Letter of Credit Issuance Fee Sample Clauses

Letter of Credit Issuance Fee. In consideration of the issuance of Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Letter of Credit Fee") on such Lender's Revolving Commitment Percentage of the average daily maximum amount available to be drawn under each such Letter of Credit computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Percentage. The Letter of Credit Fee will be payable quarterly in arrears on the last Business Day of each March, June, September and December for the immediately preceding quarter (or a portion thereof).
Letter of Credit Issuance Fee. The Borrower agrees to pay to each Issuer for its own account an issuance fee for each Letter of Credit issued by such Issuer equal to 0.125% per annum of the Stated Amount of such Letter of Credit. Such fee shall be payable by the Borrower on the date of issuance (and renewal or extension, as applicable) of such Letter of Credit. The Borrower also agrees to pay such Issuer’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder, which fees shall be payable to such Issuer within ten (10) days after demand.
Letter of Credit Issuance Fee. In consideration of the issuance of Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the “Letter of Credit Fee”) on such Lender’s Commitment Percentage of the average daily maximum amount available to be drawn under each such Letter of Credit computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Percentage; provided, however, any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable Issuing Lender pursuant to Section 2.2 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Commitment Percentages allocable to such Letter of Credit pursuant to Section 3.19(a)(iv), with the balance of such fee, if any, payable to the applicable Issuing Lender for its own account. The Letter of Credit Fee will be payable quarterly in arrears on the first Business Day following the last day of each March, June, September and December for the immediately preceding quarter (or a portion thereof), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.
Letter of Credit Issuance Fee. The Borrowers agree to pay to the Agent, for the account of the Issuer, an issuance fee for each Letter of Credit issued by the Issuer for the period from and including the date of issuance of such Letter of Credit to (but not including) the date upon which such Letter of Credit expires, of the greater of 0.25 of 1% of the Stated Amount of such Letter of Credit or $300.00. Such fee shall be payable on the date of issuance of such Letter of Credit.
Letter of Credit Issuance Fee. On the date that a Letter of Credit is issued, the Borrower shall pay the Issuer its customary and standard nonrefundable fee (the “L/C Issuance Fee”) generally charged by the Issuer for issuing letters of credit similar to the Letter of Credit.
Letter of Credit Issuance Fee. The Borrower agrees to pay to the Issuer an issuance fee for each Letter of Credit issued by the Issuer equal to the greater of (x) 0.25% of the Stated Amount of such Letter of Credit or (y) $500. Such fee shall be payable by the Borrower on the date of issuance of such Letter of Credit.
Letter of Credit Issuance Fee. A fee equal to one-half percent (0.50%) of the face amount of the Letter of Credit shall be due and payable by Borrower to Bank simultaneously with the issuance and/or renewal of each Letter of Credit. Borrower shall also pay all reasonable, standard and customary fees or expenses charged or incurred by Bank when issuing a Letter of Credit.
Letter of Credit Issuance Fee. A fee for the issuance of the Letter of Credit computed on the amount of the Letter of Credit and at the rate per annum set forth in Section 1, payable upon issuance of the Letter of Credit.
Letter of Credit Issuance Fee. At the time each Letter of ----------------------------- Credit is issued, Borrower shall pay Administrative Agent an issuance fee, to be retained by the Administrative Agent with no obligation to share with any other Lender, with respect to each Letter of Credit issued in an amount equal to Five Hundred Dollars ($500.00). In addition, Borrower shall pay Administrative Agent a frontage fee determined by multiplying (x) one-eighth percent (0.125%) of the amount being made available under each Letter of Credit times (y) the total Pro Rata Shares of such Letter of Credit held by Lenders other than Administrative Agent, which shall be held by Administrative Agent with no obligation to share with any other Lender.
Letter of Credit Issuance Fee. Borrower shall pay to Bank on or prior to the Date of Issuance, an issuance fee equal to one percent (1.00%) of the Stated Amount -12- 16 of the Letter of Credit. The issuance fee and all other fees of any letter of credit amended, extended, replaced or renewed pursuant to Section 2.02 hereof shall be established by Bank in its sole discretion at the time of such amendment, extension, replacement or renewal. Such fees shall at least include the category of fees referenced in this Article IV (in amounts which may be less than, equal to or exceed the amounts referenced herein) and such additional fees as Bank then deems appropriate in its sole discretion. The foregoing fee and all other fees in this Article IV are or are deemed to be fully earned and nonrefundable.