Common use of LC Fee Clause in Contracts

LC Fee. (a) The Borrowers' Agent will pay, in respect of each LC, a fee at an annual rate equal to the applicable Margin on the Utilisation Date of the LC, such fee to be payable from the Utilisation Date of that LC on the principal outstanding amount of that LC from time to time. (b) The fee in respect of each LC accrues on a daily basis and is payable quarterly in arrear with the payments being made on the same dates as those specified for the payment of commitment fees under Clause 22.2 (Commitment fee). Each Bank shall be entitled to receive its Proportion of all LC fees payable by the Borrowers' Agent.

LC Fee. (a) The Borrowers' ’ Agent will pay, in respect of each LC, a fee at an annual rate equal to the applicable Margin on the Utilisation Date of the LC, such fee to be payable from the Utilisation Date of that LC on the principal outstanding amount of that LC from time to time. (b) The fee in respect of each LC accrues on a daily basis and is payable quarterly in arrear with the payments being made on the same dates as those specified for the payment of commitment fees under Clause 22.2 (Commitment fee). Each Bank shall be entitled to receive its Proportion of all LC fees payable by the Borrowers' ’ Agent.

LC Fee. (a) The Borrowers' ’ Agent will pay, in respect of each LC, a fee at an annual rate equal to the applicable Margin on the Utilisation Date of the LC, such fee to be payable from the Utilisation Date of that LC on the principal outstanding amount of that LC from time to time. (b) The fee in respect of each LC accrues on a daily basis and is payable quarterly in arrear with the payments being made on the same dates as those specified for the payment of commitment fees under Clause 22.2 23.2 (Commitment fee). Each Bank shall be entitled to receive its Proportion of all LC fees payable by the Borrowers' ’ Agent.