Examples of Fronting Fee Letter in a sentence
The Letter of Credit Fronting Fee, Letter of Credit Fee and the Issuing Lender Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
At any time that an Event of Default exists, the Fronting Fee shall be increased by adding the Default Rate to the amount thereof determined as provided in the Fronting Fee Letter.
Each Agent, the Lead Arranger and the Bookrunner and the Lenders shall have received the fees (including reasonable fees, disbursements and other charges of counsel to each Agent, the Lead Arranger and the Bookrunner) to be received on the Amended and Restated Effective Date referred to herein and in the Fee Letter and the Fronting Fee Letter.
The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit as specified in the Fronting Fee Letter.
All payments due to any Lender under the Loan Documents shall, in the case of payments on account of principal of or interest on the Loans or commitment fees or any other amounts, be made to the Administrative Agent at the Administrative Agent’s Office, except that in the case of the Letter of Credit Fronting Fee, Letter of Credit Administration Fee and Unpaid Reimbursement Obligations, such payments shall be made to the applicable Issuing Bank at such Issuing Bank’s Office.