Loan Commitment Termination Date Sample Clauses

Loan Commitment Termination Date. Each Borrower further agrees to pay to the applicable Issuer under such Facility (subject to the proviso to this sentence) quarterly in arrears on each Quarterly Payment Date following the date of each issuance and extension of each Letter of Credit issued or extended by such Issuer and on the applicable Revolving Loan Commitment Termination Date, a facing fee in an amount equal to 1/8 of 1% per annum on the Stated Amount of such Letter of Credit; provided that, if on the date any Letter of Credit is issued and on each anniversary thereof the facing fee which would accrue with respect to such Letter of Credit over the succeeding 365 days (assuming such Letter of Credit would remain undrawn until its Stated Expiry Date) would be less than $500 (or Cdn $500 with respect to any Canadian Letters of Credit denominated in Canadian Dollars), such Borrower shall pay such Issuer a facing fee of $500 (or Cdn $500 with respect to any Canadian Letters of Credit denominated in Canadian Dollars) with respect to such Letter of Credit in advance on the date of such issuance or anniversary. In addition to the fees described in the preceding two sentences of this Section 3.3.3, each Borrower agrees to pay to each Issuer under its respective Facility its customary processing fees for issuing, modifying and making payment under each Letter of Credit issued by such Issuer to such Borrower.

Loan Commitment Termination Date. The Borrower further agrees to pay to the Issuer (a) on the date of (x) the issuance of each Letter of Credit, (y) each increase in the Stated Amount thereof and (z) each extension (automatic or otherwise) of the Stated Expiry Date thereof, an issuance fee in an amount equal to the amount set forth in the Scotia Bank Fee Letter of the Stated Amount thereof (or increase in such Stated Amount) and (b) all costs and expenses incurred by the Issuer in connection with such Letter of Credit.