Common use of Letter of Credit Facility Fees Clause in Contracts

Letter of Credit Facility Fees. The Borrower shall pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee on the aggregate amount available to be drawn on each outstanding Letter of Credit at a rate equal to the Applicable Margin for Eurodollar Rate Loans. In addition, the Borrower shall pay to NationsBank a fee equal to one-eighth of one percent (1/8%) per annum of Letter of Credit Outstandings. Such fees shall be due with respect to each Letter of Credit quarterly in arrears on the last day of each June, September, December and March, the first such payment to be made on the first such date occurring after the date of issuance of a Letter of Credit. The fees described in this SECTION 3.3 shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Letter of Credit Facility Fees. The Borrower Borrowers shall pay to the Agent, (i) for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee on the aggregate amount available to be drawn on each outstanding Letter of Credit at a rate equal to the Applicable Margin for Eurodollar Rate Loans. In addition, and (ii) for the Borrower shall pay benefit of the Issuing Bank, 0.125%, in each case based on the aggregate amount available to NationsBank a fee equal to one-eighth of one percent (1/8%) per annum of be drawn on each outstanding Letter of Credit OutstandingsCredit. Such fees shall be due with respect to each Letter of Credit quarterly in arrears on the last day of each March, June, September, December September and MarchDecember, the first such payment to be made on the first such date occurring after the date of issuance of a Letter of Credit. The fees described in this SECTION Section 3.3 shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Letter of Credit Facility Fees. The Borrower shall pay to (i) the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee on the aggregate amount available to be drawn on each outstanding Letter of Credit at a rate equal to the Applicable Margin for Eurodollar Rate Loans. In additionLoans and (ii) the Issuing Bank, 0.125% based on the Borrower shall pay aggregate amount available to NationsBank a fee equal to one-eighth of one percent (1/8%) per annum of be drawn on each outstanding Letter of Credit OutstandingsCredit. Such fees shall be due with respect to each Letter of Credit quarterly in arrears on the last day Business Day of each March, June, September, December September and MarchDecember, the first such payment to be made on the first such date occurring after the date of issuance of a Letter of Credit. The fees described in this SECTION 3.3 shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

Letter of Credit Facility Fees. The Borrower shall pay to the Agent, Agent (a) for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee on the aggregate amount available to be drawn on each outstanding Letter of Credit at a rate equal to the Applicable Margin for Eurodollar Rate Loans. In additionLoans and (b) for the benefit of the Issuing Bank, the Borrower shall pay to NationsBank a fee equal to one-eighth of one percent (1/8%) 0.125% per annum of based on the aggregate amount available to be drawn on each outstanding Letter of Credit OutstandingsCredit. Such fees shall be due with respect to each Letter of Credit quarterly in arrears on the last day of each JuneDecember, March, June and September, December and March, the first such payment to be made on the first such date occurring after the date of issuance of a Letter of Credit. The fees described in this SECTION 3.3 4.3 shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.