Letter of Credit Fronting Fees. To each Issuing Bank a fronting fee with respect to each Letter of Credit issued by such Issuing Bank, which fee shall equal the product of a percentage to be agreed between the Parent Borrower and the relevant Issuing Bank (but in any event not to exceed 0.125% unless otherwise agreed by the Parent Borrower) of the initial stated amount of such Letter of Credit multiplied by a fraction, the numerator of which is the number of days included in the term of such Letter of Credit and whose denominator is 360; and
Letter of Credit Fronting Fees. The Borrower agrees to pay to Administrative Agent, for the account of each Issuing Bank, a fee (the "Fronting Fees") with respect to the Letters of Credit issued by such Issuing Bank for the period from and including the date of issuance of each thereof to the expiration date thereof, at a rate per annum equal to 0.10% on the average daily maximum amount available under any contingency to be drawn under such Letters of Credit. The Fronting Fees shall be (i) calculated on the basis of a 360 day year for the actual number of days elapsed and (ii) payable quarterly in arrears on the last day of each March, June, September and December of each year and on the last day of the Revolving Credit Commitment Period. In addition to the Fronting Fees, the Borrower agrees to pay to each Issuing Bank, for its own account, its standard fees and charges customarily charged to customers similar to the Borrower with respect to any of its Letters of Credit.
Letter of Credit Fronting Fees. The Company shall pay to each Issuing Bank a fronting fee with respect to each Letter of Credit issued by such Issuing Bank, which shall accrue at the rate or rates per annum separately agreed upon between the Company and the applicable Issuing Bank on the daily amount of the Letter of Credit Liabilities (excluding any portion thereof attributable to unreimbursed Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date of termination of the Revolving Loan Line Portions and the date on which there ceases to be any Letter of Credit Liabilities with respect to such Issuing Bank, such fronting fees accrued through and including each Monthly Date to be due and payable no later than the date which is ten (10) Business Days after delivery by the Agent to the Company of a monthly invoice therefor; provided that all such fees (under clauses (i) and (ii) above) shall also be payable (to the extent accrued and not yet paid) on the date on which the Revolving Loan Line Portions terminate and any such fees accruing after the date on which the Revolving Loan Line Portions terminate shall be payable upon the expiration of the applicable Letter of Credit or, if earlier, the date on which the Revolving Loan Line Portions terminate. In addition, the Company shall pay to the Agent for account of the applicable Issuing Bank, such Issuing Bank’s standard fees with respect to the amendment or negotiation of any Letter of Credit or processing of drawings thereunder. Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 Business Days after demand.”
Letter of Credit Fronting Fees. The Borrower agrees to pay to Administrative Agent, for the account of each Issuing Bank, in Dollars, a fee (the “Fronting Fees”) with respect to the Letters of Credit Issued by such Issuing Bank for the period from and including the date of Issuance of each thereof to the expiration date thereof, at a rate per annum equal to 0.10% on the Dollar Equivalent of the daily maximum amount available under any contingency to be drawn under such Letters of Credit. The Fronting Fees shall be calculated on the basis of a 360 day year for the actual number of days elapsed and payable (i) with respect to Standby Letters of Credit, quarterly in arrears on the next Business Day following the last day of each March, June, September and December of each year, or (ii) with respect to Trade Letters of Credit, upon issuance. In addition to the Fronting Fees, the Borrower agrees to pay to each Issuing Bank, for its own account, its standard fees and charges customarily charged to customers similar to the Borrower with respect to any of its Letters of Credit.
Letter of Credit Fronting Fees. In addition to the Letter of Credit facility fees, Borrower shall pay to NBD, for NBD's own account a Letter of Credit fronting fee in the amount set forth in the Fee Letter, as well as NBD's reasonable and customary costs of issuing, servicing and negotiating draws under letters of credit.
Letter of Credit Fronting Fees. On the date of issuance of any Letter of Credit pursuant to Section 3 hereof, the Borrowers shall pay to the issuer of the Letter of Credit for its own account a fronting fee equal to .125% of the face amount of such letter of Credit; provided that, in the event that any Letter of Credit provides for automatic extensions, an additional fronting fee equal to .125% of the face amount of such Letter of Credit shall also be payable under this subsection on each anniversary of the issuance of such Letter of Credit.
Letter of Credit Fronting Fees. The Borrower agrees to pay to ------------------------------ Administrative Agent, for the account of each Issuing Bank, a fee (the "Fronting -------- Fees") with respect to the Letters of Credit issued by such Issuing Bank for ---- the period from and including the date of issuance of each thereof to the expiration date thereof, at a rate per annum equal to 0.10% on the average daily maximum amount available under any contingency to be drawn under such Letters of Credit. The Fronting Fees shall be (i) calculated on the basis of a 360-day year for the actual number of days elapsed and (ii) payable quarterly in arrears on the last day of each March, June, September and December of each year and on the Revolving Credit Commitment Termination Date. In addition to the Fronting Fees, the Borrower agrees to pay to each Issuing Bank, for its own account, its standard fees and charges customarily charged to customers similar to the Borrower with respect to any of its Letters of Credit.
Letter of Credit Fronting Fees. The Borrower shall pay immediately upon demand to the Lender for the account of the Issuer as non-refundable fees, commissions, and charges: (i) a fronting fee which shall be imposed by the Issuer equal to 0.125% per annum times the average amount of the L/C Amount during the immediately preceding month, plus (ii) any and all other customary commissions, fees and charges then in effect imposed by, and any and all expenses incurred by, the Issuer, or by any adviser, confirming institution or entity or other nominated person, relating to Letters of Credit, at the time of issuance of any Letter of Credit and upon the occurrence of any other activity with respect to any Letter of Credit (including transfers, assignments of proceeds, amendments, drawings, renewals or cancellations).
Letter of Credit Fronting Fees. The Borrower shall pay BBVA Compass, solely for its account and in addition to other fees with respect to Letters of Credit addressed in Section 2.1(f), at the time of issuance, renewal or extension of each Letter of Credit, a fronting fee in the amount of one eighth of one percent (0.125%) multiplied by the face amount of the relevant Letter of Credit.
Letter of Credit Fronting Fees. (i) The U.S. Borrower agrees to pay directly to the applicable Issuing Bank, for its own account, with respect to any standby U.S. Letters of Credit and standby Canadian Letters of Credit a fronting fee in Dollars equal to 0.125% per annum (or such lesser amount as may be agreed to by the Borrower Representative and the applicable Issuing Bank), times the average aggregate daily maximum amount available to be drawn under all such U.S. Letters of Credit and Canadian Letters of Credit (determined as of the close of business on any date of determination).
(ii) The European Borrower agrees to pay directly to the applicable Issuing Bank, for its own account, with respect to any standby European Letters of Credit a fronting fee in Euros equal to 0.125% per annum (or such lesser amount as may be agreed to by the Borrower Representative and the applicable Issuing Bank), times the average aggregate daily maximum amount available to be drawn under all such European Letters of Credit (determined as of the close of business on any date of determination).
(iii) The applicable Borrower agrees to pay fees to be agreed with the applicable Issuing Bank in respect of all commercial Letters of Credit.
(iv) The applicable Borrower agrees to pay such documentary and processing charges for any issuance, amendment, transfer or payment of a Letter of Credit as are in accordance with the applicable Issuing Bank’s standard schedule for such charges and as in effect at the time of such issuance, amendment, transfer or payment, as the case may be.
