Compensation for Letters of Credit. The Borrowers agree to pay to the Agent, for the account of the Lenders, in accordance with their respective Pro Rata Shares, with respect to each Letter of Credit, the Letter of Credit Fee specified in, and in accordance with the terms of, Section 2.19.
Compensation for Letters of Credit. (a) The Borrower agrees to pay to the Administrative Agent (except to the extent that the Borrower shall be required to pay directly to the Revolving Credit Lenders as provided in Section 4.7(d)), in the case of each outstanding Letter of Credit, the Letter of Credit Fee therefor, payable quarterly in arrears as hereinafter provided on the daily average face amount (net of permanent reductions) of each Letter of Credit outstanding at any time during the preceding calendar quarter. The Letter of Credit Fees shall be due and payable quarterly in arrears (i) with respect to any calendar quarter, not later than five days following Administrative Agent’s delivery to the Borrower of the invoice for such calendar quarter, (ii) on each Revolving Credit Facility Termination Date and (iii) if any Letter of Credit remains outstanding after the latest Revolving Credit Facility Termination Date, with respect to any calendar quarter thereafter through the last calendar quarter during which the last Letter of Credit ceases to be outstanding, not later than five days following Administrative Agent’s delivery to the Borrower of the invoice for such calendar quarter (each such date specified in clause (i), (ii) or (iii), a “Quarterly Payment Date”). The Administrative Agent shall promptly remit such Letter of Credit Fees, when received by it, to the Revolving Credit Lenders based on their Series Revolving Credit Ratable Shares of the applicable Series of Revolving Credit Facility.
Compensation for Letters of Credit. (a) The Borrower agrees to pay to the Administrative Agent (except to the extent that the Borrower shall be required to pay directly to the Lenders as provided in Section 4.7(d)), in the case of each outstanding Letter of Credit, the Letter of Credit Fee therefor, payable quarterly in arrears as hereinafter provided on the daily average face amount (net of permanent reductions) of each Letter of Credit outstanding at any time during the preceding calendar quarter. The Letter of Credit Fees shall be due and payable quarterly in arrears (i) with respect to any calendar quarter, not later than five days following Administrative Agent’s delivery to the Borrower of the invoice for such calendar quarter, (ii) on each Termination Date and (iii) if any Letter of Credit remains outstanding after the latest Termination Date, with respect to any calendar quarter thereafter through the last calendar quarter during which the last Letter of Credit ceases to be outstanding, not later than five days following Administrative Agent’s delivery to the Borrower of the invoice for such calendar quarter (each such date specified in clause (i), (ii) or (iii), a “Quarterly Payment Date”). The Administrative Agent shall promptly remit such Letter of Credit Fees, when received by it, to the Lenders based on their Ratable Shares of the Revolving Credit Facility.
Compensation for Letters of Credit. The compensation for Letters of Credit shall be as set forth in Section 2.07.
Compensation for Letters of Credit. Borrowers shall pay to Agent (for the benefit of the Issuing Lender and the other Lenders) on the first Business Day of each calendar quarter, in arrears, any processing, issuance, amendment or other similar fees customarily charged in connection with Letters of Credit, together with the Issuing Lender’s out-of-pocket costs of issuing and servicing letters of credit plus an amount equal to the product of (i) the face amount of each Letter of Credit issued and (ii) the Applicable Margin (the “Letter of Credit Fees”). All Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
Compensation for Letters of Credit. The Borrowers agree to pay the fees set forth in Section 2.11 with respect to any Letters of Credit.
Compensation for Letters of Credit. Any and all charges, commissions, fees, and costs incurred by Agent relating to the letters of credit guaranteed by the Revolving/Term Lenders shall be considered Lender Group Expenses for purposes of this Agreement and immediately shall be reimbursable by Borrower to Agent.
Compensation for Letters of Credit. (i) Borrower agrees to pay to Agent with respect to each Letter of Credit, for the account of the Lenders, the Letter of Credit Fee specified in, and in accordance with the terms of, Section 3.4. -----------
Compensation for Letters of Credit. (a) The Borrower agrees to pay to the Agent, for the benefit of each Lender, a letter of credit fee ("Letter of Credit Fee") with respect to each Letter of Credit issued under this Article IV, payable quarterly in arrears on the last day of each January, April, July and October and on the Termination Date, at a per annum rate equal to the Applicable Margin (the "Letter of Credit Rate"), based on the average daily undrawn available amount of such Letter of Credit during such quarter.
Compensation for Letters of Credit. (a) In connection with the establishment of each Letter of Credit which is not also a Special Letter of Credit, the Borrower agrees to pay to the Administrative Agent, for the sole account of the Issuing Bank, such fees and other charges as are charged by the Issuing Bank for Letters of Credit issued by it, including, without limitation, its standard fees for issuing, administering, amending, renewing, paying and canceling letters of credit, as and when assessed.
