DOCUMENTARY LETTER OF CREDIT FEES Sample Clauses
The 'Documentary Letter of Credit Fees' clause defines the charges and costs associated with the issuance, amendment, and processing of documentary letters of credit in a commercial transaction. Typically, this clause specifies which party is responsible for paying the bank fees, commissions, and related expenses, and may outline the timing and method of payment. By clearly allocating financial responsibility for these banking services, the clause helps prevent disputes and ensures that all parties understand their obligations regarding the costs of facilitating secure international payments.
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DOCUMENTARY LETTER OF CREDIT FEES. (a) The Borrower will pay to the Lender a fee for each Documentary Letter of Credit in an amount equal to 2% per annum of the stated amount of each such Documentary Letter of Credit, such fee to be paid monthly in advance on the first day of each month.
(b) In addition to the fees payable pursuant to Subsection (a), above, the Borrower shall pay to the Lender standard processing, fronting, amendment, and administrative fees on account of each Documentary Letter of Credit at the Lender's customary rates therefor.
(c) All fees provided for in this Section shall be calculated in accordance with the provisions of Section hereof, shall be deemed fully earned on the date due for payment thereof and shall not be refunded in whole or in part to the Borrower in any event.
DOCUMENTARY LETTER OF CREDIT FEES. The Borrower agrees to pay the Lender fees with respect to each documentary Letter of Credit in accordance with the negotiated fee schedule with respect to documentary Letters of Credit.
DOCUMENTARY LETTER OF CREDIT FEES. Documentary Letters of Credit Fees on Documentary Letter of Credit shall be determined by multiplying the then Applicable Documentary LC Percentage times the average daily Documentary Letter of Credit Outstandings. The Company shall also pay Documentary Letters of Credit Fees in respect of Documentary Letter of Credit (Time Draft) Outstandings determined by multiplying two (2) times the 10 12 FORM 10Q EXHIBIT 10 Applicable Documentary LC Percentage times the average daily Documentary Letter of Credit (Time Draft) Outstandings. The Borrower shall also pay to the applicable Issuing Letter of Credit Bank for its sole account (i) a fronting fee as determined by such Issuing Letter of Credit Bank and the Borrower and (ii) such Issuing Letter of Credit Bank's then in effect customary issuance fees and administrative expense payable with respect to its Documentary Letters of Credit as such Issuing Letter of Credit Bank may generally charge or incur from time to time in connection with the issuance, maintenance, modification (if any), assignment or transfer (if any), negotiation, and administration of commercial letters of credit, payable at such times as such Issuing Letter of Credit Bank may specify."
DOCUMENTARY LETTER OF CREDIT FEES. Documentary Letters of Credit Fees on Documentary Letters of Credit shall be determined by multiplying .5 times the Applicable Margin then applicable to Revolving Credit Loans outstanding under the Revolving Credit Euro-Rate Option times the average daily Documentary Letter of Credit Outstandings. The Borrower shall also pay Documentary Letters of Credit Fees in respect of Documentary Letter of Credit (Time Draft) Outstandings determined by multiplying the Applicable Margin then applicable to Revolving Credit Loans outstanding under the Revolving Credit Euro-Rate Option times the average daily Documentary Letter of Credit (Time Draft) Outstandings.
DOCUMENTARY LETTER OF CREDIT FEES. A documentary Letter of Credit Fee at a rate of 0.125% times the amount of such documentary Letter of Credit will be due and payable (i) on the date of issuance of each documentary Letter of Credit, (ii) on each thirty day anniversary of such documentary Letter of Credit on which such documentary Letter of Credit is outstanding, and (iii) upon cancellation or negotiations of such documentary Letter of Credit. All fees upon the occurrence of any other activity with respect to any documentary Letter of Credit (including, without limitation, transfer, amendment, or extension of any documentary Letter of Credit) will be determined in accordance with Lender’s standard fees and charges then in effect.
DOCUMENTARY LETTER OF CREDIT FEES. The Borrower agrees to pay the Lender fees with respect to each documentary Letter of Credit in accordance with the Lender's usual and customary fees with respect to documentary Letters of Credit.
DOCUMENTARY LETTER OF CREDIT FEES. Documentary Letters of Credit Fees on Documentary Letters of Credit shall be determined by that percentage per annum set forth in the following table which is applicable to the Fixed Charge Coverage Ratio then in effect (the "Applicable Documentary LC Percentage") (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) times the average daily Documentary Letter of Credit Outstandings. The Applicable Documentary LC Percentage shall be determined as follows: FIXED CHARGE COVERAGE RATIO APPLICABLE DOCUMENTARY LC PERCENTAGE (RATE PER --------------------------- ---------------------------------------------- ANNUM) ------ greater than or equal to 2.20 to 1.00 0.250% greater than or equal to 2.05 to 1.00 but less than 0.3125% 2.20 to 1.00 greater than or equal to 1.90 to 1.00 but less than 0.375% 2.05 to 1.00 greater than or equal to 1.75 to 1.00 but less than 0.500% 1.90 to 1.00 less than 1.75 to 1.00 0.625% The Company shall also pay Documentary Letters of Credit Fees in respect of Documentary Letter of Credit (Time Draft) Outstandings determined by that percentage per annum set forth in the following table which is applicable to the Fixed Charge Coverage Ratio then in effect (the "Applicable Documentary Accepted Time Draft LC Percentage") (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) times the average daily Documentary Letter of Credit (Time Draft) Outstandings. The Applicable Documentary Accepted Time Draft LC Percentage shall be determined as follows: FIXED CHARGE COVERAGE RATIO APPLICABLE DOCUMENTARY ACCEPTED TIME DRAFT LC --------------------------- --------------------------------------------- PERCENTAGE (RATE PER ANNUM) --------------------------- greater than or equal to 2.20 to 1.00 0.500% greater than or equal to 2.05 to 1.00 but less than 2.20 0.625% to 1.00 greater than or equal to 1.90 to 1.00 but less than 2.05 0.750% to 1.00 greater than or equal to 1.75 to 1.00 but less than 1.90 1.000% to 1.00 less than 1.75 to 1.00 1.250% Until the Borrower shall have delivered to the Administrative Agent a Compliance Certificate covering the four fiscal periods ending on the Saturday nearest April 30, 1997, the Fixed Charge Coverage Ratio shall be deemed to be 1.75 to 1.00. For each fiscal quarter subsequent to May 3, 1997, the Fixed Charge Coverage Ratio shall be computed based on the Compliance Certificate for such quarter. Any change in the Fixed Charge Coverage ...