Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commission, payable in arrears quarterly, as invoiced by the Administrative Agent on or before the due date, on the last day of each April, July, October and January, commencing July 31, 2006, and on the Termination Date in respect of the Revolving Credit Facility, on such Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit at the Applicable Percentage for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of a Default under Section 6.01(a) or 6.01(f) or an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum. (ii) The Borrower shall pay to the Issuing Bank, for its own account, such commissions, issuance fees, fronting fees, transfer fees and other fees and charges in connection with the issuance or administration of each Letter of Credit as the Borrower and the Issuing Bank shall agree, with the initial fronting fee to be 0.125% per annum on the Available Amount of all Letters of Credit payable quarterly, as invoiced by the Administrative Agent on or before the due date, in arrears on the last day of each April, July, October and January, commencing July 31, 2006.
Appears in 3 contracts
Samples: Credit Agreement (CBRL Group Inc), Credit Agreement (CBRL Group Inc), Credit Agreement (Cracker Barrel Old Country Store, Inc)
Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commission, payable in arrears quarterly, as invoiced by the Administrative Agent on or before the due date, on the last day of each April, July, October and January, commencing July 31January 30, 20062015, and on the Termination Date in respect of the Revolving Credit Facility, on such Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit at the Applicable Percentage for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of a Default under Section Sections 6.01(a) or 6.01(f(f) or an Event of Default, the amount of commission payable by the Borrower under this clause (b)(iSection 2.08(b)(i) shall be increased by 2% per annum.
(ii) The Borrower shall pay to the Issuing Bank, for its own account, such commissions, an issuance fees, fronting fees, transfer fees and other fees and charges in connection fee with the issuance or administration of respect to each Letter of Credit issued hereunder pursuant to, and in accordance with, the Administrative Agency Fee Letter or as otherwise agreed to by the Borrower and the Issuing Bank Bank. Such issuance fee shall agree, with the initial fronting fee to be 0.125% per annum on the Available Amount of all Letters of Credit payable quarterly, as invoiced by the Administrative Agent on or before the due date, in arrears on the last day of each April, July, October and January, commencing July 31January 30, 20062015.
Appears in 1 contract
Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)
Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commission, payable in arrears quarterly, as invoiced by the Administrative Agent on or before the due date, on the last day of each April, July, October and January, commencing July 3129, 20062011, and on the Termination Date in respect of the Revolving Credit Facility, on such Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit at the Applicable Percentage for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of a Default under Section Sections 6.01(a) or 6.01(f(f) or an Event of Default, the amount of commission payable by the Borrower under this clause (b)(iSection 2.08(b)(i) shall be increased by 2% per annum.
(ii) The Borrower shall pay to the Issuing Bank, for its own account, such commissions, an issuance fees, fronting fees, transfer fees and other fees and charges in connection fee with the issuance or administration of respect to each Letter of Credit issued hereunder pursuant to, and in accordance with, the Administrative Agency Fee Letter or as otherwise agreed to by the Borrower and the Issuing Bank Bank. Such issuance fee shall agree, with the initial fronting fee to be 0.125% per annum on the Available Amount of all Letters of Credit payable quarterly, as invoiced by the Administrative Agent on or before the due date, in arrears on the last day of each April, July, October and January, commencing July 3129, 20062011.
Appears in 1 contract
Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)
Letter of Credit Fees, Etc. (i) The Borrower shall pay to the -------------------------- Administrative Agent for the account of each Revolving Credit Working Capital Lender a commission, payable in arrears quarterly, as invoiced by the Administrative Agent on or before the due date, monthly on the last first day of each April, July, October and Januarymonth, commencing July 31August 1, 20062001, and on the Termination Date in respect earliest to occur of the Revolving full drawing, expiration, termination or cancellation of any Letter of Credit Facilityand on the Termination Date, on such Lender’s 's Pro Rata Share of the average daily aggregate Available Amount during such quarter month of all Letters of Credit outstanding from time to time at the rate of the Applicable Percentage Margin for Eurodollar Rate Advances under the Revolving Credit Working Capital Facility. Upon ; provided, however, upon the occurrence and during the continuance of a an Default under Section 6.01(a) or 6.01(f6.01(i) or an Event of Default, the amount Administrative Agent may, and upon the request of the Required Lenders shall, require that such commission payable shall increase by the Borrower under this clause (b)(i) shall be increased by a rate per annum equal at all times to 2% per annumannum above the rate per annum required to be paid on such commission pursuant to this clause(i), payable on demand.
(ii) The Borrower shall pay to the Issuing Bank, for its own account, such commissionsa fronting fee, issuance fees, fronting fees, transfer fees and other fees and charges payable in connection with arrears monthly on the issuance or administration first day of each Letter of Credit as the Borrower month, commencing August 1, 2001, and the Issuing Bank shall agree, with the initial fronting fee to be 0.125% per annum on the Termination Date, on the average daily aggregate Available Amount during such month of all Letters of Credit payable quarterly, as invoiced by outstanding from time to time at the Administrative Agent on or before the due date, in arrears on the last day rate of each April, July, October and January, commencing July 31, 20060.25% per annum.
Appears in 1 contract
Samples: Senior Secured Priming Debtor in Possession Credit Agreement (Amf Bowling Worldwide Inc)