Common use of Trade Letter of Credit Drawing Fee Clause in Contracts

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)

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Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Moll Industries Inc), Credit Agreement (Steel Heddle International Inc), Credit Agreement (Simcala Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunderCredit, the each Borrower promises to pay to the Agent for the account of each Lender the Lenders a fee (the "Trade Letter of Credit Fee") equal to 0.125% of 15 basis points on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Hunt Corp), Credit Agreement (Hunt Corp)

Trade Letter of Credit Drawing Fee. In ---------------------------------- consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") -------------------------- equal to 0.125% one-eighth of one percent (.125%) on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Engineered Support Systems Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% 25 basis points on such Lender's Commitment Percentage of the face amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Airgas Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% the interest rate spread on Eurodollar Loans on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises Borrowers jointly and severally promise to pay to the Administrative Agent for the account ratable benefit of each Lender the Lenders a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage for trade Letter of Credit Fee on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Inex Corp)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises Borrowers promise to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125the Applicable Percentage for Eurodollar Loans less 0.50% on such Lender's Revolving Credit Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a the applicable trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Fresh Foods Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Extendicare Health Services Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises Borrowers promise to pay to the Agent for the account of each Lender a fee such customary and usual fees as are typically charged for drawings under trade letters of credit (collectively, the "Trade Letter of Credit Fee") equal with respect to 0.125% on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a the applicable trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Fieldcrest Cannon Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises Borrowers jointly and severally promise to pay to the Agent for the account ratable benefit of each Lender the Revolving Lenders a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage for trade Letter of Credit Fee on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

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Trade Letter of Credit Drawing Fee. In consideration of the ---------------------------------- issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade ----- Letter of Credit Fee") equal to 0.125% on such Lender's Commitment -------------------- Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Dyson Kissner Moran Corp)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% of one-eighth of one percent (1/8%) on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Anchor Holdings Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises Borrowers jointly and severally promise to pay to the Administrative Agent for the account ratable benefit of each Lender the Revolving Lenders in accordance with such Lender’s Revolving Commitment Percentage a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage for trade Letter of Credit Fee on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender the Lenders a fee (the "Trade Letter of Credit Fee") equal to 0.125% of 15 basis points on such Lender's Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Hunt Manufacturing Co)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Administrative Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage for Eurodollar Loans on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% the Applicable Percentage on such Lender's Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.of

Appears in 1 contract

Samples: Credit Agreement (Insight Health Services Corp)

Trade Letter of Credit Drawing Fee. In consideration of the issuance of trade Letters of Credit hereunder, the Borrower promises to pay to the Agent for the account of each Lender a fee (the "Trade Letter of Credit Fee") equal to 0.125% one quarter of one percent (1/4%) on such Lender's ’s Revolving Commitment Percentage of the amount of each drawing under any such trade Letter of Credit. The Trade Letter of Credit Fee will be payable on each date of drawing under a trade Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Benihana Inc)

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