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.
Appears in 23 contracts
Samples: Credit Agreement (Paycor Hcm, Inc.), Credit Agreement, Credit Agreement (EGAIN Corp)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders with a Revolver Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 12 contracts
Samples: Credit Agreement (Realpage Inc), Credit Agreement (American Pacific Corp), Credit Agreement (CDC Software CORP)
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 average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 11 contracts
Samples: Credit Agreement (Concrete Pumping Holdings, Inc.), Credit Agreement (FTS International, Inc.), Credit Agreement (Hudson Technologies Inc /Ny)
Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders with a Revolver Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 8 contracts
Samples: Credit Agreement (Remy International, Inc.), Credit Agreement (Wabash National Corp /De), Credit Agreement (Wabash National Corp /De)
Letter of Credit Fee. Borrowers Borrower 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.
Appears in 7 contracts
Samples: Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc), Credit Agreement (Callidus Software Inc)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving LendersLenders with a Revolver Commitment), 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(k2.12(d)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 6 contracts
Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)
Letter of Credit Fee. Borrowers Borrower 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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 5 contracts
Samples: Credit Agreement (PROS Holdings, Inc.), Credit Agreement (PROS Holdings, Inc.), Credit Agreement (Quantum Corp /De/)
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 SOFR Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 4 contracts
Samples: Credit Agreement (Performant Financial Corp), Forbearance Agreement and Amendment (Salem Media Group, Inc. /De/), Credit Agreement (BlueLinx Holdings Inc.)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders with a Revolver Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.12(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 4 contracts
Samples: Credit Agreement (Servicesource International LLC), Credit Agreement (Servicesource International LLC), Credit Agreement (Sumtotal Systems Inc)
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 Revolving Loan LIBOR Rate Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 4 contracts
Samples: Credit Agreement (AerSale Corp), Credit Agreement (Neophotonics Corp), Credit Agreement (Nautilus, Inc.)
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 times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 4 contracts
Samples: Credit Agreement (CMI Acquisition, LLC), Credit Agreement (Salem Media Group, Inc. /De/), Credit Agreement (Liberty Oilfield Services Inc.)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders with a Revolver Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.12(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate L/C Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 4 contracts
Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc)
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(k2.10(k)) that shall accrue at a per annum rate equal to the Current Asset LIBOR Rate Margin times multiplied by the undrawn amount Letter of all outstanding Letters of CreditCredit Usage.
Appears in 4 contracts
Samples: Credit Agreement (MGP Ingredients Inc), Credit Agreement (MGP Ingredients Inc), Credit Agreement (MGP Ingredients Inc)
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(i)) that shall accrue at a per annum rate equal to the LIBOR Rate Revolver Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc)
Letter of Credit Fee. Borrowers Borrower 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 Letters of Credit at a per annum rate equal to the LIBOR Non-Prime Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (PointClickCare Corp.), Credit Agreement (PointClickCare Corp.), Credit Agreement (PointClickCare Corp.)
Letter of Credit Fee. Borrowers Borrower 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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (FleetMatics Group PLC), Credit Agreement (Ocz Technology Group Inc), Credit Agreement (FleetMatics Group PLC)
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 Letter of Credit Fee Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 3 contracts
Samples: Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.)
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.
Appears in 3 contracts
Samples: Credit Agreement (Delta Apparel, Inc), Debt Agreement (Erickson Inc.), Credit Agreement (Chiquita Brands International Inc)
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 SOFR Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month).
Appears in 3 contracts
Samples: Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.), Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.), Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.)
Letter of Credit Fee. Borrowers Borrower 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.
Appears in 3 contracts
Samples: Credit Agreement (Asure Software Inc), Credit Agreement (Streamline Health Solutions Inc.), Credit Agreement (Essex Rental Corp.)
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 charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.9(h)) that which shall accrue at a per annum rate equal to the Applicable Margin for LIBOR Rate Margin Loans times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Polyone Corp), Credit Agreement (Polyone Corp), Credit Agreement (Polyone Corp)
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 charges, commissions, other fees, charges and expenses set forth in Section 2.11(k2.10(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the average daily undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Seventy Seven Energy Inc.), Credit Agreement (Seventy Seven Energy Inc.)
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Debtor in Possession Credit Agreement (School Specialty Inc), Debtor in Possession Credit Agreement (School Specialty Inc)
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 average daily undrawn amount of all outstanding Letters of CreditCredit during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (Ranger Energy Services, Inc.), Credit Agreement (Ranger Energy Services, Inc.)
Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders, subject to any agreements between Agent and individual Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the Applicable Margin for LIBOR Rate Margin Loans times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (VOXX International Corp), Credit Agreement (VOXX International Corp)
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc)
Letter of Credit Fee. Borrowers shall pay Administrative 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 any 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 Applicable Margin applicable to LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Thryv Holdings, Inc.), Credit Agreement (Thryv Holdings, Inc.)
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 Revolving Loan SOFR Rate Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (AerSale Corp), Credit Agreement (AerSale Corp)
Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving LendersLenders with a Commitment), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the Applicable Margin for LIBOR Rate Margin Loans times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Dixie Group Inc), Credit Agreement (Dixie Group Inc)
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 SOFR Rate Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (CVR Energy Inc), Credit Agreement (CVR Partners, Lp)
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 times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (Liberty Oilfield Services Inc.), Credit Agreement (Flexsteel Industries Inc)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving LendersLenders with a Commitment), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Jda Software Group Inc), Credit Agreement (Jda Software Group Inc)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders, subject to any letter agreement between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.12(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin per annum times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc)
Letter of Credit Fee. Borrowers Borrower 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 First Out Revolver LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc)
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 multiplied by the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Kaiser Aluminum Corp)
Letter of Credit Fee. Borrowers shall pay Administrative 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 Applicable Margin for Revolving Loans that are LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Inventory Facility Credit Agreement (Anixter International Inc), Credit Agreement (Anixter International Inc)
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 Margin, multiplied by the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)
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 times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month).
Appears in 2 contracts
Samples: Credit Agreement (Falcon Capital Acquisition Corp.), Credit Agreement (Falcon Capital Acquisition Corp.)
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 2.25% per annum times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)
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 SOFR Margin times the undrawn times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
Appears in 2 contracts
Samples: Credit Agreement (CPI Card Group Inc.), Credit Agreement (CPI Card Group Inc.)
Letter of Credit Fee. Borrowers Borrower 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)) which) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn undrawnaverage amount of all outstanding Letters Lettersthe Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (AdvancePierre Foods Holdings, Inc.), Credit Agreement (AdvancePierre Foods Holdings, Inc.)
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 Revolving Loan Base Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 2 contracts
Samples: Debtor in Possession Credit Agreement, Senior Secured, Priming and Superpriority Debtor in Possession Credit Agreement
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 average amount of all outstanding Letters the Letter of Credit.Credit Usage during the immediately preceding month (or portion thereof),
Appears in 2 contracts
Samples: Credit Agreement (SeaSpine Holdings Corp), Credit Agreement (SeaSpine Holdings Corp)
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 average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 2 contracts
Samples: Credit Agreement (Model N, Inc.), Credit Agreement (Pioneer Energy Services Corp)
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 SOFR Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
Appears in 1 contract
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 t a per annum rate equal to the Revolving Loan LIBOR Rate Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 1 contract
Letter of Credit Fee. Borrowers Borrower 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 Applicable Margin for Revolving Loans that are LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
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 Applicable Margin for LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
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 face amount of all outstanding issued and undrawn Letters of Credit.
Appears in 1 contract
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(i)) that shall accrue at a per annum rate equal to the LIBOR Rate SOFR Revolver Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Unifi Inc)
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 Rate>SOFR Margin times the undrawn times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 1 contract
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the Applicable Margin for Dollar Denominated Loans which are LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (K Swiss Inc)
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 SOFR Margin times multiplied by the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 1 contract
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 charges, commissions, other fees, charges and expenses set forth in Section 2.11(k2.10(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Chesapeake Oilfield Operating LLC)
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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
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 Rate>SOFR Margin <times the undrawn >times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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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 RateSOFR Margin times multiplied by the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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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 2.25% per annum times the undrawn amount of all outstanding Letters of Credit.
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Samples: Credit Agreement (Vector Group LTD)
Letter of Credit Fee. Borrowers Borrower shall pay Administrative 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(k3.10(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.
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Samples: Abl Credit and Guarantee Agreement (Janus International Group, Inc.)
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 Applicable Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof)].
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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 2.25% per annum times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the Applicable Margin for LIBOR Rate Margin Loans times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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Samples: Credit Agreement (Audiovox Corp)
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 applicable LIBOR Rate Margin times the undrawn amount Letter of all outstanding Letters of CreditCredit Usage.
Appears in 1 contract
Samples: Credit Agreement (Harte Hanks Inc)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Revolver 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 LIBORSOFR Rate Margin times the undrawn amount Letter of all outstanding Letters of CreditCredit Usage.
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Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders with a Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.”
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders with a Revolver Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the charges,fronting fees and commissions, other fees, charges and expenses costsexpenses set forth in Section 2.11(k2.11(ek)) that which shall accrue at a per annum rate equal to the LIBOR Rate RateSOFR Margin plus the Leasing Inventory Incremental Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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Letter of Credit Fee. Borrowers Borrower 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 5.50% times the undrawn amount Letter of all outstanding Letters of CreditCredit Usage.
Appears in 1 contract
Samples: Credit Agreement (Nuverra Environmental Solutions, Inc.)
Letter of Credit Fee. Borrowers Borrower 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 Applicable Margin for Dollar Denominated Loans that are LIBOR Rate Margin Loans times the undrawn amount of all outstanding Letters of Credit.
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders with a Letter of Credit Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.10(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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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 Applicable Margin with respect to LIBOR Rate Margin Loans times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Floorplan 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 Letter of all outstanding Letters of CreditCredit Usage.
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Letter of Credit Fee. Borrowers Borrower 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 fees, charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
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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 Letter of all outstanding Letters of CreditCredit Usage.
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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 RateSOFR Margin times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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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 times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
Appears in 1 contract
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 RateSOFR Margin times the undrawn times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month).
Appears in 1 contract
Samples: Credit Agreement (Sharecare, Inc.)
Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Revolver 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 Letter of all outstanding Letters of CreditCredit Usage.
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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 1.75% times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
Appears in 1 contract
Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)
Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving LendersLenders with a Revolver Commitment), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k)) that which shall accrue at a per annum rate equal to the LIBOR Rate Term SOFR Margin for Advances times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (BOISE CASCADE Co)
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 1.75% per annum times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
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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 Applicable Margin for SOFR Loans times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or, if an Event of Default has occurred, month).
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Letter of Credit Fee. Borrowers Borrower shall pay Agent (for the ratable benefit of the Revolving Revolver Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in 126471205_8 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 Letter of all outstanding Letters of CreditCredit Usage.
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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 SOFR Margin, in each case times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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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 Rate>SOFR Margin <times the undrawn >times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month) (or portion thereof).
Appears in 1 contract
Samples: Credit Agreement (GoPro, Inc.)
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(k2.11(kl)) that shall accrue at a per annum rate equal to the LIBOR Rate RateSOFR Margin times the undrawn amount of all outstanding Letters of Credit.
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.10(f)) that which shall accrue at a per annum rate equal to one-half of one (.5%) percent less than the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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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 SOFR Margin times the undrawn average amount of all outstanding Letters the Letter of Credit.Credit Usage during the immediately preceding month (or portion thereof),
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders with an Advances Commitment, subject to any agreements between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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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 Margin, in each case times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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Letter of Credit Fee. Borrowers Borrower 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 SOFR Margin times the aggregate undrawn amount stated amounts of all outstanding Letters of Credit.
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders, subject to any letter agreement between Agent and individual Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.12(e)) that which shall accrue at a per annum rate equal to the LIBOR LIBO Rate Margin times the Daily Balance of the undrawn amount of all outstanding standby Letters of Credit plus the LIBO Rate Margin, minus .50% per annum, times the Daily Balance of the undrawn amount of all outstanding documentary Letters of Credit.
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Letter of Credit Fee. As to each outstanding Letter of Credit, Borrowers shall pay Agent (Agent, for the ratable benefit of the Revolving Lenders)Lender Group, a Letter of Credit fee an L/C Fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.3(g)) that which shall accrue at a per annum rate equal to the LIBOR Rate Margin aggregate L/C Fees applicable to such Letters of Credit times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
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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 Revolver LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.
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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 RateSOFR Margin times the undrawn times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
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Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving LendersLenders with a Commitment), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses costs set forth in Section 2.11(k2.11(e)) that which shall accrue at a per annum rate equal to the Applicable Margin for Tranche A Advances which constitute LIBOR Rate Margin Loans times the Daily Balance of the undrawn amount of all outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Dixie Group Inc)
Letter of Credit Fee. Borrowers Borrower 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.
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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 times the average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month) (or portion thereof).
Appears in 1 contract
Samples: Credit Agreement (GoPro, Inc.)
Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), 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)2.11) that shall accrue (i) at a per annum rate equal to the LIBOR Rate Margin Applicable Margin, times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month (or portion thereof).
Appears in 1 contract
Samples: Debtor in Possession Credit Agreement (McClatchy Co)
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 SOFR Margin, in each case times the undrawn average amount of all outstanding Letters the Letter of CreditCredit Usage during the immediately preceding month.
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Letter of Credit Fee. Borrowers Borrower 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 Eurodollar Margin times the aggregate undrawn amount stated amounts of all outstanding Letters of Credit.
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