Common use of Fronting Fee Clause in Contracts

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fee shall be accrued quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Amerigas Partners Lp), Credit Agreement (Amerigas Partners Lp), Guaranty Agreement (Amerigas Partners Lp)

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Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth separately agreed by the Borrower and the Issuing Lender in the Fee Letter. Such issuance fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Fossil Group, Inc.), Credit Agreement (Fossil Group, Inc.), Credit Agreement (Fossil Group, Inc.)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the each Issuing Lender, a fronting fee with respect to each Letter of Credit issued by it as set forth in the applicable Fee LetterLetter or as separately agreed by such Issuing Lender, as applicable. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Fronting Fee. In addition to the foregoing commissioncommissions, the Borrower shall pay to the Administrative Agent, for the account of the Issuing LenderFronting Bank, a fronting fee with respect to each Fronted Letter of Credit as set forth in the Administrative Agent’s Fee LetterLetter or as otherwise agreed to by the Fronting Bank and the Borrower. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Fronted Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Family Dollar Stores Inc), Credit Agreement (Family Dollar Stores Inc)

Fronting Fee. In addition to the foregoing commissioncommissions, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lenderapplicable Fronting Bank, a fronting fee with respect to each Fronted Letter of Credit as set forth in the applicable Fee LetterLetter or as otherwise agreed to by the Fronting Bank and the Borrower. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Fronted Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Family Dollar Stores Inc), Credit Agreement (Family Dollar Stores Inc)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in an amount equal to the Fee Letterface amount of such Letter of Credit multiplied by one-eighth of one percent (0.125%) per annum. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc)

Fronting Fee. In addition to the foregoing commission, the U.S. Borrower shall pay to the Administrative Agent, for the account of the each Issuing Lender, a fronting fee with respect to each Letter of Credit issued by it as set forth in the applicable Fee LetterLetter or as separately agreed by such Issuing Lender, as applicable. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the each Issuing Lender, a fronting fee with respect to each Letter of Credit issued by it as set forth in the Fee LetterLetter or as separately agreed by such Issuing Lender, as applicable. Such issuance fronting fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Apogee Enterprises Inc), Credit Agreement (Apogee Enterprises, Inc.)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing LenderBank, a fronting fee with respect to each Letter of Credit as set forth in the Fee Commitment and Engagement Letter. Such issuance fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Atlas Pipeline Partners Lp)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letteramount as separately agreed to between the Borrower and the Issuing Lender. Such issuance fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (DynCorp International LLC)

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Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth separately agreed by the Borrower and the Issuing Lender in the letter agreement described in clause (a) of the definition of Fee LetterLetters. Such issuance fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Fossil Inc)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fee shall be accrued accrue quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letterapplicable Letter of Credit Application or as otherwise separately agreed by the Borrower and the Issuing Lender. Such issuance fee shall be accrued payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Fossil Inc)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fronting fee shall be accrued due and payable quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day following the end of the immediately following each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.. (c)

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fee shall be accrued quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day LEGAL02/32557961v11 of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

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