Common use of Fronting Fee Clause in Contracts

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay directly to the Issuing Lender, for its own account, a fronting fee with respect to each Letter of Credit issued by the Issuing Lender as set forth in the Engagement Letter executed by the Issuing Lender. Such fronting fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand of the Issuing Lender.

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay directly to the each applicable Issuing Lender, for its own account, a fronting fee with respect to each Letter of Credit issued by the such Issuing Lender as set forth in the Engagement Fee Letter executed by the such Issuing Lender. Such fronting issuance fee shall be payable quarterly in arrears on the last Business Day of 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 Issuing LenderAdministrative Agent.

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay directly to the each applicable Issuing Lender, for its own account, Lender a fronting fee with respect to each Letter of Credit issued by the such Issuing Lender as set forth in the Engagement Fee Letter executed by the such Issuing Lender. Such fronting fee shall be payable quarterly in arrears on the last Business Day of 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 Issuing LenderAdministrative Agent.