Common use of Fronting Fee Clause in Contracts

Fronting Fee. The Borrowers shall pay to the Letter of Credit Issuer for its own account a fronting fee in an amount equal to the Stated Amount of each Letter of Credit from time to time outstanding, times twelve and one half (12.50) Basis Points per annum, which fee shall be payable quarterly in arrears on each Quarterly Payment Date, commencing September 30, 2012, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated.

Fronting Fee. The Borrowers shall pay to the Letter of Credit Issuer for its own account a fronting fee in an amount equal to the Stated Amount of each Letter of Credit from time to time outstanding, times twelve and one half (12.50) Basis Points per annum, which fee shall be payable quarterly in arrears on each Quarterly Payment Date, commencing September 30, 20122017, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated.

Fronting Fee. The Borrowers shall pay to the Letter of Credit Issuer for its own account a fronting fee in an amount equal to the Stated Amount of each Letter of Credit from time to time outstanding, times twelve and one half (12.50) Basis Points per annum, which fee shall be payable quarterly in arrears on each Quarterly Payment Date, commencing September June 30, 20122021, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated.

Fronting Fee. The Borrowers shall pay to the Letter of Credit Issuer for its own account a fronting fee in an amount equal to the Stated Amount of each Letter of Credit from time to time outstanding, times twelve and one half (12.50) Basis Points per annum, which fee shall be payable quarterly in arrears on each Quarterly Payment Date, commencing September 30, 20122024, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated.

Fronting Fee. The Borrowers shall pay to the Letter of Credit Issuer for its own account a fronting fee in an amount equal to the Stated Amount of each Letter of Credit from time to time outstanding, times twelve and one half (12.50) Basis Points per annum, which fee shall be payable quarterly in arrears on each Quarterly Payment Date, commencing September June 30, 20122021, for the calendar quarter year, or portion thereof, then ending and on the earlier date on which the Commitments expire or are terminated.. ​ ​