day of each month with respect to the immediately preceding month and on the Termination Date or until all such Letter of Credit Obligations have been paid or otherwise satisfied. Upon the occurrence and during the continuation of an Event of Default, the foregoing Letter of Credit Fees shall be increased by an amount equal to the Letter of Credit Default Margin.
Sample 1
Letter of Credit Charges and Fees. Simulation agrees to pay on demand to Bank, with respect to the amendment or transfer of any Letter of Credit and each drawing made under any Letter of Credit, documentary and processing fees and charges in accordance with Bank's fees and charges in effect at the time of such amendment, transfer or drawing, as the case may be. Also, a letter of credit fee will be payable by Simulation in the amount of 1% of the face amount of each Letter of Credit, payable upon issuance thereof and on each anniversary thereof.
Sample 1
Letter of Credit Charges and Fees. Each Borrower, jointly and severally, agrees to pay on demand to Bank, as well as to any confirming bank of any Letter of Credit required by the beneficiary thereof to be confirmed as a condition to such beneficiary's acceptance thereof, with respect to the amendment or transfer of any Letter of Credit and each
Sample 1
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Related to Letter of Credit Charges and Fees

  • Letter of Credit Payments If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Borrower of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. 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 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Letter of Credit Obligations In the event any Letters of Credit are outstanding at the time that the Revolving Loan Commitment is terminated, Borrower shall deposit with Agent for the benefit of all Revolving Lenders cash in an amount equal to 105% of the aggregate outstanding Letter of Credit Obligations to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any Fees and expenses related thereto.

  • Letter of Credit Liabilities At any time and in respect of any Letter of Credit, the sum of (a) the maximum undrawn face amount of such Letter of Credit plus (b) the aggregate unpaid principal amount of all drawings made under such Letter of Credit which have not been repaid (including repayment by a Revolving Credit Loan). For purposes of this Agreement, a Revolving Credit Lender (other than the Revolving Credit Lender acting as the Issuing Lender) shall be deemed to hold a Letter of Credit Liability in an amount equal to its participation interest in the related Letter of Credit under §2.10, and the Revolving Credit Lender acting as the Issuing Lender shall be deemed to hold a Letter of Credit Liability in an amount equal to its retained interest in the related Letter of Credit after giving effect to the acquisition by the Revolving Credit Lenders other than the Revolving Credit Lender acting as the Issuing Lender of their participation interests under such Section.

  • Letter of Credit Amounts Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Letter of Credit Advances (i) The Borrower shall repay to the Administrative Agent for the account of each Issuing Bank and each other Lender that has made a Letter of Credit Advance on the same day on which such Advance was made the outstanding principal amount of each Letter of Credit Advance made by each of them.

  • The Letter of Credit Subfacility (a) On the terms and conditions set forth herein: (i) the Issuing Lender agrees, (A) from time to time on any Business Day during the period from the Restatement Date to the Revolving Termination Date to issue Letters of Credit for the account of the Company, and to amend Letters of Credit previously issued by it, in accordance with subsections 3.2(c) and 3.2(d), and (B) to honor drawings which comply with the terms of the Letters of Credit Issued by it; and (ii) the Revolving Lenders severally agree to participate in Letters of Credit Issued for the account of the Company; provided that the Issuing Lender shall not be obligated to Issue, and no Revolving Lender shall be obligated to participate in, any Letter of Credit if as of the date of Issuance of such Letter of Credit (the "Issuance Date") (1) the sum of the Effective Amount of all L/C Obligations plus the Effective Amount of all Revolving Loans plus the Effective Amount of all Swingline Loans exceeds the lesser of (x) the aggregate amount of all Revolving Commitments and (y) the Borrowing Base, (2) the Effective Amount of all L/C Obligations exceeds the amount of the L/C Commitment or (3) with respect to any particular Revolving Lender, the sum of the participation of such Revolving Lender in the Effective Amount of all L/C Obligations plus the outstanding principal amount of the Revolving Loans of such Revolving Lender shall exceed such Revolving Lender's Revolving Commitment. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company's ability to obtain Letters of Credit shall be fully revolving, and, accordingly, the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed.

  • Letter of Credit Fee Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

  • Cover for Letter of Credit Liabilities In the event that the Borrowers shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.

  • Request for Incurrence of Letter of Credit Obligations Borrower shall give Agent at least 2 Business Days' prior written notice requesting the incurrence of any Letter of Credit Obligation. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) and a completed Application for Standby Letter of Credit or Application and Documentary Letter of Credit or Application for Documentary Letter of Credit (as applicable). Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower and approvals by Agent and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower, Agent and the L/C Issuer.

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