Common use of Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer Clause in Contracts

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 6 contracts

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

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 5 contracts

Sources: Credit Agreement (Information Services Group Inc.), Credit Agreement (Information Services Group Inc.), Credit Agreement (Ixia)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on each Interest Payment Date (or portion thereof, in the case of the first Business Day after the end of each calendar quarterpayment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Company shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 4 contracts

Sources: Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal Credit, at a rate not to 0.125 exceed 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterInterest Payment Date for Base Rate Loans, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 4 contracts

Sources: Credit Agreement (LL Flooring Holdings, Inc.), Credit Agreement (Lumber Liquidators Holdings, Inc.), Credit Agreement (Lumber Liquidators Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 4 contracts

Sources: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Safeway Stores 42, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 4 contracts

Sources: Credit Agreement (Kirkland's, Inc), Credit Agreement (Kirkland's, Inc), Credit Agreement (Kirkland's, Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by it, at the rate per annum times specified in one or more of the Fee Letters specified in clause (iii) of the definition thereof, computed on the Dollar Equivalent of the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit. Such fronting fees shall be computed ) and on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first fifth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.09. In addition, the applicable Borrower Company shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 3 contracts

Sources: Corra Transition Amendment (Global Payments Inc), Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 Credit, at the rate of 0.125% per annum times computed on the U.S. Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable quarterly in arrears on the first Business Day after following the end last day of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Termination Date, on the Letter of Credit Expiration Date (or, if earlier, the latest expiry date of any Letter of Credit issued hereunder) and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.04. In addition, the applicable Borrower Company shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effecteffect with respect to Letters of Credit issued by such L/C Issuer hereunder. Such customary fees and standard costs and charges are due and payable on within 10 Business Days after demand and are nonrefundable.

Appears in 3 contracts

Sources: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount Credit, at the rate per annum equal to 0.125 % per annum times 0.25%, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterfiscal quarter of the Borrower, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 3 contracts

Sources: Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Domestic Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.125% per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Domestic Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 3 contracts

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

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 3 contracts

Sources: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times of 0.125%, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 3 contracts

Sources: Credit Agreement (Evi Industries, Inc.), Credit Agreement (Evi Industries, Inc.), Credit Agreement (EnviroStar, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Cole Kenneth Productions Inc), Credit Agreement (Perfumania Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount Credit, at the rate per annum equal to 0.125 % per annum times 0.125%, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterFebruary, May, August and November, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in one or more Fee Letters, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundablenon-refundable.

Appears in 2 contracts

Sources: Credit Agreement (Charah Solutions, Inc.), Credit Agreement (Charah Solutions, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) (i) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.250% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (FDO Holdings, Inc.), Credit Agreement (FDO Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Calavo Growers Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Revolving Credit Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount at a rate per annum equal to 0.125 0.25% per annum times unless as otherwise agreed with such L/C Issuer, computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the date on which the Dollar Revolving Credit Commitments shall be terminated as provided herein, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Revolving Credit Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Amendment No. 9 (Platform Specialty Products Corp), Credit Agreement (Platform Specialty Products Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer, at a rate per annum, in an amount equal to 0.125 % per annum times the case of Bank of America, in its capacity as L/C Issuer, specified in the Fee Letter and in the case of any other L/C Issuer, as may be agreed upon between the Borrower and such L/C Issuer, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.08. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (L 3 Communications Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Each Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued at the request of such Borrower at the rate per annum times specified in the Administrative Agent Fee Letter, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be , and due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable each Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars, with respect to each Letter of Credit issued at the request of such Borrower, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Watts Water Technologies Inc), Credit Agreement (Watts Water Technologies Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundablenon-refundable.

Appears in 2 contracts

Sources: Credit Agreement (NV5 Global, Inc.), Credit Agreement (NV5 Global, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % at the rate per annum times set forth in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly monthly basis in arrears. Such fronting fees fee shall be due and payable on the first Business Day after the end of each calendar quartermonth in respect of the most recently-ended month, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Texas Industries Inc), Credit Agreement (Texas Industries Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, 0.200% of the amount available to be drawn under such Letter of Credit in an amount equal and (ii) with respect to 0.125 each standby Letter of Credit issued and outstanding, 0.200% per annum times of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall , computed on the daily amount available to be computed drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer Issuers relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Ferrellgas Partners Finance Corp), Credit Agreement (Ferrellgas Partners Finance Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 Credit, at the rate of 0.125% per annum times computed on the U.S. Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable quarterly in arrears on the first Business Day after following the end last day of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Termination Date, on the Letter of Credit Expiration Date (or, if earlier, the latest expiry date of any Letter of Credit issued hereunder) and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.04. In addition, the applicable Borrower Company shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in (x) with respect to PNC Bank in its capacity as L/C Issuer, the Fee Letter and (y) with respect to each L/C Issuer other than PNC Bank, as set forth in a written agreement between the Borrower and such Person, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions costs and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard out-of-pocket costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Ciner Resources LP), Credit Agreement (Ciner Resources LP)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, a fronting fee of 0.125% per annum with respect to each Letter of Credit in an amount equal to 0.125 % per annum times Credit, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such In the case of SVB, in its capacity as an L/C Issuer, such fronting fees fee shall be due and payable on the first last Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In the case of each other L/C Issuer, such fronting fee shall be due and payable as agreed in writing between the Borrower and such L/C Issuer. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the each L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (ironSource LTD), Credit Agreement (ironSource LTD)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account account, a fronting fee with respect to each Letter of Credit issued for the account of such Borrower in an the amount equal to 0.125 % per annum times set forth in the daily maximum amount available to be drawn under such Letter of CreditAgency Fee Letter. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable in Dollars on the first last Business Day after the end of each calendar quarterMarch, June, September and December, in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.08. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit issued for the account of such Borrower as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 2 contracts

Sources: Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.125% per annum times the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Company shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment), of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (McKesson Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall agrees to pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal Credit, as to 0.125 % Bank of America at the rate per annum times specified in the Fee Letter, and as to JPMorgan Chase Bank, N.A. at the rate per annum established between the Borrower and JPMorgan Chase Bank, N.A. under the Existing Credit Agreement, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Harte Hanks Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter , computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Anika Therapeutics, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Company shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 Credit, at the rate of 0.125% per annum times computed on the U.S. Dollar equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable quarterly in arrears on the first Business Day after following the end last day of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Termination Date, on the Letter of Credit Expiration Date (or, if earlier, the latest expiry date of any Letter of Credit issued hereunder) and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.04. In addition, the applicable Borrower Company shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (LyondellBasell Industries N.V.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer Issuer, for its own account account, a customary fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times (the “Fronting Fee”) computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit issued by such L/C Issuer and payable on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Tandy Brands Accessories Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and payable on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Pep Boys Manny Moe & Jack)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at a rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Revolving Credit Agreement (Commvault Systems Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account (i) a one-time fronting fee for each commercial Letter of credit equal to 0.25% times the amount of such commercial Letter of Credit and (ii) a fronting fee with respect to for each standby Letter of Credit in an amount equal to 0.125 of 0.125% per annum times the daily maximum amount available to be drawn under such standby Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fees fee for each standby Letter of Credit shall be computed on a quarterly basis in arrears. Such fronting fees , and shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary (for similarly situated "investment grade" credits) issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. A list of such fees, costs and charges as of the Closing Date has been delivered to the Borrower. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Wallace Computer Services Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % issued by the L/C Issuer, at the rate per annum times specified in the Bank of America Fee Letter, the ▇▇▇▇▇ Fargo Fee Letter or as separately agreed upon by the Borrower and any other L/C Issuer, as applicable, computed on the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit. Such fronting fees shall be computed ) and on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on each Payment Date in respect of the then-ended quarterly period (or portion thereof, in the case of the first Business Day after the end of each calendar quarterpayment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.03. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Walgreen Co)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.10% per annum times the daily maximum amount available to be drawn under on such Letter of Credit. Such fronting fees shall be , computed for each day such Letter of Credit is outstanding, payable (i) on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterQuarterly Payment Date, commencing with the first such date to occur after the issuance of such Letter of Credit, (ii) on the Letter Maturity Date, (iii) if any Letters of Credit Expiration Date are outstanding on the Maturity Date, on the date on which the last of such Letters of Credit to be outstanding expires or terminates and (iv) on the date on which the Agent takes any action described in Section 13.2(a), (b) or (c) (or on which any of such actions occurs automatically pursuant to the proviso to Section 13.2) and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Williams Sonoma Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by Bank of America, in an amount equal its capacity as L/C Issuer, at a rate per annum, specified in the Administrative Agent Fee Letter, and with respect to 0.125 % any Letter of Credit issued by another L/C Issuer, at a rate per annum times to be agreed upon by the Borrower and such L/C Issuer, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first Business Day after following the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.08. In addition, the applicable Borrower shall pay directly to the each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Joy Global Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, 0.200% of the amount available to be drawn under such Letter of Credit in an amount equal and (ii) with respect to 0.125 each standby Letter of Credit issued and outstanding, 0.200% per annum times of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall , computed on the daily amount available to be computed drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer Issuers relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Ferrellgas Partners Finance Corp)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee of 12.5 basis points per annum with respect to each Letter of Credit in an amount equal to 0.125 % per annum times Credit, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterfiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account account, in Dollars the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (MSA Safety Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued by it to the Borrower equal to 0.125 0.125% per annum times of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees fee shall be computed on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first tenth Business Day after the end of each calendar quarterMarch, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Global Cash Access Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (the “Fronting Fee”) with respect to each standby Letter of Credit Credit, in an amount equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be , and due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such Fronting Fee, customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Apartment Investment & Management Co)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee (%4) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (%4) with respect to each Standby 75 Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterApril, July, October and January, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Asset Based Revolving Credit Agreement (C&J Energy Services, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on or prior to the first date that is ten (10) Business Day after the end of Days following each calendar quarterquarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (AAC Holdings, Inc.)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer Issuer, for its own account account, a customary fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % per annum times (the “Fronting Fee”) computed on the daily maximum amount available to be drawn under such each Letter of Credit. Such fronting fees shall be computed Credit issued by such L/C Issuer and payable on a quarterly monthly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day day after the end of each calendar quartermonth, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the applicable L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Cache Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Each Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount issued for the account of such Borrower equal to 0.125 0.250% per annum times of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first last Business Day after the end of each calendar quarterJanuary, April, July and October, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable each Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit (to the extent such fees, costs and charges are incurred in connection with the issuance of a Letter or Letters of Credit for the account of such Borrower) as from time to time in effect. Such customary fees and standard costs and charges are due and payable on within five (5) Business Days of demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Dollarama CORP)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 0.125% per annum times the daily maximum amount available to be drawn under on such Letter of Credit. Such fronting fees shall be , computed for each day such Letter of Credit is outstanding, payable (i) on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarterQuarterly Payment Date, commencing with the first such date to occur after the issuance of such Letter of Credit, (ii) on the Letter Maturity Date, (iii) if any Letters of Credit Expiration Date are outstanding on the Maturity Date, on the date on which the last of such Letters of Credit to be outstanding expires or terminates and (iv) on the date on which the Administrative Agent takes any action described in Section 13.2(a), (b) or (c) (or on which any of such actions occurs automatically pursuant to the proviso to Section 13.2) and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Williams Sonoma Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125 % Credit, at the rate per annum times specified in the Fee Letter, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees fee shall be due and payable on the first Business Day after the end of each calendar quarterMarch, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Reading International Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account a fronting fee (the “Fronting Fee”) with respect to each Letter of Credit in an amount at a rate equal to 0.125 0.125% per annum times annum, computed on the daily maximum amount available to be drawn under such Letter of Credit. Such fronting fees shall be computed Credit and payable on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after the end of each calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Tuesday Morning Corp/De)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the Dollar Equivalent of the daily maximum amount available to be drawn under each such Letter of Credit. Such fronting fees shall be computed Credit on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business Day after 5th day subsequent to the end last day of each calendar quarterApril, July, October and January, commencing with the first such date to occur after the issuance of such Letter of Credit, Credit and on the Letter of Credit Expiration Date and thereafter on demandexpiry date thereof. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Abl Credit Agreement (Lands End Inc)

Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, a fronting fee (the “Fronting Fee”) with respect to each Commercial Letter of Credit in an amount Credit, at a rate equal to 0.125 0.125% per annum times annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily maximum amount available to be drawn under such Letter of CreditCredit and on a monthly basis in advance. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees Fronting Fees shall be due and payable on the first Business Day after the end day of each calendar quartermonth, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such the Letter of Credit shall be determined in accordance with Section 1.071.06. In addition, the applicable Borrower Borrowers shall pay directly to the L/C Issuer Issuer, for its own account account, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges (including reasonable out-of-pocket expenses relating to issuances, amendments, renewals, extensions and any demands for payment)charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (Alco Stores Inc)