Common use of Letter of Credit Fronting Fees Clause in Contracts

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 Borrower agrees to pay to Administrative Agent, for the account of each the 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 0.100.250% 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 360 360-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 PeriodTermination Date. In addition to the Fronting Fees, the Borrower agrees to pay to each the 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 the Letters 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 Issued by such Issuing Bank for the period from and including the date of issuance 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 next Business Day following the last day of each March, June, September and December of each year and on the last day of the Revolving Credit Commitment Periodyear. 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 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 0.100.250% 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 360 360-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 PeriodTermination 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 the Letters of CreditCredit issued by such Issuing Bank.