Common use of Credit Fee Clause in Contracts

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Lender for the ratable account of each Lender a fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) equal to a rate per annum equal to the product of the Applicable LIBOR Rate Margin in effect from time to time multiplied by the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Lender Agent for the ratable account of each Lender a fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) equal to a rate 1.25% per annum equal to the product of the Applicable LIBOR Rate Margin in effect from time to time multiplied by the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Credit Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Lender Agent for the ratable account of each Lender a fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Revolving Commitment Maturity Date) equal to a rate per annum the product of (A) an amount equal to the product remainder of (y) 100% of the Applicable applicable LIBOR Rate Margin for Revolving Credit Advances in effect from time to time minus (z) 0.250% multiplied by (B) the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.