Letter of Credit Fees and Expenses. The Parent shall pay directly to the Bank for its sole account its customary documentary and processing charges in accordance with that certain letter agreement between the Parent and the Bank dated as of the date hereof (as such letter agreement may be amended, restated or otherwise modified from time to time, the "Fee Letter"). Such fees and charges are nonrefundable.
Letter of Credit Fees and Expenses. The applicable Borrower shall pay directly to the Bank for its sole account its customary documentary and processing charges in accordance with past practice, or as otherwise mutually agreed by the Borrowers and the Bank. Such fees and charges are nonrefundable.
Letter of Credit Fees and Expenses. (a) Subject to Section 3.3, the Borrowers agree to pay to the Administrative Agent for the account of the Revolving Lenders in accordance with their respective Pro Rata Shares a fee (the “Letter of Credit Fee”) equal to the Letter of Credit Fee Percentage, multiplied by the average undrawn amount of each Letter of Credit issued and outstanding hereunder. The Letter of Credit Fee shall be (i) computed on the basis of a 360 day year for the actual number of days elapsed and (ii) payable monthly in arrears on the first day of each month following any month in which a Letter of Credit was issued and/or in which a Letter of Credit remained outstanding and on the Revolving Termination Date.
(b) Subject to Section 3.3, the Borrowers agree to pay to the Letter of Credit Issuer, for its sole benefit, (i) all out-of-pocket costs, fees, and expenses incurred by the Letter of Credit Issuer in connection with the application for, processing, issuance, renewal, extension, or amendment of any Letter of Credit and (ii) a “fronting fee” in an amount equal to 0.125% of the face amount of such Letter of Credit on the date of issuance, renewal, or extension of each Letter of Credit.
Letter of Credit Fees and Expenses. The Borrower agrees to pay to the Revolving Agent for the benefit of the Revolving Lenders, the fees set forth in Section 3.06(c) in connection with Letter of Credit Obligations. The Borrower agrees to pay to the Revolving Agent for the benefit of the L/C Issuer, (i) the fees set forth in Section 3.06(d) in connection with the issuance of Letters of Credit and, (ii) on demand, such reasonable fees (including all per annum fees), charges and expenses of the L/C Issuer customarily charged by the L/C Issuer in respect of the issuance, negotiation, acceptance, amendment, transfer and payment of Letters of Credit or otherwise payable pursuant to the application and related documentation under which any Letter of Credit is issued.
Letter of Credit Fees and Expenses. In consideration of the issuance by Lender of each of the Letters of Credit, Borrower will pay to Lender
(a) commissions with respect to each Letter of Credit so long as Lender is obligated under the applicable Letter of Credit, computed on such amounts and: (i) as to Letters of Credit that are standby letters of credit, at the rate of one percent (1%) per annum of the stated amount of each Letter of Credit, payable quarterly for Letters of Credit then outstanding in advance and calculated on the basis of a year of 360 days and the actual number of days elapsed, with a $300 minimum per Letter of Credit per annum and an additional issuance fee of $150 per Letter of Credit, such minimum fees and issuance fees to be adjusted from time to time to Lender's standard rates and with respect to Letters of Credit when the minimum fee is charged the fee will be collected upon its issuance, and (ii) as to Letters of Credit that are import/export letters of credit, at the rate of one quarter of one percent (.25%) of the stated amount of each Letter of Credit, payable upon issuance, with a $75 minimum per Letter of Credit and an additional issuance fee of $50 per Letter of Credit, such minimum fees and issuance fees to be adjusted from time to time to Lender's standard rates and (b) all expenses that Lender reasonably incurs in connection with any Letter of Credit (including but not limited to attorney's fees, wire transfer charges, fees of correspondent and confirming banks, foreign exchange fees, etc.). Lender will credit Borrower on a pro-rata basis for Letters of Credit commissions with respect to Letters of Credit paid or terminated prior to its stated maturity date.
Letter of Credit Fees and Expenses. This Agreement hereby incorporates by reference as though fully set forth herein, all provisions of the Credit Agreement on the fees and expenses due and payable to the Series 2001-1 Letter of Credit Provider in connection with issuance of the Series 2001-1 Letter of Credit including, without limitation, Sections 3.3 and 4.3 thereof, and Dollar, Thrifty and DTAG each hereby agrees to pay such fees and expenses pursuant to and in the manner provided in the Credit Agreement.
Letter of Credit Fees and Expenses. (i) Subject to Section 9.14, the Borrowers agree to pay to the Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares a fee (the "Letter of Credit Fee") equal to the Letter of Credit Fee Percentage, multiplied by the average undrawn face amount of each Letter of Credit issued and outstanding hereunder. The Letter of Credit Fee shall be computed (A) on the basis of a 360 day year for the actual number of days elapsed and (B) payable monthly in arrears on the first day of each month following any month in which a Letter of Credit was issued and/or in which a Letter of Credit remained outstanding and on the Termination Date.
(ii) Subject to Section 9.14, the Borrowers agree to pay to the Letter of Credit Issuer, for its sole benefit, (A) all reasonable out-of-pocket costs, fees, and expenses incurred by the Letter of Credit Issuer in connection with the application for, processing, issuance, renewal, extension, or amendment of any Letter of Credit and (B) a "fronting fee" in an amount equal to 0.125% of the face amount of such Letter of Credit, which fee shall be due and payable on the date of issuance, renewal, or extension of each Letter of Credit.
Letter of Credit Fees and Expenses. In consideration of the issuance by Lender of each of the Letters of Credit, Borrower will pay to Lender (a)
Letter of Credit Fees and Expenses. Borrowers agree to pay to Administrative Agent, for the benefit of Revolver Lenders, as compensation to such Lenders for Obligations in respect of Letters of Credit incurred hereunder, (i) all costs and expenses Administrative Agent or any Revolver Lender is required to reimburse any Issuing Bank in respect of any Letter of Credit and all other reasonable costs and expenses incurred by Administrative Agent or any Revolver Lender on account of such Letter of Credit Obligations, and (ii) for each month during which any Letter of Credit Obligation shall remain outstanding, a fee (the "Letter of Credit Fee") in an amount equal to (A) a per annum rate equal to the Applicable Margin in effect during such month applicable to Revolving Loans multiplied by (B) the maximum amount available from time to time to be drawn under the applicable Letter of Credit for the period of time such Letter of Credit is outstanding; provided, that no Letter of Credit Fee shall accrue for the benefit of a Defaulting Lender described in clauses (a) or (b) of the definition thereof so long as such Revolver Lender shall be a Defaulting Lender. Such fee shall be paid to Administrative Agent, for the benefit of the Revolver Lenders, in arrears, on the last Business Day of each Fiscal Month. In addition, Borrowers shall pay to any Issuing Bank, promptly, such customary reasonable fees (including all per annum fees and fronting fees), charges and out-of-pocket expenses of such Issuing Bank in respect of the issuance, negotiation, acceptance, amendment, transfer and payment of such Letter of Credit or otherwise payable pursuant to, and in accordance with, the application and related documentation under which such Letter of Credit is issued.
Letter of Credit Fees and Expenses. Quarterly in arrears, on the last day of each March, June, September, and December, commencing on the first such date occurring after the date hereof, the Borrower shall pay to the Bank a letter of credit fee at a rate per annum equal to the Applicable Margin for LIBOR Rate Loans in effect during each day of such quarter applied to the daily average face amount of undrawn Letters of Credit during such quarter. The Borrower shall pay to the Bank the Bank’s customary issuance, negotiation and transfer fees and other fees and charges in connection with the issuance or administration of the Letters of Credit in effect from time to time as separately agreed upon by the Borrower and the Bank.
