Common use of Fees and Other Charges Clause in Contracts

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of Credit, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Sources: Credit Agreement (Microsemi Corp), Credit Agreement (Microsemi Corp), Credit Agreement (Microsemi Corp)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLoans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of CreditIssuance Date. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or such Issuing Lender after the issuance date of such Letter of CreditIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Sources: Credit Agreement (AV Homes, Inc.), Omnibus Amendment (AV Homes, Inc.), Credit Agreement (AV Homes, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, if requested by the Issuing Lender, the Borrower shall pay to the Issuing Lender for its own account a fronting fee not to exceed 1/4 of 0.25% one percent per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Sources: Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates Inc)

Fees and Other Charges. (a) The Borrower Borrowers will jointly and severally pay a fee on the Dollar Equivalent of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the applicable Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower Borrowers shall jointly and severally pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 3 contracts

Sources: Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.)

Fees and Other Charges. (a) The Subject to Section 2.18(d)(iii), the Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of CreditCredit issued by such Issuing Lender, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Colony NorthStar, Inc.), Credit Agreement (Colony Capital, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditTerm Benchmark Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or the Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Meritage Homes CORP), Credit Agreement (Meritage Homes CORP)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters the undrawn and unexpired amount of each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on less the face amount of such Letter of Creditfronting fee set forth in the succeeding sentence, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, Credit issued by such Issuing Lender computed at the rate of 0.25% per annum and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Incremental Commitment Agreement and Second Amendment (KAR Auction Services, Inc.), Amendment and Restatement Agreement (KAR Auction Services, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditTerm Benchmark Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after calendar quarters no later than the issuance date that is fifteen (15) days following the last day of such Letter of Creditcalendar quarter. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee equal to the greater of 0.25(x) $500 and (y) 0.125% per annum on the aggregate undrawn and unexpired amount of each Letter of CreditCredit issued by it, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters no later than the date that is fifteen (15) days following the last day of such calendar quarter after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters for each Letter of Credit at a per annum rate equal to the Unused Commitment Fee Rate set forth in the definition of “Applicable Margin Margin” then in effect with respect to Eurodollar Loans under the Revolving Facility on of the face amount of such each Letter of CreditCredit (provided that the minimum fee shall be $300), shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% at a per annum on rate .125 percent of the undrawn and unexpired amount of each Letter of CreditCredit issued by Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Marchex Inc), Credit Agreement (Marchex Inc)

Fees and Other Charges. (a) The Subject to Section 2.27(f), the Borrower will pay a fee fee, for the account of the Revolving Lenders under each Tranche of Revolving Commitments then in effect, on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of for each such Letter of CreditTranche, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Tw Telecom Inc.), Amendment and Restatement Agreement (Tw Telecom Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the face amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing L/C Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, Credit computed at the rate of 0.25% per annum and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the L/C Lender and the Issuing Lender Lender, as the case may be, for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (IAA Acquisition Corp.), Credit Agreement (Insurance Auto Auctions, Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility that bear interest based on the face amount of such Letter of CreditDaily LIBO Rate, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or such Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (M/I Homes, Inc.), Credit Agreement (M/I Homes, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLoans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or such Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters the undrawn and unexpired amount of each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Term Benchmark Loans under the Revolving Facility on less the face amount of such Letter of Creditfronting fee set forth in the succeeding sentence, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, Credit issued by such Issuing Lender computed at the rate of 0.125% per annum and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (OPENLANE, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on times the face daily amount of available to be drawn under such Letter of Credit, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of CreditCredit in the amount of 0.125% of such undrawn and unexpired amount, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditIssuance Date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Senior Credit Agreement (Websense Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of Credit, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired face amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Lantheus Holdings, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn and unexpired amount of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender of each Letter of Credit for its own account a fronting fee of 0.250.20% per annum on the undrawn and unexpired amount of each such Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (ba) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary fees, costs and expenses as are incurred or charged by the Issuing Lender generally to all customers in issuing, negotiating, effecting payment under, and amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Revolving Credit Agreement (Southern Star Central Corp)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters the undrawn and unexpired amount of each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on less the face amount of such Letter of Creditfronting fee set forth in the succeeding sentence, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, Credit issued by such Issuing Lender computed at the rate of 0.250.125% per annum and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Third Amendment Agreement (KAR Auction Services, Inc.)

Fees and Other Charges. (a) The relevant Borrower will shall pay a fee on ---------------------- all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Eurocurrency Loans under the Revolving Facility on the face amount of each such Letter of Credit, . Such fee shall be shared ratably among the Revolving Lenders and shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the such Borrower shall pay to the Issuing Lender for its own account a fronting fee of equal to 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the such Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Senior Revolving Credit Agreement (Aeroflex Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditEurodollarTerm Benchmark Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or the Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Meritage Homes CORP)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters the undrawn and unexpired amount of each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditTerm Benchmark Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% the rate or rates per annum separately agreed upon between the Borrower and the Issuing BankLender on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Air Lease Corp)

Fees and Other Charges. (a) The Each Borrower will pay a fee on all outstanding Letters of Credit requested by it at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar EurocurrencyTerm Benchmark Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the each Borrower shall pay to the applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired amount of each Letter of CreditCredit requested by it, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Parent Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Tempur Sealy International, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLoans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or such Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (M I Homes Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum PER ANNUM rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable to the Administrative Agent for the account of the Revolving Lenders quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.251/4 of 1% per annum PER ANNUM on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (General Automation Inc/Il)

Fees and Other Charges. (a) The Borrower will pay a fee on all the Dollar Equivalent of the aggregate drawable amount of each outstanding Letters Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditCredit Facility, shared ratably among the Revolving Credit Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired Dollar Equivalent of the aggregate drawable amount of each outstanding Letter of CreditCredit of 1/4 of 1% per annum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Osullivan Industries Inc)

Fees and Other Charges. (a) The Subject to Section 2.18(d)(iii), theeach Borrower will willagrees to pay a fee on all of its outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the applicable Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of CreditCredit issued by such Issuing Lender on its behalf, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the applicable Borrower shall shallagrees to pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Colony NorthStar, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLoans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt of an invoice from the Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt of an invoice from the Administrative Agent or such Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Woodside Homes, Inc.)

Fees and Other Charges. (a) The Borrower Borrowers will jointly and severally pay a fee on the Dollar Equivalent of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Term Benchmark Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the applicable Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) (b) In addition to the foregoing fees, the Borrower Borrowers shall jointly and severally pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Ultra Clean Holdings, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such any Letter of CreditCredit is issued. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of CreditCredit equal to 0.30% per annum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such any Letter of CreditCredit is issued. (b) In addition to the foregoing fees, the Borrower shall promptly pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of CreditCredit upon receipt of an invoice. The Issuing Lender will provide the Administrative Agent a copy of the Letter of Credit fees, charges and expenses charged by the Issuing Lender by facsimile on or about the 10th Business Day of each month.

Appears in 1 contract

Sources: Credit Agreement (Carmike Cinemas Inc)

Fees and Other Charges. (a) The Borrower will pay a fee to the Revolving Lenders on all outstanding Letters of Credit issued for the account of the Borrower and any Foreign Subsidiary Borrower at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditEurocurrency Rate Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each respective Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Kadant Inc)

Fees and Other Charges. (a) The Borrower will pay a fee to the Revolving Lenders on all outstanding Letters of Credit issued for the account of the Borrower and any Foreign Subsidiary Borrower at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLIBOR Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each respective Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Kadant Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and Lenders. Such fees shall be payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% in an amount per annum separately agreed with the Issuing Lender on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Tenneco Inc)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% in an amount per annum separately agreed with the Issuing Lender on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Tenneco Automotive Inc)

Fees and Other Charges. (a) The Borrower will pay a fee in respect of all outstanding Letters of Credit on the aggregate drawable amount of all such outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditCredit Facility, in each case shared ratably among the Revolving Credit Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit of 0.25% per annum on the undrawn and unexpired amount of each Letter of Creditannum, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender Lender, on demand, for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Birch Telecom Inc /Mo)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee in respect of each Letter of Credit issued by such Issuing Lender, which shall accrue at a rate equal to 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Loral Space & Communications Inc.)

Fees and Other Charges. (a) The Subject to Section 2.18(d)(iii), the Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditFacility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of CreditCredit issued by such Issuing Lender, payable quarterly in arrears to the relevant Issuing Lender on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the theeach Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the thesuch Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Colony Financial, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditDaily Simple SOFR Loans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each applicable Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or such Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (M/I Homes, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on the undrawn portion of all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of CreditLoans, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the aggregate undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date calendar quarters and within three (3) Business Days of receipt an invoice from Administrative Agent or the Issuing Lender after the issuance date of such Letter of Creditdate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Meritage Homes CORP)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters the undrawn and unexpired amount of each Letter of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on less the face amount of such Letter of Creditfronting fee set forth in the succeeding sentence, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Creditdate. In addition, the Borrower shall pay to the each Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, Credit issued by such Issuing Lender computed at the rate of 0.125% per annum and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of CreditDate. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (IAA, Inc.)

Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of such Letter of Credit, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.250.125% per annum on the undrawn and unexpired face amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit.. 46

Appears in 1 contract

Sources: Credit Agreement (Lantheus Holdings, Inc.)