Examples of Administrative Fee Letter in a sentence
The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee, with respect to each standby Letter of Credit as set forth in the Administrative Fee Letter.
To the Administrative Agent, for its own account, the annual administrative fee described in the Administrative Fee Letter, on the terms, in the amount and at the times set forth therein.
The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee, with respect to each standby Letter of Credit, at the rate of 1/4th of 1% (25 basis points) per annum, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears as set forth in the Administrative Fee Letter.
Notwithstanding the foregoing, the Administrative Fee Letter shall survive the execution and delivery of this Agreement and remain in full force and effect.
See Term Administrative Fee Letter § 1; Term Arrangement Fee Letter § 1.