Fronting Fee Rate definition

Fronting Fee Rate means the per annum fee to be charged by a Fronting Lender for the issuance of a Fronted Letter of Credit by such Fronting Lender as agreed to from time to time between such Fronting Lender and the Borrower;

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Fronting Fee Rate means an amount equal to 0.125% per annum.

Fronting Fee Rate means 0.125%.

Examples of Fronting Fee Rate in a sentence

• In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “L/C Fronting Fee”).

• In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date.

• Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (the “Fronting Fee”) for each Performance Letter of Credit and each Financial Letter of Credit equal to the Fronting Fee Rate times the daily maximum amount available to be drawn under such Letter of Credit (including all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or not such increases have taken effect at such time).

• The L/C Fronting Fee Rate for each New Loan Commitment shall mean, as of any date of determination, a percentage per annum as set forth below: 21 To be added only if the Borrowing Minimum is to be different to that specified in the Credit Agreement.

• In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting |US-DOCS\115543490.9|| fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “L/C Fronting Fee”).

• In consideration of a Fronting Lender agreeing to issue Fronted Letters of Credit under this Agreement, the Borrower shall pay directly to such Fronting Lender a fronting fee (the "Fronting Fee") equal to the Fronting Fee Rate multiplied by the average daily maximum undrawn amount of each Fronted Letter of Credit outstanding during each LC Payment Period.

• Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (the "Fronting Fee") for each Performance Letter of Credit and each Financial Letter of Credit equal to the Fronting Fee Rate times the daily maximum amount available to be drawn under such Letter of Credit (including all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or not such increases have taken effect at such time).

• The Borrower agrees to pay to the Fronting Lender a fronting fee on the actual daily amount of the Commitment of the Fronting Lender (the "FRONTING FEE") from the date hereof until the Revolving Credit Termination Date at the Fronting Fee Rate, payable in arrears (i) on the last Business Day of each calendar month, commencing on the second such Business Day following the Closing Date and (ii) on the Revolving Credit Termination Date.

• With effect on and from the execution of this Agreement, the L/C Commitment of each Issuing Lender shall be as follows: [(h) L/C Fronting Fee Rate.

More Definitions of Fronting Fee Rate

Fronting Fee Rate means with respect to any Fronted Letter of Credit, the per annum fee, not to exceed fifteen (15) Basis Points, agreed to by the Fronting Lender and the Borrowers at the time of the issuance of the first Fronted Letter of Credit issued by such Fronting Lender.

Fronting Fee Rate means, for any period, an annual rate equal to the greater of (a) 0.1% per annum and (b)(i) if positive, the difference between the Adjusted CD Rate for such period and the Eurodollar Rate for such period and (ii) otherwise, zero.

Fronting Fee Rate means a rate per annum separately agreed to between the Borrower and the relevant Issuing Bank.