Common use of Fronting Fee and Documentary and Processing Charges Payable to LC Issuer Clause in Contracts

Fronting Fee and Documentary and Processing Charges Payable to LC Issuer. Each Borrower shall pay directly to the appropriate LC Issuer for its own account a fronting fee solely with respect to each Letter of Credit requested by such Borrower, at such rate as agreed to by Borrower and such LC Issuer, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears, and due and payable on the first Business Day after the end of each March, June, September and December. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.6. In addition, each Borrower shall pay directly to each LC Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such LC Issuer relating to letters of credit as from time to time in effect, effective schedules of which will be provided to US Borrower upon request. Such customary fees and standard costs and charges are due and payable quarterly in arrears on the first Business Day after the end of each March, June, September and December and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to LC Issuer. Each Borrower shall pay directly to the appropriate LC Issuer for its own account a fronting fee solely with respect to each Letter of Credit requested by such Borrower, at such rate as agreed to by Borrower and such LC Issuer, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears, and due and payable on the first Business Day after the end of each March, June, September and December. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.6. In addition, each Borrower shall pay directly to each LC Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such LC Issuer relating to letters of credit as from time to time in effect, effective schedules of which will be provided to US Borrower upon request. Such customary fees and standard costs and charges are due and payable quarterly in arrears on the first Business Day after the end of each March, June, September and December and are nonrefundable.

Fronting Fee and Documentary and Processing Charges Payable to LC Issuer. Each Borrower shall pay directly to the appropriate LC Issuer for its own account a fronting fee solely with respect to each Letter of Credit requested by such Borrower, at such rate as agreed to by Borrower and such LC Issuer1/8%, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears, and . Such fronting fee shall be due and payable on the first tenth Business Day after the end of each March, June, September and DecemberDecember in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Commitment Termination Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.69.15. In addition, each Borrower shall pay directly to each the LC Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such the LC Issuer relating to letters of credit as from time to time in effect, effective schedules of which will be provided to US Borrower upon request. Such customary fees and standard costs and charges are due and payable quarterly in arrears on the first Business Day after the end of each March, June, September and December demand and are nonrefundable.