Common use of Letter of Credit Fronting and Administrative Fees Clause in Contracts

Letter of Credit Fronting and Administrative Fees. Borrowers agree to pay Agent, for the benefit of the Issuing Bank, a fee equal to 0.125% of the face amount of each Letter of Credit requested by Borrowers, if any. Such fee shall be due and payable at the time of issuance of any such Letter of Credit. Borrowers also agree to pay all present and future expenses, charges, costs and fees of any Letter of Credit application, including, without limitation, all amendment fees, presentation fees, wire charges, commissions, transfer fees, issuance fees and attorneys' fees and expenses of the Issuing Bank.

Letter of Credit Fronting and Administrative Fees. Borrowers agree to pay Agent, for the benefit of the Issuing Bank, Agent a fee equal to 0.125% per annum of the face amount of each Letter of Credit requested by Borrowers, if any. Such fee shall be due and payable at quarterly in arrears on the time last day of each Fiscal Quarter, the first such payment to be made on the first such date occurring after the date of the issuance of any such a Letter of Credit. Borrowers also agree to pay all present and future expenses, charges, costs and fees of any Letter of Credit application, including, without limitation, all amendment fees, presentation fees, wire charges, commissions, transfer fees, issuance fees charges and attorneys' fees and expenses of the Issuing Bank.

Letter of Credit Fronting and Administrative Fees. Borrowers agree to pay Agent, for the benefit of the Issuing Bank, a fee equal to 0.125% of the face amount of each Letter of Credit requested by Borrowers, if any. Such fee shall be due and payable at the time of issuance of any such Letter of Credit. Borrowers also agree to pay all present and future expenses, charges, costs and fees of any Letter of Credit application, including, without limitation, all amendment fees, presentation fees, wire charges, commissions, transfer fees, issuance fees and attorneys' ’ fees and expenses of the Issuing Bank.