Letter of Credit Fees and Charges. Borrower shall pay to Lender the issuance fee in connection with each standby or trade Letter of Credit at the time of issuance of such Letter of Credit or as otherwise agreed in the Application and Agreement for Letter of Credit or any other reimbursement agreement between Borrower and Lender with respect thereto. Borrower shall also pay to Lender as and when due any other customary fees and administrative charges required by Lender with respect to Letter of Credit transactions.
Letter of Credit Fees and Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, from and including the date hereof to the date on which all Letters of Credit have expired or been terminated, a letter of credit fee at the Applicable LOC Fee Rate in effect from time to time on the aggregate of the actual daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time; provided, however, that, to the extent and so long as the Borrower pledges cash to the Administrative Agent pursuant to the Security Agreement by depositing such cash into account number 4560001520 of the Administrative Agent at UBOC, Los Angeles, California, as collateral for the Borrower’s contingent reimbursement obligations in respect of all or a portion of the aggregate Letter of Credit Amount of the Letters of Credit outstanding from time to time, then the letter of credit fee payable on all or such portion, as applicable, of the aggregate of the actual daily Letter of Credit Amounts of such Letters of Credit shall be payable at the rate of 0.40% per annum. The letter of credit fee payable under this Agreement shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on November 1, 2007, to the extent accrued during the immediately preceding calendar month; provided, however, that the Borrower will pay a letter of credit fee in accordance with Section 2.12(a) of the Old Credit Agreement with respect to periods before the date hereof.
Letter of Credit Fees and Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, from and including the date hereof to the date on which all Letters of Credit have expired or been terminated, a letter of credit fee (the “Letter of Credit Fee”) at the Applicable LOC Fee Rate in effect from time to time on the aggregate of the actual daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time; provided, however, that, to the extent and so long as no Event of Default has occurred and is continuing and the Borrower pledges cash collateral to the Collateral Agent pursuant to the Security Agreement by depositing such cash collateral into account number 4560001520 of the Collateral Agent at UBOC, Los Angeles, California, as collateral for, and in the amount of, the Borrower’s contingent reimbursement obligations in respect of all or a portion of the aggregate Letter of Credit Amount of the Letters of Credit outstanding from time to time, then the Letter of Credit Fee payable on all or such portion, as applicable, of the aggregate of the actual daily Letter of Credit Amounts of such Letters of Credit shall be payable at the rate of 0.75% per annum. The Letter of Credit Fee shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on September 1, 2008, to the extent accrued during the immediately preceding calendar month; provided, however, that on September 1, 2008 the Borrower will pay a letter of credit fee in accordance with Section 2.12(a) of the Old Credit Agreement with respect to periods before the Closing Date.
Letter of Credit Fees and Charges. Section 2.13 Limits of Liability of Issuing Banks and Lenders.
Letter of Credit Fees and Charges. (a) The Borrower shall pay to the Agent for the account of the Banks, from June 30, 1997 to the Commitment Termination Date, a letter of credit fee at the rate of 1.25% per annum on the aggregate of the average daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time. Such letter of credit fee shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on July 1, 1997, to the extent accrued during the immediately preceding calendar month. (b) The Borrower shall pay to the Agent for its own account such additional fees and charges (including cable charges) as are generally associated with letters of credit, in accordance with the Agent's standard internal charge guidelines. Section 2.13
Letter of Credit Fees and Charges. The Borrowers shall pay to the Agent all fees and charges with respect to Letters of Credit as provided for in Section 3(b) hereof.
Letter of Credit Fees and Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, from the Initial Closing Date to the date on which all Letters of Credit have expired or been terminated, a letter of credit fee at the Applicable LOC Fee Rate on the aggregate of the actual daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time; provided, however, that, for any period before the Initial Closing Date, the Borrower shall not be required to pay the letter of credit fee as provided above and will instead pay the letter of credit fee as provided in Section 2.12(a) of the Old Credit Agreement. The letter of credit fee payable under this Agreement shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on June 2, 2003, to the extent accrued during the immediately preceding calendar month.
Letter of Credit Fees and Charges. (a) The Borrower will pay to the Agent for the account of the Lenders, from the Closing Date to the Commitment Termination Date, a letter of credit fee at the Applicable LOC Fee Rate on the aggregate of the actual daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time. Such letter of credit fee shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on December 1, 1999, to the extent accrued during the immediately preceding calendar month.
Letter of Credit Fees and Charges. SI shall pay U.S. Bank an annual issuance fee of 1.25 percent per annum in respect of each outstanding letter of credit issued by U.S. Bank for the account of SI. In addition, SI promptly shall pay U.S. Bank all other customary fees and charges assessed by U.S. Bank with respect to any letters of credit issued by U.S. Bank for the account of SI.
Letter of Credit Fees and Charges. (a) The Borrower will pay to the Administrative Agent, for the account of the Lenders, from November 1, 2004 to the date on which all Letters of Credit have expired or been terminated, a letter of credit fee at the Applicable LOC Fee Rate on the aggregate of the actual daily Letter of Credit Amounts of all Letters of Credit outstanding from time to time. The letter of credit fee payable under this Agreement shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on December 1, 2004, to the extent accrued during the immediately preceding calendar month.
