Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than the tenth Business Day after the end of each fiscal quarter end in 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 Maturity 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 1.06. In addition, the 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, of 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: Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum Credit issued by it to any Consolidated Party equal to 0.125%, computed on % per annum of the 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 if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth last Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand. For purposes earlier to occur of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit Expiration Date and the date on which the Revolving Credit Commitment of all Lenders shall be determined in accordance with Section 1.06terminated as provided herein. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within 10 Business Days of demand and are nonrefundable.
Appears in 3 contracts
Sources: Restatement Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit equal to the greater of (A) $1,500 per Letter of Credit on the date of issuance of the applicable Letter of Credit and, at the rate if applicable, each renewal date for such Letter of Credit and (B) 0.125% per annum equal to 0.125%of the issued and undrawn amount of such Letter of Credit, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, 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 Maturity Date date on which such Letter of Credit expires in accordance with the terms hereof 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 1.06. In addition, the 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, of 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: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Parent Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit issued by it, at the rate per annum equal to 0.125%, computed on % of the daily amount available to be drawn undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end (10th) day of each fiscal January, April, July and October (for fronting fees accrued during the previous calendar quarter end in 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 Maturity L/C Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.061.10. In addition, the applicable Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum Credit issued by it equal to 0.125%, computed on % per annum of the daily maximum amount then available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth last Business Day after the end of each fiscal March, June, September and December (for fronting fees accrued during such calendar quarter end in 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 Maturity L/C 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 1.06. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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: Revolving Credit Agreement (Akumin Inc.), Revolving Credit Agreement (Akumin Inc.), Revolving Credit Agreement (Akumin Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Each Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) in Dollars with respect to each Letter of CreditCredit issued by such L/C Issuer in an amount to be agreed between such Borrower and such L/C Issuer (but in any case, at not to exceed 0.125% per annum) of the rate per annum equal to 0.125%, computed on Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit Credit. Such Fronting Fees shall be computed on a quarterly basis in arrears. Such fronting fee Fronting Fees shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Letter of Credit Facility 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 1.06. In addition, the each Borrower shall pay directly to the applicable each 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, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 3 contracts
Sources: Credit Agreement (Primo Water Corp /CN/), Second Libor Transition Amendment (Primo Water Corp /CN/), Credit Agreement (Primo Water Corp /CN/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at Credit issued by it equal to the rate greater of (x) 0.25% per annum equal to 0.125%, computed on 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) and (y) $500 per annum. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth last Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity 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 1.06. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued by it the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 2 contracts
Sources: Credit Agreement (Styron Canada ULC), Credit Agreement (Trinseo S.A.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee account, quarterly, in arrears, the applicable Fronting Fee with respect to each Letter of Credit, at the rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrearsCredit. Such fronting fee Fronting Fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, 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 Maturity 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 1.06. In addition, the 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, of 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 (Camden Property Trust), Credit Agreement (Camden Property Trust)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Revolving Letter of Credit, at the rate per annum Credit issued by it equal to 0.125%, computed on % per annum of the daily maximum amount then available to be drawn under such Revolving Letter of Credit (whether or not such maximum amount is then in effect under such Revolving Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Revolving Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than on the tenth first Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Revolving Letter of Credit, on the Maturity 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 1.06. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable. The Borrower shall also pay to the L/C Issuers such other fees as may be agreed to by the Borrower and the applicable L/C Issuer in respect of Letters of Credit issued by such L/C Issuer.
Appears in 2 contracts
Sources: Credit Agreement (Travelport LTD), Credit Agreement (Travelport LTD)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, Credit issued by it for the period from the date of issuance of such Letter of Credit to the termination date of such Letter of Credit at the a rate per annum equal to 0.125%, computed on % per annum (or such other lower amount as may be mutually agreed by the daily Borrower and the applicable L/C Issuer) of the 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 if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth first Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date Credit and thereafter on written 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 1.06. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued by it the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters Letters of credit Credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on within 10 days of demand and are nonrefundable.
Appears in 2 contracts
Sources: Omnibus Incremental Term Loan and Seventh Amendment to Credit Agreement (Global Eagle Entertainment Inc.), Credit Agreement (Global Eagle Entertainment Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Parent Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit issued by it, at the rate per annum equal to 0.125%, computed on % of the daily amount available to be drawn undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end (10th) day of each fiscal January, April, July and October (for fronting fees accrued during the previous calendar quarter end in 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 Maturity L/C Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.061.10. In addition, the applicable Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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. The Parent Borrower shall pay all accrued and unpaid fronting fees that shall have accrued under this Agreement prior to giving effect to Amendment No 2 on the Amendment No. 3 Effective Date (the “Accrued Fronting Fees”).
Appears in 2 contracts
Sources: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of CreditCredit issued by such L/C Issuer, at the rate per annum equal to 0.125%% (or such lesser amount to any respective L/C Issuer as the applicable Borrower may agree in writing with such L/C Issuer), computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, 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 Maturity each applicable 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 1.061.09. In addition, the applicable Borrower shall pay directly to the applicable each 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, of 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 (Alexion Pharmaceuticals Inc), Credit Agreement (Alexion Pharmaceuticals Inc)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit (other than commercial Letters of Credit), at the rate per annum equal to 0.125%, computed on % of the daily amount available to be drawn undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end (10th) day of each fiscal January, April, July and October (for fronting fees accrued during the previous calendar quarter end in 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 Maturity L/C Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.061.08. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 (HSN, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower Borrowers shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to 0.125%specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly monthly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end first day of each fiscal quarter end month in respect of the most recently-ended quarterly monthly 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 Maturity 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 1.06. In addition, the 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, of 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
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The 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, at the rate per annum equal to 0.125%specified in the applicable Fee Letter (for Bank of America as L/C Issuer) or, for any other L/C Issuers, at the rate per annum specified in any other letters or as separately agreed upon between the Company and such L/C Issuer, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, 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 Maturity 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 1.061.09. In addition, the 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, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The 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, at the rate per annum equal to 0.125%specified in the applicable Fee Letter (for Bank of America as L/C Issuer) or, for any other L/C Issuers, at the rate per annum specified in any other letters or as separately agreed upon between the Company and such L/C Issuer, computed on the U.S. Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, 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 Maturity 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 1.061.09. In addition, the 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, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 1 contract
Sources: Credit Agreement (Jacobs Engineering Group Inc /De/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Parent Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit issued by it, at the rate per annum equal to 0.125%, computed on % of the daily amount available to be drawn undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end (10th) day of each fiscal January, April, July and October (for fronting fees accrued during the previous calendar quarter end in 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 Maturity L/C Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.061.10. In addition, the applicable Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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.. The Parent Borrower shall pay all accrued and unpaid fronting fees
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower Representative shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum Credit issued by it equal to 0.125%, computed on % per annum (or such other lower amount as may be mutually agreed by the daily Borrower Representative and the applicable L/C Issuer) of the 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) or such lesser fee as may be agreed with such L/C Issuer. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth last Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity 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 1.06. In addition, the Borrower Representative shall pay pay, or cause to be paid, directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued for the account of the Borrowers the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within ten (10) Business Days of demand and are nonrefundable.
Appears in 1 contract
Sources: Syndicated Facility Agreement (DTZ Jersey Holdings LTD)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit issued by such L/C Issuer in the amount specified in the Fee Letter or in a separate agreement to which the Borrower and such L/C Issuer (or its Affiliate) is a party, at the rate per annum equal to 0.125%, computed payable on the daily maximum amount available to be drawn under such Letter of Credit on a quarterly basis (whether or not such maximum amount is then in arrearseffect under such Letter of Credit) determined, in the case of any Letter of Credit denominated in an Alternative Currency, at the Spot Rate. Such fronting fee shall be due and payable no later than the tenth Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereof, i) in the case of any Financial Letter of Credit or Performance Letter of Credit, on the first payment)last Business Day of March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Letter of Credit Expiration Date and thereafter on demand. For purposes demand and (ii) in the case of computing the daily amount available to be drawn under any Documentary Letter of Credit, on the amount date of issuance of any such Letter of Credit shall be determined in accordance with Section 1.06Credit. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, correspondent bank fees, and other standard costs and charges, of 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
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum Credit issued by it to any Consolidated Party equal to 0.125%, computed on % per annum of the 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 if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth last Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, -63 on the Maturity Date and thereafter on demand. For purposes earlier to occur of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit Expiration Date and the date on which the Revolving Credit Commitment of all Lenders shall be determined in accordance with Section 1.06terminated as provided herein. In addition, the Borrower shall pay directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within 10 Business Days of demand and are nonrefundable.
Appears in 1 contract
Sources: Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower Borrowers shall be jointly and severally liable pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum Credit issued by it to any Consolidated Party equal to 0.125%, computed on % per annum of the 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 if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) or such lesser fee as may be agreed with such L/C Issuer (the “L/C Fronting Fee”). Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fee fees shall be due and payable no later than in Dollars on the tenth last Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion thereofMarch, in the case of the first payment)June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand. For purposes earlier to occur of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit Expiration Date and the date on which the Revolving Credit Commitment of all Lenders shall be determined in accordance with Section 1.06terminated as provided herein. In addition, the Borrower Borrowers shall pay directly to the applicable each L/C Issuer for its own account with respect to each Letter of Credit issued to the Loan Parties the customary and reasonable issuance, presentation, amendment and other processing fees, and other standard costs and charges, of 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 within 10 Business Days of demand and are nonrefundable.
Appears in 1 contract
Sources: Credit Agreement (Blucora, Inc.)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The applicable Borrower shall pay directly to the applicable relevant L/C Issuer for its own account account, in Dollars, a fronting fee with respect to each Letter of CreditCredit issued (or amended) for the account of a Borrower or any of its Subsidiaries, at the rate per annum in an amount equal to 0.125%, computed on % per annum of the daily amount available to be drawn under such Letter of Credit Credit, computed on a quarterly basis the Dollar Equivalent of the amount of such Letter of Credit, or in arrearssuch other amount as separately agreed between the relevant Borrower and the relevant L/C Issuer. Such fronting fee shall be due and payable no later than on the tenth first Business Day after following the end last day of each fiscal quarter end in the most recently-ended quarterly period March, June, September and December (or portion thereof, in such other date as the case of relevant Borrower and the first paymentrelevant L/C Issuer may agree), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity 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 1.061.09. In addition, the applicable Borrower shall pay directly to the applicable 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, of such 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 within three Business Days of demand and are nonrefundable.
Appears in 1 contract
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The 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, at the rate per annum equal to 0.125%specified in the applicable Fee Letter (for Bank of America as L/C Issuer) or, for any other L/C Issuers, at the rate per annum specified in any other letters or as separately agreed upon between the Company and such L/C Issuer, computed on the U.S. Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end of each fiscal quarter end March, June, September and December in respect of the most recently-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 Maturity 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 1.061.09. In addition, the 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, of such L/C Issuer relating to letters of credit as from time to time in effect, in U.S. Dollars, or such Alternative Currency as shall be separately agreed. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
Appears in 1 contract
Sources: Credit Agreement (Jacobs Engineering Group Inc /De/)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Parent Borrower shall pay directly to the applicable each L/C Issuer for its own account a fronting fee with respect to each Letter of CreditCredit issued by it, at the rate per annum equal to 0.125%, computed on % of the daily amount available to be drawn undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than on the tenth Business Day after the end (10th) day of each fiscal January, April, July and October (for fronting fees accrued during the previous calendar quarter end in 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 Maturity L/C Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.061.10. In addition, the applicable Borrower shall pay directly to the applicable each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such 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. The Parent Borrower shall pay all accrued and unpaid fronting fees that shall have accrued under this Agreement prior to giving effect to Amendment No 2 on the Amendment No. 23 Effective Date (the “Accrued Fronting Fees”).
Appears in 1 contract