Common use of Facing Fee Clause in Contracts

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrower shall pay to the Agent, for the sole account of the Issuing Bank, on the date of issuance of such Letter of Credit, a fee (the "Letter of Credit Facing Fee") in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrower Borrowers shall pay to the Agent, for the sole account of the Issuing Bank, on payable quarterly in arrears, commencing with the date quarter in which the Letter of issuance Credit is issued and at the end of each quarter ending thereafter while such Letter of CreditCredit is outstanding, a fee (the "“Letter of Credit Facing Fee"”) in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.

Facing Fee. For each Letter of Credit which the Issuing Bank issues pursuant to this Agreement, the Borrower shall pay to the Agent, for the sole account of the Issuing Bank, on payable quarterly in arrears, commencing with the date quarter in which the Letter of issuance Credit is issued and at the end of each quarter ending thereafter while such Letter of CreditCredit is outstanding, a fee (the "“Letter of Credit Facing Fee"”) in an amount equal to 0.125% per annum of the stated amount of such Letter of Credit.