Common use of Letter of Credit Fees, Etc Clause in Contracts

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 on the last day of each February, May, August and November, commencing August 30, 2003, and on the Termination Date in respect of the Letter of Credit Facility, on such Lender's Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b)). (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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 3 contracts

Samples: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp)

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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 on the last day of each February, May, August and November, commencing August 30, 2003, and on the Termination Date in respect of the Letter of Credit Facility, on such Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b)). (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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 2 contracts

Samples: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp)

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 arrears, (a) quarterly on the last day of each FebruaryMarch, MayJune, August September and November, December commencing August June 30, 20032018, (b) on the earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit, and (c) on the Termination Date in respect of the Letter of Credit FacilityRC Maturity Date, on such Revolving Credit Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time for the applicable period at the rate per annum equal to the Applicable Margin for Revolving Credit Facility Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))in effect from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.125% of the Available Amount of such Letter of Credit on the date of issuance of such Letter of Credit, payable on such date and (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, 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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032005, and on the Termination Date in respect of the Letter of Credit Facility, on such Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) ), if requested by the Required Revolving Credit Lenders through the Administrative Agent, shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))annum. (ii) The Borrower shall pay to the each 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 issued by such Issuing Bank as the Borrower and the such Issuing Bank shall agree, with the initial fronting fee equal to be 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032005.

Appears in 1 contract

Samples: Credit Agreement (Landrys Restaurants Inc)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent Agent, for the account of each Revolving Lender, a commission with respect to each Letter of Credit Lender a commissionoutstanding from time to time, payable in arrears arrears, (a) quarterly on the last day of each FebruarySeptember, MayDecember, August March and NovemberJune, commencing August 30March 31, 20032017, and (b) on the Revolving Credit Termination Date in respect of the Letter of Credit FacilityDate, on such Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during of such quarter of all Letters Letter of Credit of during the applicable quarter at a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))in effect from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee for each Letter of Credit issued by such Issuing Bank and outstanding from time to time, payable in arrears, (a) quarterly on the last day of each September, December, March and June, commencing March 31, 2017, and (b) on the Revolving Credit Termination Date, on the average daily Available Amount of such Letter of Credit during the applicable quarter at a rate per annum equal to one eighth of one percent (0.125%); provided that in any event the minimum amount of the fronting fee payable in any 12-month period with respect to any Letter of Credit shall be $500; and (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Operating Partnership LP)

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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 2003, and on the Termination Date in respect earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit Facilityand on the Revolving Credit Termination Date, on such Lender's Pro Rata Share of the average actual daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at the rate per annum equal to the Applicable Margin then in effect for Revolving Credit Advances that are Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default(including default interest, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b)if any). (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee, payable in arrears quarterly on the last day of each March, June, September and December, commencing June 30, 2003, and on the Revolving Credit Termination Date, on the average daily amount of its Letter of Credit Commitment during such quarter, from the Effective Date until the Revolving Credit Termination Date, at the rate of 0.25% per annum and an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.25% of the Available Amount of such Letter of Credit on the date of issuance of such Letter of Credit, payable on such date; provided that, in no event shall such issuance fee be less than $500, (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology Inc)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender Bank (including, without duplication, the applicable Issuing Bank) a commission, payable in arrears quarterly (within three Business Days after receipt from the Agent of an invoice therefor) for each period ending on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032011 until the applicable expiration date for such Letter of Credit and, and if applicable, on the Termination Date in respect of the Letter of Credit Facilityfor each Bank, on such LenderBank's Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of then outstanding at a rate equal to the Applicable Margin for on Eurodollar Rate Advances under the Revolving in effect from time to time; provided, however, that with respect to Performance Letters of Credit Facility. Upon the occurrence and during the continuance Commercial Letters of an Event of Default, the amount of Credit such commission payable by the Borrower under this clause (b)(i) shall be increased by 2equal to 50% per annum (without duplication of amounts payable under Section 2.07(b))such Applicable Margin from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount as the Borrower and such Issuing Bank shall agree and (B) such other 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 such Issuing Bank shall agree (within three Business Days after receipt from the Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003an invoice therefor).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halliburton Co)

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 quarterly in arrears quarterly on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30December 31, 20032007, and on the Termination Date in respect of the Letter of Credit FacilityDate, on such Revolving Credit Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facilityin effect from time to time. Upon the occurrence and during the continuance of an any Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))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 a facing fee in connection with the issuance or administration respect of each Letter of Credit as the Borrower and the Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters issued by it for each Letter of Credit issued by the Issuing Bank Bank, in an amount equal to 0.125% of the Available Amount of such Letter of Credit, provided that in no event shall the annual facing fee in respect of any Letter of Credit be less than $500.00. Facing fees shall be due and payable quarterly in arrears on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30December 31, 20032007. In addition, the Borrower shall pay to the Issuing Bank, for its own account, the Issuing Bank’s standard charges with respect to the issuance of, amendment to, payment under and transfer of Letters of Credit and such other fees related to Letters of Credit including but not limited to postage, courier, electronic mail and legal expenses.

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender Bank (including, without duplication, the applicable Issuing Bank) a commission, payable in arrears quarterly (within three Business Days after receipt from the Agent of an invoice therefor) for each period ending on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032019 until the applicable expiration date for such Letter of Credit and, and if applicable, on the Termination Date in respect of the Letter of Credit Facilityfor each Bank, on such Lender's Bank’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of then outstanding at a rate equal to the Applicable Margin for on Eurodollar Rate Advances under the Revolving in effect from time to time; provided, however, that with respect to Performance Letters of Credit Facility. Upon the occurrence and during the continuance Commercial Letters of an Event of Default, the amount of Credit such commission payable by the Borrower under this clause (b)(i) shall be increased by 2equal to 50% per annum (without duplication of amounts payable under Section 2.07(b))such Applicable Margin from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount as the Borrower and such Issuing Bank shall agree and (B) such other 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 such Issuing Bank shall agree (within three Business Days after receipt from the Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003an invoice therefor).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halliburton Co)

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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032001, and on the Termination Date in respect earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit Facilityand on the Termination Date, on such Lender's Pro Rata Share of the average actual daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at the rate per annum equal to the Applicable Margin then in effect for Revolving Credit Advances that are Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default(including default interest, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b)if any). (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee, payable in arrears quarterly on the last day of each March, June, September and December, commencing March 31, 2001, and on the Termination Date, on the average daily amount of its Letter of Credit Commitment during such quarter, from the Effective Date until the Termination Date, at the rate of 0.25% per annum and an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.25% of the Available Amount of such Letter of Credit on the date of issuance of such Letter of Credit, payable on such date; provided that, in no event shall such issuance fee be less than $500, (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology 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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30December 31, 20032002, and on the earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit and on the Revolving Credit Termination Date in respect of the Letter of Credit Facility, on such Lender's Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at the rate of at the Applicable Margin 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 (without duplication of amounts payable under Section 2.07(b))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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Headwaters Inc)

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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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30December 31, 20032006, and on the Termination Date in respect of the Letter of Credit FacilityDate, on such Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))annum. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee, payable in arrears quarterly on the last day of each March, June, September and December, commencing December 31, 2006, and on the Termination Date, on the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time, at the rate of 0.125% per annum and (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (NCO Teleservices, 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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 20032000, and on the Termination Date in respect earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit Facilityand on the Termination Date, on such Lender's Pro Rata Share of the average actual daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at the rate per annum equal to the Applicable Margin then in effect for Revolving Credit Advances that are Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default(including default interest, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b)if any). (ii) The Borrower shall pay to the each Issuing Bank, for its own account, such commissions(A) a fronting fee, 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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears quarterly on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 2003.2000, and on the Termination Date, on the average daily amount of its Letter of Credit Commitment during such quarter, from the date hereof until the Termination Date, at the rate of 0.25% per annum and an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.25% of the Available Amount of such Letter of Credit on the date of issuance of such Letter of Credit, payable on such date; provided that, in no event shall such issuance fee be less than $500 (B) such

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology 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 quarterly in arrears quarterly on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 20032006, and on the Termination Date in respect of the Letter of Credit FacilityDate, on such Revolving Credit Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of outstanding from time to time at a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facilityin effect from time to time. Upon the occurrence and during the continuance of an any Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))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 a facing fee in connection with the issuance or administration respect of each Letter of Credit as the Borrower and the Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters issued by it for each Letter of Credit issued by the Issuing Bank Bank, in an amount equal to 0.125% of the Available Amount of such Letter of Credit, provided that in no event shall the annual facing fee in respect of any Letter of Credit be less than $500.00. Facing fees shall be due and payable quarterly in arrears on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 20032006. In addition, the Borrower shall pay to the Issuing Bank, for its own account, the Issuing Bank’s standard charges with respect to the issuance of, amendment to, payment under and transfer of Letters of Credit and such other fees related to Letters of Credit including but not limited to postage, courier, electronic mail and legal expenses.

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender Bank (including, without duplication, the applicable Issuing Bank) a commission, payable in arrears quarterly (within three Business Days after receipt from the Agent of an invoice therefor) for each period ending on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August June 30, 20032022 until the applicable expiration date for such Letter of Credit and, and if applicable, on the Termination Date in respect of the Letter of Credit Facilityfor each Bank, on such Lender's Bank’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of then outstanding at a rate equal to the Applicable Margin for Eurodollar Rate on SOFR Advances under the Revolving in effect from time to time; provided, however, that with respect to Performance Letters of Credit Facility. Upon the occurrence and during the continuance Commercial Letters of an Event of Default, the amount of Credit such commission payable by the Borrower under this clause (b)(i) shall be increased by 2equal to 50% per annum (without duplication of amounts payable under Section 2.07(b))such Applicable Margin from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount as the Borrower and such Issuing Bank shall agree and (B) such other 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 such Issuing Bank shall agree (within three Business Days after receipt from the Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003an invoice therefor).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halliburton Co)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender Bank a commission, payable in arrears quarterly (within three Business Days after receipt from the Agent of an invoice therefor) for each period ending on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30December 31, 2003, 2005 and on the Termination Date in respect of the Letter of Credit FacilityDate, on such Lender's Bank’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of then outstanding at a rate equal to the Applicable Margin for on Eurodollar Rate Advances under the Revolving in effect from time to time; provided, however, that with respect to Performance Letters of Credit Facility. Upon the occurrence and during the continuance Commercial Letters of an Event of Default, the amount of Credit such commission payable by the Borrower under this clause (b)(i) shall be increased by 2equal to 50% per annum (without duplication of amounts payable under Section 2.07(b))such Applicable Margin from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.125% of the Available Amount of such Letter of Credit on the date of issuance of such Letter of Credit, payable on such date and (B) such other 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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Revolving Credit Agreement (Halliburton Co)

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 on the last day of each FebruaryMarch, MayJune, August September and NovemberDecember, commencing August 30March 31, 20032006, and on the Termination Date in respect of the Letter of Credit Facility, on such Lender's Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit of at the Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Defaulta Default under Section 6.01(a) or 6.01(f), the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))annum. (ii) The Borrower shall pay to the Issuing Bank, for its own account, a fronting fee of 0.25% per annum on the Available Amount of all Letters of Credit payable quarterly in arrears on the last day of each March, June, September and December, commencing March 31, 2006 and such commissions, customary 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 equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Open Solutions Inc)

Letter of Credit Fees, Etc. (i) The Borrower shall pay to the Administrative Agent Agent, for the account of each Revolving Credit Lender Lender, a commissioncommission with respect to each Letter of Credit outstanding from time to time, payable in arrears arrears, (a) quarterly on the last day of each FebruarySeptember, MayDecember, August March and NovemberJune, commencing August 30December 31, 20032013, and (b) on the Revolving Credit Termination Date in respect of the Letter of Credit FacilityDate, on such Revolving Credit Lender's ’s Pro Rata Share of the average daily aggregate Available Amount during of such quarter of all Letters Letter of Credit of during the applicable quarter at a rate per annum equal to the Revolving Credit Loan Applicable Margin for Eurodollar Rate Advances under the Revolving Credit Facility. Upon the occurrence and during the continuance of an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum (without duplication of amounts payable under Section 2.07(b))in effect from time to time. (ii) The Borrower shall pay to the each Issuing Bank, for its own account, (A) a fronting fee for each Letter of Credit issued by such Issuing Bank and outstanding from time to time, payable in arrears, (a) quarterly on the last day of each September, December, March and June, commencing December 31, 2013, and (b) on the Revolving Credit Termination Date, on the average daily Available Amount of such Letter of Credit during the applicable quarter at a rate per annum equal to 0.125%; provided that in any event the minimum amount of the fronting fee payable in any 12-month period with respect to any Letter of Credit shall be $500; and (B) such other 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 such Issuing Bank shall agree, with the initial fronting fee equal to 0.125% per annum on the Available Amount of all Letters of Credit issued by the Issuing Bank payable quarterly in arrears on the last day of each February, May, August and November, commencing August 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Operating Partnership LP)

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