Common use of Letter of Credit Issuance Fee Clause in Contracts

Letter of Credit Issuance Fee. The Borrower agrees to pay to the Issuer an issuance fee for each Letter of Credit issued by the Issuer equal to the greater of (x) 0.25% of the Stated Amount of such Letter of Credit or (y) $500. Such fee shall be payable by the Borrower on the date of issuance of such Letter of Credit.

Letter of Credit Issuance Fee. The Borrower agrees to pay to the Issuer an issuance fee for each Letter of Credit issued by the Issuer equal for the period from and including the date of issuance of such Letter of Credit to (but not including) the date upon which such Letter of Credit expires, the greater of (x) 0.25% of the Stated Amount of such Letter of Credit or (y) $500300. Such fee shall be payable by the Borrower in arrears on each Quarterly Payment Date and on the date of issuance of such Letter of Credit.

Letter of Credit Issuance Fee. The Borrower agrees to pay to the Issuer an issuance fee for each Letter of Credit issued by the Issuer equal for the period from and including the date of issuance of such Letter of Credit to (but not including) the date upon which such Letter of Credit expires, the greater of (x) 0.25% of the Stated Amount of such Letter of Credit or (y) $500300. Such fee shall be payable by the Borrower on the date of issuance of such Letter of Credit.