Letters of Credit Fee Sample Clauses

Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Lender for its sole account, an application and processing fee in the amount of the higher of (i) $350.00 and (ii) the product of 1/8th of 1% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Lender for the account of the Administrative Lender and the Lenders in accordance with their Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of 1.00% multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Lender quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
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Letters of Credit Fee. In consideration for the issuance (and any renewal) of each Letter of Credit, Borrower shall pay to the Issuing Bank for the account of the Issuing Bank and the Lenders in accordance with their Specified Percentages, a fee in an amount equal to the greater of (a) $500 and (b) the amount equal to one percent multiplied by the face amount of each such Letter of Credit. Each fee for a Letter of Credit shall be due and payable in full on the date of issuance of each Letter of Credit, and each renewal of each Letter of Credit.
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Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Lender for its own account, an application and processing fee in the amount of $350.00 on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Lender for the account of the Administrative Lender and the Lenders in accordance with their Specified Percentages, a per annum fee for each Letter of Credit equal to (i) the product of 1/8 of 1 percent multiplied by the face amount of each such Letter of Credit, plus (ii) the product of the Applicable Margin for LIBOR Advances on the date of issuance multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Lender quarterly as it accrues on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit or the renewal and/or extension of each such Letter of Credit.
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Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Agent for its sole account, an application and processing fee in the amount of the higher of (i) $350.00 and (ii) the product of 1/8th of 1% multiplied by the face amount of such Letter of Credit on each Letter of Credit (or if the Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each Quarterly Date as the rate in effect during the calendar quarter ending on such Quarterly Date), due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Agent for the account of the Administrative Agent and the Lenders in accordance with their Revolver Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for LIBOR Advances multiplied by the face amount of each such Letter of Credit (or if such Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each Quarterly Date as the rate in effect during the calendar quarter ending on such Quarterly Date). Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
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Letters of Credit Fee. Letters of credit fees shall be payable in advance and will be equal to, on a per annum basis, one (1.00%) percent of the face amount of the letters of credit.
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Letters of Credit Fee. In consideration for the issuance of each Letter of Credit (including the Bond Letter of Credit), the Borrower shall pay to (a) the Administrative Agent for its account and for the account of the Issuing Bank, application and processing fees in the amount of the higher of (i) $350.00 and (ii) the product of .125% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit (other than the issuance of the Bond Letter of Credit by Bank Austria AG which has already been issued), and (b) the Administrative Agent for the account of the Lenders in accordance with their Specified Percentages or the Issuing Bank, as case may be, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR
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Letters of Credit Fee. In consideration for the issuance of each Letter of Credit (including the Bond Letter of Credit), the Borrower shall pay to (a) the Administrative Agent for its account and for the account of the Issuing Bank, application and processing fees in the amount of the higher of (i) $350.00 and (ii) the product of .125% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit (other than the issuance of the Bond Letter of Credit by Bank Austria AG which has already been issued), and (b) the Administrative Agent for the account of the Lenders in accordance with their Specified Percentages or the Issuing Bank, as case may be, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR Advance in effect on the date of calculation multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent or the Issuing Bank, as the case may be, quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
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Letters of Credit Fee. Borrower hereby agrees to pay to the Agent, to be distributed by the Agent to each Bank according to its Ratable Share, a letter of credit commission (a) for standby Letters of Credit issued on or after March 6, 2004 or any renewals of standby Letters of Credit issued prior to March 6, 2004, at a rate equal to the Applicable Margin in effect at the time of the issuance or renewal of any Letter of Credit, and (b) for trade Letters of Credit issued (i) prior to March 6, 2004 (and any subsequent renewals of such Letters of Credit) or (ii) on or after March 6, 2004, at the rate of one-quarter percent (1/4%) per annum of the face amount of each trade Letter of Credit for the period (including renewal periods) during which any such Letter of Credit is outstanding.
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Letters of Credit Fee. In consideration for the issuance of each Letter of Credit issued prior to May 18, 2000, the Foreign Borrower shall pay to the Administrative Agent for the account of the Administrative Agent and the Lenders in accordance with their Foreign Revolver Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for Base Rate Advances multiplied by the face amount of each such Letter of Credit (or if such Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each month as the rate in effect during the calendar month ending on such date). Each fee for each Letter of Credit under this subsection shall be due and payable to the Administrative Agent monthly as it accrues, on each the first Business Day of each subsequent calendar month during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit. Additionally, a fee of 2.00% per annum (the "Fee Accrual") shall accrue as a separate obligation on the undrawn portion of each issued and outstanding Letter of Credit. The Fee Accrual shall not bear any Interest under this Agreement and shall not be payable by the Borrowers to the extent that the Borrowers pay all Obligations in full (other than the Fee Accrual and the Interest Accrual) on or before the Maturity Date. The Fee Accrual becomes due and payable on the first day following the Maturity Date (if the Obligations other than the Fee Accrual and the Interest Accrual have not been paid in full) or upon the Administrative Agent electing any of the remedies provided for in Section 9.02(a) through (d) of this Agreement, and interest shall thereafter accrue at the Default Rate on the undrawn portion of all issued and outstanding Letters of Credit.
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Related to Letters of Credit Fee

  • Letter of Credit Fee Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Letter of Credit Fees, Etc (i) The Borrower shall pay to the Administrative Agent for the account of each Working Capital Lender a commission, payable in arrears quarterly on the first day of each July, October, January and April, commencing July 1, 1996, and on the earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit and on the Termination Date, on such Lender's Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at a rate per annum equal to the Applicable Margin for Eurodollar Rate Advances in effect from time to time.

  • Collateral for Undrawn Letters of Credit (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

  • Letters of Credit (a) The Letter of Credit Commitment.

  • Letter of Credit Obligations In the event any Letters of Credit are outstanding at the time that the Revolving Loan Commitment is terminated, Borrower shall deposit with Agent for the benefit of all Revolving Lenders cash in an amount equal to 105% of the aggregate outstanding Letter of Credit Obligations to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any Fees and expenses related thereto.

  • Letter of Credit Advances (i) The Borrower shall repay to the Administrative Agent for the account of each Issuing Bank and each other Lender that has made a Letter of Credit Advance on the same day on which such Advance was made the outstanding principal amount of each Letter of Credit Advance made by each of them.

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Effect of Letters of Credit on Revolving Commitments Upon the issuance by the Issuing Bank of any Letter of Credit and until such Letter of Credit shall have expired or been cancelled, the Revolving Commitment of each Revolving Lender shall be deemed to be utilized for all purposes of this Agreement in an amount equal to the product of (i) such Lender’s Revolving Commitment Percentage and (ii) (A) the Stated Amount of such Letter of Credit plus (B) any related Reimbursement Obligations then outstanding.

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