Common use of Letter of Credit Fee Clause in Contracts

Letter of Credit Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans in effect from time to time; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers for their own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The applicable Borrower shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans Letter of Credit Fees in effect from time to time; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable L/C Issuer pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the applicable L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall agrees to pay to the Administrative Agent for the account ratable benefit of each Revolving Lender that is not a Defaulting Lender a the Lenders an annual fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Percentage of per annum multiplied by (B) the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the first Business Day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Letter of Credit Expiration Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The Borrower Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans in effect from time to time; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers for their own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall agrees to pay to the Administrative Agent for the account ratable benefit of each the Revolving Lender that is not a Defaulting Lender a Lenders an annual fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Rate per annum multiplied by (B) the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans Letter of Credit Fees in effect from time to time; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall agrees to pay to the Administrative Agent for the account ratable benefit of each Revolving Lender that is not a Defaulting Lender a the Lenders an annual fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Percentage of per annum multiplied by (B) the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the fifth (5th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall pay agrees to pay, in Dollars, to the Administrative Agent for the account ratable benefit of each the Revolving Lender that is not a Defaulting Lender a Lenders an annual fee in Dollars (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Rate per annum multiplied by (B) the Dollar Equivalent of the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Revolving Loan Maturity Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The Borrower Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans in effect from time to time; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral pursuant to Table of Contents Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers for their own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans Letter of Credit Fees in effect from time to time; provided, however, provided however that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Revolving Commitment Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall agrees to pay to the Administrative Agent for the account ratable benefit of each Revolving Lender that is not a Defaulting Lender a the Lenders an annual fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Percentage of per annum multiplied by (B) the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The In consideration of the issuance of Letters of Credit hereunder, the Borrower shall promises to pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average actual daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans in effect from time to timeLoans; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable L/C Issuer pursuant to Section 2.05 2.4 (and, to the extent applicable,Section 3.18) shall instead be payable, to the maximum extent permitted by applicable Lawlaw, to the other Lenders in accordance with the upward adjustments in their respective Applicable Commitment Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv3.19(a)(iv), with the balance of such fee, if any, payable to the applicable L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a payable quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with December for the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandimmediately preceding quarter (or a portion thereof).

Letter of Credit Fee. The In consideration of the L/C Commitments hereunder, the Borrower shall pay agrees to pay, in Dollars, to the Administrative Agent for the account ratable benefit of each the Revolving Lender that is not a Defaulting Lender a Lenders an annual fee in Dollars (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the average Applicable Rate per annum multiplied by (B) the actual daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the 10th day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Revolving Loan Maturity Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to an L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.14(a)(iv), with the balance of such fee, if any, payable to the applicable L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender that is not a Defaulting Lender a fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans Letter of Credit Fees in effect from time to time; provided, however, provided however that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.

Letter of Credit Fee. The In consideration of the L/C Commitments hereunder, the Borrower shall pay agrees to pay, in Dollars, to the Administrative Agent for the account ratable benefit of each the Revolving Lender that is not a Defaulting Lender a Lenders an annual fee in Dollars (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the average Applicable Rate per annum multiplied by (B) the actual daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the 10th day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Revolving Loan Maturity Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to an L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.14(a)(iv), with the balance of such fee, if any, payable to the applicable L/C Issuers Issuer for their its own respective accountsaccount. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.(ii)

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall pay agrees to pay, in Dollars, to the Administrative Agent for the account ratable benefit of each the Revolving Lender that is not a Defaulting Lender a Lenders an annual fee in Dollars (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Rate per annum multiplied by (B) the Dollar Equivalent of the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Revolving Loan Maturity Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The In consideration of the L/C Commitment hereunder, the Borrower shall agrees to pay to the Administrative Agent for the account ratable benefit of each Revolving Lender that is not a Defaulting Lender a the Lenders an annual fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage with respect to each Letter of Credit issued hereunder equal to (A) the Applicable Rate per annum multiplied by (B) the average daily maximum amount available to be drawn under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter Letters of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal expiration. The Letter of Credit Fee shall be computed on a quarterly basis in arrears and shall be payable quarterly in arrears on the tenth (10th) day after the end of each March, June, September and December, commencing on the first such date to occur after the Applicable Margin for Eurodollar Loans in effect from time to timeClosing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, however, that any Letter of Credit Fees CHAR1\1461780v16 otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to Section 2.05 2.03 shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages Revolving Commitment Percentage allocable to such Letter of Credit pursuant to Section 2.17(a)(iv2.15(a)(iv), with the balance of such fee, if any, payable to the L/C Issuers Issuer for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.

Letter of Credit Fee. The Borrower shall agrees to pay to the Administrative Agent Agent, for the account of each Revolving Lender that is not Lender, a Defaulting Lender a letter of credit fee (the “Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage for each calendar quarter (or portion thereof) in respect of the average daily maximum amount available to be drawn under each Letter all Letters of Credit (whether or not outstanding during such maximum amount is then in effect under such Letter of Credit) computed quarter, at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin for Eurodollar Loans in effect for such fee from time to timetime during such quarter, on such Lender’s Ratable Share of the average daily aggregate Stated Amount of such Letters of Credit. The Letter of Credit Fee shall be due and payable quarterly in arrears (i) on the last Business Day of each calendar quarter, commencing with the first such date to occur after the Closing Date, and (ii) on the later of the Commitment Termination Date and the date of termination of the last outstanding Letter of Credit; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Participated Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Fronting Bank pursuant to Section 2.05 2.03(c)(viii) shall instead be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Participated Letter of Credit pursuant to Section 2.17(a)(iv2.20(a)(iii), with the balance of such fee, if any, payable to the L/C Issuers Fronting Bank for their its own respective accounts. The Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demandaccount.