Common use of Fronting Fees Clause in Contracts

Fronting Fees. The Borrowers agree on a joint and several basis to pay directly to the Issuing Bank, for its own account, a fronting fee equal to (i) 0.125%, per annum, times (ii) the average aggregate daily maximum Dollar Amount available to be drawn under all Letters of Credit (determined as of the close of business on any date of determination).

Fronting Fees. The Borrowers agree on a joint and several basis to pay directly to the an Issuing Bank, for its own account, a fronting fee payable in Dollars equal to (i) 0.125%, per annum, times (ii) the average aggregate daily maximum amount available (calculated, in the case of any Alternate Currency Letter of Credit, based on the Dollar Amount available Equivalent thereof) to be drawn under all Letters of Credit (determined as of the close of business on any date of determination).

Fronting Fees. The Borrowers agree on a joint and several basis basisBorrower agrees to pay directly to the Issuing Bank, for its own account, a fronting fee equal to (i) 0.125%, per annum, times (ii) the average aggregate daily maximum Dollar Amount available to be drawn under all Letters of Credit (determined as of the close of business on any date of determination).

Fronting Fees. The Borrowers agree on a joint and several basis to Borrower shall pay directly to the Issuing Bank, for its own account, a fronting fee for each Letter of Credit equal to (i) 0.125%, % per annum, times (ii) the average aggregate daily maximum Dollar Amount amount available to be drawn under all Letters such Letter of Credit (regardless of whether any conditions or other requirements for drawing could then be met and determined as of the close of business on any date of determination).