Common use of Fronting Fee Clause in Contracts

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to each applicable Issuing Lender, a fronting fee with respect to each Letter of Credit issued by such Issuing Lender as set forth in the Fee Letter executed by such Issuing Lender. Such 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 Administrative Agent.

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay directly to each applicable the Issuing Lender, for its own account, a fronting fee with respect to each Letter of Credit issued by such the Issuing Lender as set forth in the Fee Engagement Letter executed by such the Issuing Lender. Such issuance 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 Administrative AgentIssuing Lender.

Fronting Fee. In addition to the foregoing commission, the Borrower shall pay to each applicable Issuing Lender, Lender a fronting fee with respect to each Letter of Credit issued by such Issuing Lender as set forth in the Fee Letter executed by such Issuing Lender. Such issuance 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 Administrative Agent.