Letters of Credit Fees. The Borrowers jointly and severally agree to pay (a) to the Agent, for the Pro Rata benefit of the Revolver Lenders, a fee equal to the per annum rate of the Applicable Margin in effect for Term SOFR Loans times the average daily stated amount of the Letters of Credit, which fee shall be payable quarterly in arrears, on the first day of each January, April, July and October for the preceding quarter (commencing with the first such date to occur after the Closing Date), and on the date of termination of any Letter of Credit and on the Revolver Commitment Termination Date; (b) to each Fronting Bank, for its own account, a fronting fee equal to 0.125% per annum on the stated amount of each Letter of Credit issued by it, which fee shall be payable upon the issuance of such Letter of Credit and at the time of each renewal or extension of such Letter of Credit, and also quarterly in arrears, on the first day of each January, April, July and October for the preceding quarter (commencing with the first such date to occur after the Closing Date), and on the date of termination of such Letter of Credit and on the Revolver Commitment Termination Date; and (c) to each Fronting Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of the Letters of Credit issued by it, which charges shall be paid as and when incurred on demand. All fees payable under this Section 3.2.5 shall be payable in Dollars.
Letters of Credit Fees. (i) The Borrower shall pay to the Agent for the ratable account of the L/C Issuers a nonrefundable administration fee (a “Letter of Credit Administration Fee”) for each Letter of Credit issued hereunder and for each amendment to a Letter of Credit that increases the stated amount of such Letter of Credit, such Fee to be equal to 1/10 of 1% (0.10%) of the initial stated amount of such Letter of Credit or the increase in the stated amount of such existing Letter of Credit, as the case may be. The Letter of Credit Administration Fee shall be payable, in the case of the issuance of a Letter of Credit, in advance of or prior to the issuance of such Letter of Credit and, in the case of an amendment of an existing Letter of Credit, in advance of or prior to the amendment of such existing Letter of Credit. In addition, the Borrower shall pay to the Agent for the account of the Lenders, in accordance with the Lenders’ Pro Rata Shares, (x) for each Letter of Credit issued hereunder, a nonrefundable issuance fee (a “Letter of Credit Issuance Fee”) equal to 1.50% per annum of the stated amount of such Letter of Credit, and (y) for any amendment to an existing Letter of Credit that increases the stated amount of such Letter of Credit, a nonrefundable amendment fee (a “Letter of Credit Amendment Fee”) equal to 1.50% per annum of the increase in the stated amount of such Letter of Credit.
Letters of Credit Fees. At the time a Letter of Credit is issued, the ---------------------- Borrowers agree to pay to the Bank fees for the issuing of Letters of Credit:
Letters of Credit Fees. In consideration of the commitments relating to letters of credit hereunder, the Borrower agrees to pay the Bank a fee (collectively the "Letter of Credit Fee") equal to five-eighths of one percent (.625%) per annum on the average daily amount of LOC Obligations for the applicable period plus other customary charges of administration of Letters of Credit. The Letter of Credit Fee shall be payable at issuance in advance.
Letters of Credit Fees. The U.S. Borrower and the Canadian Borrower, as applicable, shall pay:
Letters of Credit Fees. L/C Issuer Charges and Charges to the Loan Account.
Letters of Credit Fees. (a) In consideration for the issuance (and any renewal) of each Letter of Credit, the Borrower shall pay to the Administrative Agent for its sole account as issuer, a fee in an amount equal to .50% 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 Fees. With respect to each Letter of Credit and the drafts thereunder, whether issued for the account of Borrower or any other Credit Party, Borrower agrees to (A) pay to Agent, for the pro rata benefit of the Lenders, a non-refundable commission based upon the face amount of such Letter of Credit, which shall be paid quarterly in arrears, on each Regularly Scheduled Payment Date, at a rate per annum equal to the Applicable Margin for LIBOR Fixed Rate Loans (in effect on the Regularly Scheduled Payment Date) multiplied by the face amount of such Letter of Credit; (B) pay to Agent, for the sole benefit of the Fronting Lender, an additional Letter of Credit fee, which shall be paid on each date that such Letter of Credit shall be issued, amended or renewed at the rate of one-eighth percent (1/8%) of the face amount of such Letter of Credit; and (C) pay to Agent, for the sole benefit of the Fronting Lender, such other issuance, amendment, negotiation, draw, acceptance, telex, courier, postage and similar transactional fees as are customarily charged by the Fronting Lender in respect of the issuance and administration of similar letters of credit under its fee schedule as in effect from time to time.
Letters of Credit Fees. (i) The Borrowers shall pay to the Agent ---------------------- for the account of the Lenders in accordance with the Lenders' respective Pro Rata Shares a nonrefundable issuance fee for each Letter of Credit equal to .25% of the stated amount of such Letter of Credit, provided that if an issuance fee has already been paid at the time of issuance of an Existing Letter of Credit another issuance fee shall not be payable on such Existing Letter of Credit. This fee shall be payable on the date of issuance of a Letter of Credit. In addition, the Borrowers shall also pay to the Agent for the account of the Lenders in accordance with the Lenders' respective Pro Rata Shares a fee equal to .25% of the amount of any increase of the stated amount of any Letter of Credit, such fee to be payable on the date of any such increase. The amount of the fees for Letters of Credit set forth in this Section 3.03(b)(i) may be changed by the Lenders, in their discretion, from time to time, provided that, -------- ---- in the absence of an Event of Default, such issuance fees shall not be changed prior to the first Termination Anniversary Date.
Letters of Credit Fees. A fee equal to (i) the applicable margin then in effect for loans bearing interest at the reserve adjusted Eurodollar Rate made under the Revolving Facility, times (ii) the average daily maximum aggregate amount available to be drawn under all Letters of Credit, will be payable quarterly in arrears to the Lenders under the Revolving Facility. In addition, a fronting fee, to be agreed upon between the issuer of each Letter of Credit and the Borrower, will be payable to such issuer, as well as certain customary fees assessed thereby.
