Common use of LC Fees Clause in Contracts

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each Payment Date (such fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 2 contracts

Samples: Credit Agreement (National Data Corp), Credit Agreement (Global Payments Inc)

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LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated face amount under of such Facility LC, such fee to be payable in arrears on each Payment Date (each such fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

LC Fees. The Borrower Borrowers shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each Payment Date (each such fee described in this sentence as an "LC Fee"). The Borrower Borrowers shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.1000.125% of per annum on the face average daily undrawn amount of such under each standby Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each Payment Date (such fee described in this sentence as an "the “LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of agreed upon between the face amount of such Facility LCLC Issuer and the Borrower in the fee letter described in Section 10.13, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's ’s standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a 30 letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated face amount under of such Facility LC, such fee to be payable in arrears on each Payment Date (each such fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrower, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Assignment Agreement (Pioneer Standard Electronics Inc)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances Revolving Loans on the average daily undrawn stated amount under such each Facility LC, such fee to be payable in arrears on each Payment Date (such fee described in this sentence as an the "LC FeeFEE"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance or renewal of each standby Facility LC, a fronting fee in an amount equal to 0.100of .125% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each quarterly Payment Date (such the fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100..125% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

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LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin in effect from time to time for Eurodollar Advances applicable percentage set forth on the Pricing Schedule on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each Payment Date Date, (such fee described in this sentence as an the "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of the face amount of such Facility LC0.125%, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Pledge and Security Agreement (Matrix Service Co)

LC Fees. The Borrower Borrowers shall pay to the Administrative Agent, for the ------- account of ------- the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each standby Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each Payment Date (such fee described in this sentence as an "LC Fee"). The Borrower Borrowers shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.100% of be agreed upon between the face amount of such Facility LCLC Issuer and the Borrowers, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Miller Exploration Co)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such Facility LC, such fee to be payable in arrears on each Payment Date (such fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.1000.125% of the face amount of such Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's ’s standard schedule for such charges as in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Global Payments Inc)

LC Fees. The Borrower shall pay to the Administrative Agent, for the ------- account of the Lenders ratably in accordance with their respective Pro Rata Shares, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time for Eurodollar Advances on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each Payment Date Date, (each such fee described in this sentence as an "LC Fee"). The Borrower shall also pay to the LC Issuer for its own account (x) at the time of issuance of each Facility LC, a fronting fee in an amount equal to 0.1000.25% of per annum on the face average daily undrawn stated amount of such under each Facility LC, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer's standard schedule for such charges as in effect from time to time.processing

Appears in 1 contract

Samples: Assignment Agreement (Aetna Industries Inc)

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