Letter of Credit Guaranty Fee. In consideration of the issuance of any Letter of Credit Guaranty by the Agent or other assistance of the Agent and the Lenders in obtaining Letters of Credit pursuant to Article 4 hereof, the Company agrees to pay to the Agent, for the ratable benefit of the Lenders, a Letter of Credit Guaranty Fee equal to two and one-half percent (2.50%) per annum on the face amount of each Letter of Credit. All Letter of Credit Guaranty Fees shall be due and payable upon issuance thereof and thereafter monthly on the first day of each month.
Letter of Credit Guaranty Fee. The Borrower shall pay CITBC the Letter of Credit Guaranty Fee which shall be an amount equal to two percent (2%) per annum, payable monthly in arrears, on the maximum amount drawable from time to time under Letters of Credit.
Letter of Credit Guaranty Fee. In consideration of the issuance of any Letter of Credit Guaranty by the Agent or other assistance of the Agent and the Lenders in obtaining Letters of Credit pursuant to Section 5 hereof, the Companies agree to pay: (a) to the Agent, for the ratable benefit of the Lenders, a Letter of Credit Guaranty Fee equal to the Applicable Margin per annum for Revolving Loans that are LIBOR Rate Loans on the face amount of each Letter of Credit, and (b) to the Agent, for its own account and without sharing with any of the other Lenders, a fronting fee equal to 0.125% per annum times the face amount of each Letter of Credit. All Letter of Credit Guaranty Fees set forth in the foregoing clause (a) shall be due and payable monthly on the last day of each month, and all fronting fees set forth in the foregoing clause (b) shall be due and payable upon the issuance of each Letter of Credit.
Letter of Credit Guaranty Fee. In consideration of the Letter of Credit Guaranty of the Agent, the Companies shall pay the Agent the Letter of Credit Guaranty Fee which shall be an amount equal to (a) one and three quarter percent (1.75%) on the face amount of each documentary Letter of Credit payable upon issuance thereof and (b) one and three quarter percent (1.75%) per annum, payable monthly, on the face amount of each standby Letter of Credit less the amount of any and all amounts previously drawn under such standby Letter of Credit.
Letter of Credit Guaranty Fee. In consideration of the issuance of any Letter of Credit Guaranty by CIT or other assistance of CIT in obtaining Letters of Credit pursuant to Section 5 hereof, the Company agrees to pay to CIT a Letter of Credit Guaranty Fee equal to Applicable Margin per annum on the face amount of each Letter of Credit. All Letter of Credit Guaranty Fees shall be due and payable monthly on the first day of each month.
Letter of Credit Guaranty Fee. (a) Standby Letters of Credit: (i) 1.50% of the face amount upon issuance (but in no event less than $250.00), and (ii) on the first day of each month, a per annum amount equal to the Interest Rate charged on Revolving Credit Loans, on the daily average undrawn amount of all Standby Letters of Credit during the immediately preceding month (but in no event less than $250.00).
Letter of Credit Guaranty Fee. The Borrower shall pay Lenders Agent the Letter of Credit Guaranty Fee, which shall be an amount equal to three percent (3%) per annum (calculated on the basis of a 360-day year for the actual number of days elapsed), payable monthly in arrears on each Monthly Date, on the maximum amount drawable from time to time under Letters of Credit plus any bank charges which CITBC may incur in connection with the Letter of Credit Guaranties.
Letter of Credit Guaranty Fee. In consideration of the ----------------------------- Letter of Credit Guaranty of the Agent, the Company shall pay the Agent the Letter of Credit Guaranty Fees which shall be an amount equal to one and one- half percent (1.5%) per annum, payable monthly, on the face amount of each standby or documentary Letter of Credit less the amount of any and all amounts previously drawn under such standby or documentary Letter of Credit.
Letter of Credit Guaranty Fee. (a) Documentary Letters of On the first day of each month, 0.167% Credit: on the daily average outstanding balance during the immediately preceding month (but in no event less than $100.00)
Letter of Credit Guaranty Fee. (a) In consideration of the issuance of any Letter of Credit Guaranty by the Agent or other assistance of the Agent in obtaining Letters of Credit pursuant to SECTION 5 of this Financing Agreement, the Borrower shall pay to the Agent, for the benefit of the Lenders, a Letter of Credit Guaranty Fee equal to two and one-half of one percent (2.50%) per annum on the face amount of each Letter of Credit. For each documentary Letter of Credit, the entire Letter of Credit Guaranty Fee shall be payable in advance, and for each standby Letter of Credit, the Letter of Credit Guaranty fee shall be payable monthly on the first day of each month in arrears.
