L/C Fee. The Borrowers, jointly and severally, agree to pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage a fee for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit (the “L/C Fee”), subject to adjustment as provided in Section 2.18(a)(iii)(C)(z). For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. The L/C Fee shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of Revolving Lenders holding in excess of fifty percent (50%) of the Aggregate Commitments (or of the Total Revolving Outstandings if the Aggregate Commitments have been terminated), while any Event of Default exists, the L/C Fee shall accrue at the Default Rate.
L/C Fee. For each Letter of Credit, Borrowers jointly and severally agree to pay to Bank a fee (the “L/C Fee”) equal to (i) either (x) 3.00% per annum with respect to standby Letters of Credit, or (y) 2.75% per annum with respect to commercial Letters of Credit, plus (ii) at any time after the occurrence and during the continuance of an Event of Default, 2% per annum, of the undrawn face amount of such Letter of Credit; provided, however, that the L/C Fee shall not be less than $500 for any such Letter of Credit. The L/C Fee shall be payable monthly in arrears on the first day of each calendar month, upon the occurrence of the Termination Date or earlier termination of the Revolving Commitment and, after the occurrence and during the continuance of an Event of Default, upon demand of Bank. The L/C Fee shall be computed on the basis of a 360 day year for the actual number of days elapsed. In addition to the L/C Fee, Borrowers jointly and severally agree to pay to Bank all of Bank’s customary charges for out-of-pocket and administrative expenses upon the issuance of any Letter of Credit.
L/C Fee. Each Borrower shall pay to the Agent on behalf of the Lenders in respect of their Commitment a fee as set out in the Fee Letter in relation to the face amount of each L/C issued at the request of that Borrower in respect of the period from the date of issue until the expiry of such L/C. Such fee shall be paid monthly in arrears and on the Expiry Date of such L/C.
L/C Fee. The Borrower shall pay the L/C Fee and the Fronting Fee in accordance with the provisions of Section 2.3(b) hereof.
L/C Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender under the Revolving Facility in accordance with its Pro Rata Share provided for under this Agreement, letter of credit fees with respect to all Letters of Credit (the “L/C Fee”) equal to (A) the Applicable Rate for Revolving Loans that are Eurocurrency Rate Loans, times (B) the average aggregate daily maximum amount available to be drawn under all Letters of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination and whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). The L/C Fees shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter, commencing with the last Business Day of the first full calendar quarter after the Closing Date, and on the Maturity Date for the Revolving Commitments.
L/C Fee. The Borrower agrees to pay the Issuer, for distribution to the Banks, a letter of credit fee (the "L/C Fee"), on the Stated Amount monthly in arrears from the date hereof and on the earliest of (i) the Expiration Date, (ii) the Conversion Date or (iii) termination of the Letter of Credit in accordance with the terms hereof or thereof, at the rate of three percent (3%) per annum (calculated on the basis of actual number of days elapsed over a year of 360 days).
L/C Fee. Borrower to pay One Hundred Twenty Five (125) basis point fee per annum to be paid quarterly in advance for the issuance of L/Cs. Standard charges will apply for other L/C activity.
L/C Fee. The Company will pay to Burdale a fee equal to 1.25% per annum on the face amount of each L/C issued at the Company’s request in respect of the period between the date of issue of the L/C and the End Date of such L/C. The fee shall be calculated on the basis of a 365 day year and shall be paid monthly in arrears and on the End Date of such L/C.
L/C Fee. (a) The Borrower and/or the LP shall pay to the Bank a fee (hereinafter, the "L/C Fee") with respect to the Letters of Credit equal to two percent (2.0%) per annum of the face amount of any outstanding Letters of Credit, the L/C Fee being determined and payable as follows:
L/C Fee. Each Borrower shall pay to the Lender a fee equal to 2.4 per cent per annum on the face amount of each L/C issued at the request of that Borrower in respect of the period from the date of issue until the expiry of such L/C. Such fee shall be paid monthly in arrears and on the Expiry Date of such L/C.
