Examples of Facing Fee in a sentence
The Issuing Lender Fees and the Letter of Credit Facing Fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter.
Not only will they be eliminated by local redistricting, they are also a natural consequence of Clarke’s contiguity holding.
All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (except the Facing Fee which shall be paid directly to the Issuing Lenders) for distribution, in the case of the Unused Line Fee and the Letter of Credit Fee, to the Revolving Lenders entitled thereto.
Such Facing Fee shall be due and payable on such date as may be agreed upon by the Letter of Credit Issuer and the Borrower.
None of the Lenders, except for the Agent, shall share in the Facing Fee.