Common use of Loan Commitment Termination Date Clause in Contracts

Loan Commitment Termination Date. The Borrower further agrees to pay to each 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 greater of (i) $500 and (ii) 1/4 of 1% of the Stated Amount thereof (or increase in such Stated Amount) and (b) all reasonable costs and expenses incurred by such Issuer in connection with such Letter of Credit.

Loan Commitment Termination Date. The Borrower further agrees to pay to each 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 greater of (i) $500 and (ii) 1/4 of 1% of the Stated Amount thereof (or increase in such Stated Amount) and (b) all reasonable costs and expenses incurred by such the Issuer in connection with such Letter of Credit.