Common use of LC Facility Fees Clause in Contracts

LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily maximum amount available to be drawn under outstanding Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing Bank, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum amount available to be drawn under each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Requesting Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Interest Period Loans times the average daily maximum amount available to be drawn under outstanding Stated Amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum amount available to be drawn under Stated Amount of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, if the Agent or the Required Lenders so decide, the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Borrowers Borrower shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee (the “LC Fee”) equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily maximum stated amount available to be drawn under outstanding of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum stated amount available to be drawn under of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans that are not FILO Loans times the average daily maximum amount available to be drawn under outstanding Stated Amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to at the rate of 0.125% per annum on the average daily maximum amount available to be drawn under Stated Amount of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, arrears on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily maximum amount available to be drawn under outstanding Stated Amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum amount available to be drawn under Stated Amount of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, if the Agent or the Required Lenders so decide, the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR SOFR Revolver Loans times the average daily maximum amount available to be drawn under outstanding Stated Amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.1250.25% per annum on the average daily maximum amount available to be drawn under Stated Amount of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.. ​

LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for LIBOR LIBORTerm SOFR Revolver Loans times the average daily maximum stated amount available to be drawn under outstanding of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum stated amount available to be drawn under of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Defaultany period when the Default Rate is applicable pursuant to Section 3.1.1(b), the fee payable under clause (a) shall be increased by 2% per annum.

LC Facility Fees. Requesting Borrowers shall pay (a) to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Margin in effect for US LIBOR Revolver Loans times the average daily maximum amount available to be drawn under outstanding Stated Amount of Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b) to Issuing BankAgent, for its own account, a fronting fee equal to 0.125% per annum on the average daily maximum amount available to be drawn under Stated Amount of each outstanding Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, if the Agent or the Required Lenders so decide, the fee payable under clause (a) shall be increased by 2% per annum.