Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Agent for its sole account, an application and processing fee in the amount of the higher of (i) $350.00 and (ii) the product of 1/8th of 1% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Agent for the account of the Lenders in accordance with their Revolver Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR Advance in effect on the date of calculation multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Agent for its own account, an application and processing fee in the amount of $350.00 on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Agent for the account of the Administrative Agent and the Lenders in accordance with their Revolver B Specified Percentages, a per annum fee for each Letter of Credit equal to (i) the product of 1/8 of 1 percent multiplied by the face amount of each such Letter of Credit, plus (ii) the product of the Applicable Margin for LIBOR Advances on the date of issuance multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent quarterly as it accrues on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit or the renewal and/or extension of each such Letter of Credit.
Letters of Credit Fee. In consideration for the issuance (and any renewal) of each Letter of Credit, Borrower shall pay to the Issuing Bank for the account of the Issuing Bank and the Lenders in accordance with their Specified Percentages, a fee in an amount equal to the greater of (a) $500 and (b) the amount equal to one percent multiplied by the face amount of each such Letter of Credit. Each fee for a Letter of Credit shall be due and payable in full on the date of issuance of each Letter of Credit, and each renewal of each Letter of Credit.
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Foreign Borrower shall pay to (a) the Administrative Agent for its sole account, an application and processing fee in the amount of the higher of (i) $350.00 and (ii) the product of 1/8th of 1% multiplied by the face amount of such Letter of Credit on each Letter of Credit (or if the Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each Quarterly Date as the rate in effect during the calendar quarter ending on such Quarterly Date), due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Agent for the account of the Administrative Agent and the Lenders in accordance with their Foreign Revolver Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for LIBOR Advances multiplied by the face amount of each such Letter of Credit (or if such Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each Quarterly Date as the rate in effect during the calendar quarter ending on such Quarterly Date). Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit, the Borrower shall pay to (a) the Administrative Agent for its account and for the account of the Issuing Bank, application and processing fees in the amount of the higher of (i) $350.00 and (ii) the product of .125% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit, and (b) the Administrative Agent for the account of the Lenders in accordance with their Specified Percentages or the Issuing Bank, as case may be, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR Advance in effect on the date of calculation multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent or the Issuing Bank, as the case may be, quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
Letters of Credit Fee. Borrower hereby agrees to pay to the Agent, to be distributed by the Agent to each Bank according to its Ratable Share, a letter of credit commission (a) for standby Letters of Credit issued on or after March 6, 2004 or any renewals of standby Letters of Credit issued prior to March 6, 2004, at a rate equal to the Applicable Margin in effect at the time of the issuance or renewal of any Letter of Credit, and (b) for trade Letters of Credit issued (i) prior to March 6, 2004 (and any subsequent renewals of such Letters of Credit) or (ii) on or after March 6, 2004, at the rate of one-quarter percent (1/4%) per annum of the face amount of each trade Letter of Credit for the period (including renewal periods) during which any such Letter of Credit is outstanding.
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit issued prior to May 18, 2000, the Foreign Borrower shall pay to the Administrative Agent for the account of the Administrative Agent and the Lenders in accordance with their Foreign Revolver Specified Percentages, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for Base Rate Advances multiplied by the face amount of each such Letter of Credit (or if such Letter of Credit is denominated in a currency other than Dollars, the Dollar equivalent of such currency calculated by using the quoted spot rate to exchange Dollars for such currency in effect on the last day of each month as the rate in effect during the calendar month ending on such date). Each fee for each Letter of Credit under this subsection shall be due and payable to the Administrative Agent monthly as it accrues, on each the first Business Day of each subsequent calendar month during the term of the Letter of Credit and on the expiration or renewal and/or extension of each such Letter of Credit, beginning with the first such date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit. Additionally, a fee of 2.00% per annum (the "Fee Accrual") shall accrue as a separate obligation on the undrawn portion of each issued and outstanding Letter of Credit. The Fee Accrual shall not bear any Interest under this Agreement and shall not be payable by the Borrowers to the extent that the Borrowers pay all Obligations in full (other than the Fee Accrual and the Interest Accrual) on or before the Maturity Date. The Fee Accrual becomes due and payable on the first day following the Maturity Date (if the Obligations other than the Fee Accrual and the Interest Accrual have not been paid in full) or upon the Administrative Agent electing any of the remedies provided for in Section 9.02(a) through (d) of this Agreement, and interest shall thereafter accrue at the Default Rate on the undrawn portion of all issued and outstanding Letters of Credit.
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit (including the Bond Letter of Credit), the Borrower shall pay to (a) the Administrative Agent for its account and for the account of the Issuing Bank, application and processing fees in the amount of the higher of (i) $350.00 and (ii) the product of .125% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit (other than the issuance of the Bond Letter of Credit by Bank Austria AG which has already been issued), and (b) the Administrative Agent for the account of the Lenders in accordance with their Specified Percentages or the Issuing Bank, as case may be, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR
Letters of Credit Fee. In consideration for the issuance of each Letter of Credit (including the Bond Letter of Credit), the Borrower shall pay to (a) the Administrative Agent for its account and for the account of the Issuing Bank, application and processing fees in the amount of the higher of (i) $350.00 and (ii) the product of .125% multiplied by the face amount of such Letter of Credit on each Letter of Credit, due and payable on the date of issuance of each Letter of Credit (other than the issuance of the Bond Letter of Credit by Bank Austria AG which has already been issued), and (b) the Administrative Agent for the account of the Lenders in accordance with their Specified Percentages or the Issuing Bank, as case may be, a per annum fee for each Letter of Credit equal to the higher of (i) $350.00 and (ii) the product of the Applicable Margin for a LIBOR Advance in effect on the date of calculation multiplied by the face amount of each such Letter of Credit. Each fee for each Letter of Credit under subsection (b) above shall be due and payable to the Administrative Agent or the Issuing Bank, as the case may be, quarterly as it accrues, on each Quarterly Date during the term of the Letter of Credit and on the expiration or renewal of each such Letter of Credit, beginning with the first such Quarterly Date after the issuance of each Letter of Credit and ending on the expiration date of each such Letter of Credit.
Letters of Credit Fee. Letters of credit fees shall be payable in advance and will be equal to, on a per annum basis, one (1.00%) percent of the face amount of the letters of credit.
