Common use of Letter of Credit Commissions Clause in Contracts

Letter of Credit Commissions. Subject to Section 2.25, the Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving Commitment.

Letter of Credit Commissions. Subject to Section 2.25, the Borrowers shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Loans that are Eurodollar Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving Commitment.

Letter of Credit Commissions. Subject to Section 2.254.14(a)(iii), the Borrowers Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and Decembercalendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving CommitmentCredit Commitment Percentages.

Letter of Credit Commissions. Subject to Section 2.254.14(a)(iii)(A), the Borrowers Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and Decembercalendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving CommitmentCommitment Percentages.

Letter of Credit Commissions. Subject to Section 2.252.27(f), the Borrowers Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender Bank and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the an amount equal to the product face amount (or Equivalent Dollar Amount thereof, if applicable) of the daily amount available to be drawn under such Letter of Credit times multiplied by the Applicable Margin Percentage with respect to Revolving Loans that are Eurodollar Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and Decembercalendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender Bank and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving CommitmentPercentages.

Letter of Credit Commissions. Subject to Section 2.255.14(a)(iii), the Borrowers Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and Decembercalendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving CommitmentCredit Commitment Percentages.

Letter of Credit Commissions. Subject to Section 2.255.15(a)(iii)(B), the Borrowers Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the product of the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis) (the “L/C Participation Fee”). Such commission shall be payable quarterly in arrears on the last Business Day of each March, June, September and Decembercalendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Pro Rata Share of the Revolving CommitmentCommitment Percentages.