Common use of Issuing Bank Charges Clause in Contracts

Issuing Bank Charges. With respect to each Letter of Credit, the Borrower shall pay to each Issuing Bank, solely for its own account, (i) a fee of one-quarter of one percent (0.25%) of the undrawn face amount of each Letter of Credit payable quarterly in arrears (on the Business Day closest to each calendar quarter-end after the date of issuance thereof) and (ii) the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of letters of credit and such compensation for the Borrower's account as may be agreed upon by the Borrower and such Issuing Bank from time to time.

Issuing Bank Charges. With respect to each Letter of Credit, the Borrower and the Co-Applicant, if applicable, shall pay to each Issuing Bank, solely for its own account, (i) a fee of one-quarter of one percent (0.25%) 0.375% of the undrawn face amount of each Letter of Credit payable quarterly in arrears (on the Business Day closest to each calendar quarter-end after the date of issuance thereof) and (ii) the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of letters of credit and such compensation for the Borrower's account as may be agreed upon by the Borrower and such Issuing Bank from time to time.

Issuing Bank Charges. With respect to each Letter of Credit, the Borrower for whose account such Letter of Credit was issued shall pay to each Issuing Bank, solely for its own account, (i) a fee of one-quarter of one percent (0.25%) of the undrawn face amount of each Letter of Credit payable quarterly in arrears (on the Business Day closest to each calendar quarter-end after the date of issuance thereof) and (ii) the standard charges assessed by such Issuing Bank in connection with the issuance, administration, amendment and payment or cancellation of letters of credit and such compensation for the such Borrower's account as may be agreed upon by the such Borrower and such Issuing Bank from time to time.