Common use of Draw Fee Clause in Contracts

Draw Fee. The Borrower will pay a fee equal to one and one-half (1.50%) percent of the amount requested for each Letter of Credit, calculated from the time issued until the current expiration date of the Letter. Except as hereby amended, the Agreement shall remain in full force and effect.

Draw Fee. The Borrower will pay a fee equal to one and one-half (1.50%) percent % per annum of the amount requested for each Letter of Credit, calculated from the time issued until the current expiration date of the LetterLoan. Except as hereby amended, the Agreement shall remain in full force and effect.