Trade Letter of Credit Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender (subject to Section 2.17(a)) a fee (the “Trade Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each such Trade Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the L/C Fee in effect from time to time. The Trade Letter of Credit Fee will be computed on a quarterly basis in arrears and shall be due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date after the issuance of such Letter of Credit, and on the Letter of Credit Expiration Date and thereafter on demand.
Trade Letter of Credit Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit equal to three-eighths percent (3/8%). The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.
Trade Letter of Credit Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Administrative Agent for the account of each Revolving Lender a fee (the "Trade Letter of Credit Fee") on such Revolving Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit equal to .125%. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.
Trade Letter of Credit Fee. In consideration of the issuance of -------------------------- trade Letters of Credit hereunder, the Borrower agrees to pay to the Issuing Lender a fee (the "Trade Letter of Credit Fee") equal to one-quarter of one percent (1/4%) of the amount of each drawing under any such Letter of Credit or such lesser amount as may be agreed upon by the Issuing Lender and the Borrower. Of such Trade Letter of Credit Fee, the Issuing Lender shall pay over to the Administrative Agent for the ratable benefit of the Lenders (including the Issuing Lender) one-eighth of one percent (1/8%) thereof and the Issuing Lender may retain for its own account without sharing by the other Lenders the amount in excess thereof, if any. The Trade Letter of Credit Fee will be collected by the Issuing Lender on the date of each drawing, the Lenders' portion of which will be paid over to the Administrative Agent quarterly on the 15th day of each January, April, July and October for distribution to the Lenders (including the Issuing Lender).
Trade Letter of Credit Fee. In consideration of the issuance of commercial Letters of Credit hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of the applicable Lenders (based on each Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount), a fee (the "TRADE LETTER OF CREDIT FEE") equal to the Applicable Percentage for the Trade Letter of Credit Fee on the average daily maximum amount available to be drawn under each such commercial Letter of Credit from the date of issuance to the date of expiration. The Trade Letter of Credit Fee will be payable quarterly in arrears 15 days after the end of each calendar quarter and on the Maturity Date.
Trade Letter of Credit Fee. (A) The Parent Borrower shall in the case of a Canadian Letter of Credit pay to the Canadian Administrative Agent for the account of each Canadian Revolving Lender and (B) the U.S. Borrower shall in the case of a U.S. Letter of Credit cause the U.S. Borrower to pay to the Canadian Administrative Agent for the account of each U.S. Revolving Lender, a fee (the "TRADE LETTER OF CREDIT FEE") on such Lender's respective Revolving Commitment Percentage of the daily maximum amount available to be drawn under each such Trade Letter of Credit computed at a per annum rate for each day from the date of issuance through the date of expiration equal to the Applicable Margin for Trade Letter of Credit Fees in effect from time to time. The Trade Letter of Credit Fee will be payable quarterly in arrears on the second Business Day of each fiscal quarter of the Parent Borrower for the immediately preceding quarter (or portion thereof), beginning with the first of such dates to occur after the date of issuance of such Letter of Credit, and on the Revolving Termination Date for the applicable Revolving Commitment.
Trade Letter of Credit Fee. In consideration of the issuance of Trade Letters of Credit hereunder, the Borrower or other Credit Party agrees to pay to the Issuing Bank a fee (the "Trade Letter of Credit Fee") equal to one-fourth of one percent (1/4%) of the amount of each drawing under any such Letter of Credit or such lesser amount as may be agreed upon by the Issuing Bank and the Borrower or other Credit Party. Of such Trade Letter of Credit Fee, the Issuing Bank shall pay over to the Administrative Agent for the ratable benefit of the Banks (including the Issuing Bank) one-eighth of one percent (1/8%) thereof and the Issuing Bank may retain for its own account without sharing by the other Banks the amount in excess thereof, if any. The Trade Letter of Credit Fee will be collected by the Issuing Bank on the date of each drawing, the Banks' portion of which will be paid over to the Administrative Agent quarterly on the last day of each calendar quarter for distribution to the Banks (including the Issuing Bank). Payment to the Administrative Agent of the Banks' portion of the Trade Letter of Credit Fee will be accompanied by a report providing the appropriate information necessary for computation of such Fee.
Trade Letter of Credit Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower agrees to pay to the Issuing Lender for the pro rata benefit of each Lender (based on each Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount) a per annum fee (the "Trade Letter of Credit Fees") equal to 0.375% on the average daily maximum amount available to be drawn under each such Letter of Credit from the date of issuance to the date of expiration. The Trade Letter of Credit Fees will be payable in arrears on the last day of each fiscal quarter of the Borrower (as well as on the Maturity Date) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date.
Trade Letter of Credit Fee. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Lender and the L/C Participants a letter of credit commission, with respect to each outstanding Trade Letter of Credit (other than a Trade Sublimit Letter of Credit), in an amount equal to a per annum fee of 1.375% times the amount of such Letter of Credit from time-to-time available to be drawn; provided that, such letter of credit commission shall not be in an amount less than $750, and, in each case, shall be payable to the L/C Participants and the Issuing Lender of such Letter of Credit to be shared ratably among them in accordance with their respective Commitment Percentages. Such commissions shall be payable in arrears on each L/C Fee Payment Date.
Trade Letter of Credit Fee. In consideration of the Trade LOC -------------------------- Commitment hereunder, the Borrower agrees to pay to the Administrative Agent for the ratable benefit of the Lenders a fee (the "Trade Letter of --------------- Credit Fee") equal to the ---------- Applicable Percentage per annum on the average daily maximum amount available to be drawn under Trade Letters of Credit from the date of issuance to the date of expiration. The Trade Letter of Credit Fee shall be payable quarterly in arrears on the 15th day following the last day of each calendar quarter for the immediately preceding quarter (or portion thereof) beginning with the first such date to occur after the Closing Date.
