Risk Participation Fee. The Borrowers shall pay to the Letter of Credit Issuer, and the Letter of Credit Issuer shall share with the Lenders, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the “Risk Participation Fee”) in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), times the Stated Amount of each Letter of Credit from time to time outstanding; provided that upon and during the continuance of an Event of Default, but without waiving such Event of Default or limiting any right or remedy of the Lenders or the Agent in respect thereof, the Risk Participation Fee shall accrue at the Increased Rate. The Borrowers shall pay the Risk Participation Fee to the Letter of Credit Issuer quarterly in arrears on each Quarterly Payment Date, commencing September 30, 2017, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated. Upon receipt of any Risk Participation Fee, the Letter of Credit Issuer shall pay such Risk Participation Fees to the Agent for the account of the Lenders.
Risk Participation Fee. From the Closing Date, Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans (based upon their respective Pro Rata Shares), a fee for each Lender Letter of Credit and each Risk Participation Agreement from the date of issuance to the date of termination equal to the average daily aggregate amount of outstanding Risk Participation Liability multiplied by the LIBOR Margin (calculated on a per annum basis) then applicable to the Revolving Loans. Such fee is to be paid in arrears on each Adjustment Date. Borrower shall also reimburse Agent for any and all fees and expenses paid by Agent to the issuer of any letter of credit that is supported by a Risk Participation Agreement.
Risk Participation Fee. From the Closing Date, Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans (based upon their respective Pro Rata Shares), a per annum fee (i) for all periods until (but excluding) the Second Amendment and Restatement Date, for each (x) Lender Letter of Credit and each Risk Participation Agreement (in each case, other than any which constitutes a Collateralized DOE Letter of Credit) from the date of issuance to the date of termination equal to the average daily outstanding amount of the Risk Participation Liability arising therefrom multiplied by 2.00% per annum and (y) each Collateralized DOE Letter of Credit from the date of issuance (or the date a DOE Letter of Credit became a Collateralized DOE Letter of Credit, whichever is later) to the date of termination (or until the Second Amendment and Restatement Date, if earlier) equal to the average outstanding amount of Risk Participation Liability arising therefrom multiplied by 20 basis points (0.2%) or (ii) for all periods from and after the Second Amendment and Restatement Date, for each Lender Letter of Credit and each Risk Participation Agreement, the LIBOR Margin applicable to Term Loan A and Revolving Loan in effect on such day. Such fee is to be paid quarterly in arrears on the first day of each fiscal quarter and on the Expiry Date. Borrower shall also reimburse Agent for any and all fees and expenses paid by any Lender to the issuer of any letter of credit that is in any way related to a Risk Participation Agreement.
Risk Participation Fee. The Borrowers shall pay to the Letter of Credit Issuer, and the Letter of Credit Issuer shall share with the Lenders, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the "Risk Participation Fee") in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), TIMES the Stated Amount of each Letter of Credit as of the date on which payment of the Risk Participation Fee is due and payable. The Borrowers shall pay the Risk Participation Fee to the Letter of Credit Issuer in advance on the date of issuance and, for Letters of Credit having a term longer than one (1) year, on each anniversary of such date of issuance thereafter during the term of such Letter of Credit, computed at the Applicable LIBOR Percentage in effect on the date of issuance and, as applicable, each such subsequent anniversary payment date. Upon receipt of any Risk Participation Fee, the Letter of Credit Issuer shall pay such Risk Participation Fees to the Agent for the account of the Lenders.
Risk Participation Fee. The Borrowers shall pay to the Letter of Credit Issuer, and the Letter of Credit Issuer shall share with the Lenders, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the “Risk Participation Fee”) in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), times the Stated Amount of each Letter of Credit from time to time outstanding. The Borrowers shall pay the Risk Participation Fee to the Letter of Credit Issuer quarterly in arrears on each Quarterly Payment Date, commencing December 31, 2009 (on which date shall also be paid any “Risk Participation Fee” accrued and unpaid under the Existing Credit Agreement), for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated. Upon receipt of any Risk Participation Fee, the Letter of Credit Issuer shall pay such Risk Participation Fees to the Agent for the account of the Lenders.
Risk Participation Fee. From the Closing Date, Borrowers shall ---------------------- pay Agent, for the benefit of all Lenders committed to make Revolving Loans (based upon their respective Pro Rata Shares), a fee for each Lender Letter of Credit and each Risk Participation Agreement from the date of issuance to the date of termination equal to the average daily aggregate amount of outstanding Risk Participation Liability multiplied by a percent per annum equal to the ---------- -- LIBOR Margin in effect on the date such fee is due and payable. Such fee is to be paid monthly in arrears on the first day of each month. Borrowers shall also reimburse Agent for any and all fees and expenses paid by Agent to the issuer of any letter of credit that is supported by a Risk Participation Agreement.
Risk Participation Fee. The Borrower shall pay to the Letter of Credit Bank, and the Letter of Credit Bank shall share with the Banks, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the "Risk Participation Fee") in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), TIMES the daily average amount of all Letters of Credit outstanding during each Accrual Period. The Borrower shall pay the Risk Participation Fees to the Letter of Credit Bank, and upon receipt the Letter of Credit Bank shall pay such Risk Participation Fees to the Agent for the account of the Banks, on the last day of each Accrual Period, commencing with the Accrual Period ending October 31, 1999.
Risk Participation Fee. The Letter of Credit Bank shall share with the Banks, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the "Risk Participation Fee") in an amount equal to the per annum rate equal to the Applicable Loan Percentage in effect pursuant to Section 3.5(b), TIMES the daily average amount of all Letters of Credit outstanding during each calendar quarter. The Letter of Credit Bank shall pay such Risk Participation Fees to the Agent for the account of the Banks on the last day of each calendar quarter, commencing with the calendar quarter in which the Commitment Period commences.
Risk Participation Fee. 4.1 On a monthly basis, beginning at the conclusion of the first full calendar month after the date hereof, Wachovia shall deliver to UBOC a statement (an "Invoice") of the fees (the "Risk Participation Fees") payable by UBOC hereunder in arrears with respect to the preceding month (and, in the case of the first Invoice delivered hereunder, for the period from and after the date hereof until the end of the calendar month in which the Principal Closing occurred).
4.2 The Risk Participation Fee shall be calculated as follows:
(a) The Risk Participation Fee for the Initial Risk Participation Assets and Subsequent Risk Participation Assets described in Section 2.2(a)(ii) (relating to Customers with respect to which the Conversion is completed) shall be 0.45% p.a. with respect to loans, 0.15% p.a. with respect to bankers' acceptances, 0.25% p.a. with respect to commercial letters of credit and 0.70% p.a. with respect to standby letters of credit.
(b) The Risk Participation Fee for the Subsequent Risk Participation Assets described in Section 2.2(a)(i) (relating to New Transactions) shall be equal to the Actual Risk Margin on the New Transactions. "Actual Risk Margin" means: (i) for loans and placements, the basis point spread above the London Interbank Offering Rate applicable to each such loan; (ii) for bankers' acceptances, the basis point spread above the bankers' acceptance rate applicable to each such bankers' acceptance; and (iii) for letters of credit and standby letters of credit, the actual fees charged for such letter of credit.
Risk Participation Fee. From the Original Closing Date, Borrower shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans (based upon their respective Pro Rata Shares), a fee for each Lender Letter of Credit and each Risk Participation Agreement from the date of issuance to the date of termination equal to the average daily outstanding amount of the Risk Participation Liability MULTIPLIED BY two and one-half of one percent (2.50%) per annum. Such fee is to be paid quarterly in arrears on the first day of each calendar quarter. Borrower shall also reimburse Agent for any and all fees and expenses paid to the issuer of any letter of credit that is in any way related to a Risk Participation Agreement.
