Common use of Fronting Fees Clause in Contracts

Fronting Fees. The Company shall pay to each Issuing Bank for its own account a letter of credit fronting fee (the “Fronting Fees”) for each Letter of Credit Issued by such Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereof.

Appears in 6 contracts

Sources: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)

Fronting Fees. The Company shall pay to each the Issuing Bank for its own account a letter of credit fronting fee (the “Fronting Fees”) for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereof.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)

Fronting Fees. The Company shall pay to each the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereofCredit.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)

Fronting Fees. The Company shall pay to each the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereof.Credit. THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 66 68

Appears in 1 contract

Sources: Revolving Credit Agreement (Group 1 Automotive Inc)

Fronting Fees. The Company shall pay to each the Issuing Bank for its own account account, for each Letter of Credit issued by the Issuing Bank, a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereofCredit.

Appears in 1 contract

Sources: Revolving Credit Agreement (Asbury Automotive Group Inc)

Fronting Fees. The Company shall pay to each the Issuing Bank for its own account a letter of credit fronting fee (the “Fronting Fees”"FRONTING FEES") for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereofCredit.

Appears in 1 contract

Sources: Revolving Credit Agreement (Group 1 Automotive Inc)

Fronting Fees. The Company Borrower shall pay to each the Issuing Bank for its own account a letter of credit fronting fee (the "Fronting Fees") for each Letter of Credit Issued by such the Issuing Bank equal to one hundred twenty-five-one-thousandths percent (0.125%) .125% per annum multiplied by the average daily maximum amount potentially available to be drawn on such outstanding Letters of Credit at any time during the term thereofCredit.

Appears in 1 contract

Sources: Credit Agreement (Lithia Motors Inc)