Common use of Fees, Commissions and Other Charges Clause in Contracts

Fees, Commissions and Other Charges. (i) The Borrower shall pay to the Administrative Agent, for the account of the L/C Participants in accordance with their respective Revolving Percentages, a Letter of Credit participation fee with respect to their participations in each Letter of Credit, which shall accrue at the rate per annum equal to the Applicable Rate for Eurodollar Rate Loans then in effect, calculated on the basis of a 365- (or 366-, as the case may be) day year, on the aggregate amount available to be drawn under such Letter of Credit for each day during the period from the last L/C Fee Payment Date (or, if later, the date of issuance of such Letter of Credit) to the date on which such payment is due hereunder. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit issued by such Issuing Bank, which shall accrue at the rate per annum equal to 0.20%, calculated on the basis of a 365- (or 366-, as the case may be) day year, on the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to the date upon which such payment is due hereunder. Such Letter of Credit participation fees and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

Appears in 10 contracts

Samples: Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Resources Corp)

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Fees, Commissions and Other Charges. (i) The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank and the L/C Participants in accordance with their respective Revolving PercentagesParticipants, a Letter letter of Credit participation credit commission fee with respect to their participations in each Letter of Credit, computed for the period from the last L/C Fee Payment Date (or, if later, the date of issuance thereof) to the date upon which shall accrue such payment is due hereunder at the rate per annum equal to the Applicable Rate Margin for Eurodollar LIBOR Rate Loans then in effect, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit for each day during the period from the last L/C Fee Payment Date (or, if later, the date of issuance of such Letter of Credit) to on the date on which such payment fee is due hereundercalculated. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit issued by Credit, computed for the period from the last L/C Fee Payment Date to the date upon which such Issuing Bank, which shall accrue payment is due hereunder at the rate per annum equal to 0.200.125%, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to on the date upon on which such payment fee is due hereundercalculated. Such Letter of Credit participation fees commissions and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

Appears in 9 contracts

Samples: Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Houston Electric LLC)

Fees, Commissions and Other Charges. (i) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Bank and the L/C Participants in accordance with their respective Revolving PercentagesParticipants, a Letter letter of Credit participation fee credit commission with respect to their participations in each Letter of Credit, computed for the period from the last L/C Fee Payment Date (or, if later, the date of issuance thereof) to the date upon which shall accrue such payment is due hereunder at the rate per annum equal to the Applicable Rate Margin for Eurodollar LIBOR Rate Loans then in effect, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit for each day during the period from the last L/C Fee Payment Date (or, if later, the date of issuance of such Letter of Credit) to on the date on which such payment fee is due hereundercalculated. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit issued by Credit, computed for the period from the last L/C Fee Payment Date to the date upon which such Issuing Bank, which shall accrue payment is due hereunder at the rate per annum equal to 0.201/8 of 1%, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to on the date upon on which such payment fee is due hereundercalculated. Such Letter of Credit participation fees commissions and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

Appears in 2 contracts

Samples: Credit Agreement (Houston Industries Inc), Credit Agreement (Reliant Energy Inc)

Fees, Commissions and Other Charges. (i) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Bank and the L/C Participants in accordance with their respective Revolving PercentagesParticipants, a Letter letter of Credit participation credit commission fee with respect to their participations in each Letter of Credit, computed for the period from the last L/C Fee Payment Date (or, if later, the date of issuance thereof) to the date upon which shall accrue such payment is due hereunder at the rate per annum equal to the Applicable Margin for LIBOR Rate for Eurodollar Rate Loans that are Revolving Loans then in effect, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit for each day during the period from the last L/C Fee Payment Date (or, if later, the date of issuance of such Letter of Credit) to on the date on which such payment fee is due hereundercalculated. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit issued by Credit, computed for the period from the last L/C Fee Payment Date to the date upon which such Issuing Bank, which shall accrue payment is due hereunder at the rate per annum equal to 0.201/8 of 1%, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to on the date upon on which such payment fee is due hereundercalculated. Such Letter of Credit participation fees commissions and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Inc)

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Fees, Commissions and Other Charges. (i) The Borrower shall pay to the ----------------------------------- Administrative Agent, for the account of the Issuing Lender and the L/C Participants in accordance with their respective Revolving PercentagesParticipants, a Letter letter of Credit participation fee credit commission with respect to their participations in each Letter of Credit, which shall accrue for the period from and including the date of issuance of such Letter of Credit to the expiration date of such Letter of Credit, computed at the rate per annum equal to the Applicable Rate for Eurodollar Rate Loans then in effectL/C Commission Rate, calculated on the basis of a 365- (or 366-, as the case may be) day year, on the aggregate amount available to be drawn under such Letter of Credit for Credit, payable quarterly in arrears on each day during the period from the last L/C Fee Payment Date (or, if later, to occur during such period and on the expiration date of issuance of such Letter of Credit) . Such commissions shall be payable to the date on which such payment is due hereunderLenders to be shared ratably among them in accordance with their respective Commitment Percentages. The In addition, the Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit, for the period from and including the date of issuance of such Letter of Credit issued by to the expiration date of such Issuing BankLetter of Credit, which shall accrue computed at the a rate of 1/8 of 1% per annum equal to 0.20%annum, calculated on the basis of a 365- (or 366-, as the case may be) day year, on the product of (i) the aggregate of the Commitment Percentages of the L/C Participants multiplied by (ii) the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to the date upon which such payment is due hereunder. Such Letter of Credit participation fees and fronting fees shall be Credit, payable quarterly in arrears on each L/C Fee Payment Date to occur during such period and on the expiration date of such Letter of Credit. Such fees and commissions shall be nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (CDW Holding Corp)

Fees, Commissions and Other Charges. (i) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Bank and the L/C Participants in accordance with their respective Revolving PercentagesParticipants, a Letter letter of Credit participation credit commission fee with respect to their participations in each Letter of Credit, computed for the period from the last L/C Fee Payment Date (or, if later, the date of issuance thereof) to the date upon which shall accrue such payment is due hereunder at the rate per annum equal to the Applicable Margin for LIBOR Rate for Eurodollar Rate Loans that are Revolving Loans then in effect, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit for each day during the period from the last L/C Fee Payment Date (or, if later, the date of issuance of such Letter of Credit) to on the date on which such payment fee is due hereundercalculated. The Borrower shall pay to the Administrative Agent, for the account of the relevant Issuing Bank, a fronting fee with respect to each Letter of Credit issued by Credit, computed for the period from the last L/C Fee Payment Date to the date upon which such Issuing Bank, which shall accrue payment is due hereunder at the rate per annum equal to 0.200.125%, calculated on the basis of a 365- (or 366-, as the case may be) day year, on of the aggregate amount available to be drawn under such Letter of Credit issued by such Issuing Bank for each day during the period from the last L/C Fee Payment Date to on the date upon on which such payment fee is due hereundercalculated. Such Letter of Credit participation fees commissions and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Inc)

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