Common use of Issuing Lender Fee Clause in Contracts

Issuing Lender Fee. In addition to the Letter of Credit Fee payable pursuant to clause (i) above, the Borrowers promise to pay to the Issuing Lender for its own account without sharing by the other Lenders (A) letter of credit fronting and negotiation fees of one-eighth percent (1/8%) per annum on the average daily maximum amount available to be drawn under outstanding Letters of Credit payable quarterly in arrears with the Letter of Credit Fee, and (B) customary charges from time to time of the Issuing Lender with respect to the issuance, amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 2 contracts

Samples: Credit Agreement (Central Parking Corp), Credit Agreement (Central Parking Corp)

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Issuing Lender Fee. In addition to the Letter of Credit Fee payable pursuant to clause (i) aboveFee, the Borrowers promise Borrower agrees to pay to the Issuing Lender for its own account without sharing by the other Lenders (A) a letter of credit fronting and negotiation fees fee of one-eighth fourth percent (1/81/4%) per annum on of the average daily maximum face amount available to be drawn under outstanding Letters of Credit payable quarterly in arrears with the each Letter of Credit Fee, issued hereunder at the time of such issuance (it being agreed that such fee shall not be charged in connection with the renewal of any such Letter of Credit previously issued) and (B) customary charges from time to time of the Issuing Lender with respect to the issuance, amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

Issuing Lender Fee. In addition to the Letter of Credit Fee payable pursuant to clause (i) above, the Borrowers promise Borrower promises to pay to the applicable Issuing Lender for its own account without sharing by the other Lenders (A) a letter of credit fronting and negotiation fees fee of one-eighth percent (1/8%) per annum on the average daily maximum amount available to be drawn under outstanding Letters of Credit payable quarterly in arrears with the Letter of Credit Fee, and (B) customary charges from time to time of the Issuing Lender with respect to the issuance, amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

Appears in 1 contract

Samples: Credit Agreement (Fritz Companies Inc)

Issuing Lender Fee. In addition to the Letter of Credit Fee payable pursuant to clause (i) above, the Borrowers promise Borrower promises to pay to the applicable Issuing Lender for its own account without sharing by the other Lenders (A) a letter of credit fronting and negotiation fees fee of one-eighth percent (1/8%) 0.125% per annum on the average daily maximum amount available to be drawn under outstanding Letters of Credit Credit, payable quarterly in arrears with the Letter of Credit Fee, and (B) customary charges from time to time of the Issuing Lender with respect to the issuance, amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees")Credit.

Appears in 1 contract

Samples: Credit Agreement (Fritz Companies Inc)

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Issuing Lender Fee. In addition to the Letter of Credit Fee payable pursuant to clause (i) above, the Borrowers promise Borrower promises to pay to the Issuing Lender for its own account without sharing by the other Lenders (A) a letter of credit fronting and negotiation fees fee of one-eighth percent (1/8%) per annum on the average daily maximum amount available to be drawn under outstanding Letters of Credit payable quarterly in arrears with the Letter of Credit Fee, and (B) customary charges from time to time of the Issuing Lender with respect to the issuance, amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender FeesISSUING LENDER FEES").

Appears in 1 contract

Samples: Credit Agreement (Worldtex Inc)

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