Letter of Credit Fees. The Borrower also agrees to pay to the Revolving letter of credit fees equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such Letters of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letter of credit shall be payable in arrears # on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and # on the date on which the Revolving Commitment terminates. Letter of credit fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Letter of Credit Fees. The Borrower also agrees to shall pay to the for the account of each Revolving B" data-ad-field-type="a" data-ad-field-json='{"name":"Organization B","type":"a","canGuess":{"name":false,"type":false}}'> letterin accordance, subject to [Section 2.15], with its Applicable Revolving Percentage a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterdetermined in accordance with [Section 1.06]. Letter of creditCredit Fees shall be # due and payable in arrears # on the last Business Day of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date,issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the date on whichApplicable Rate during any quarter, the Revolving Commitment terminates.daily amount available to be drawn under each Letter of credit feesCredit shall be computed onand multiplied by the basis of a year of 360 days and shall be payableApplicable Rate separately for the actual number of days elapsed (including the first day but excluding the last day).each period during such quarter that such Applicable Rate was in effect.
Letter of Credit Fees. The Borrower also agrees toshall pay to the Administrative Agent for the account of each Revolving [[Organization B:Organization]] letterCredit Lender in accordance with its Applicable Revolving Credit Percentage a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans,bearing interest at the rate applicable to the currency of such Letter of Credit times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing clause (i)] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterdetermined in accordance with Section 1.06. Letter of creditCredit Fees shall be # due and payable in arrears # on the lastfirst Business Day after the end of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date,issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the date on whichApplicable Margin during any quarter, the Revolving Commitment terminates.daily amount available to be drawn under each Letter of credit feesCredit shall be computed onand multiplied by the basisApplicable Margin separately for each period during such quarter that such Applicable Margin was in effect. Notwithstanding anything to the contrary contained herein, upon the request of a yearthe Required Lenders, while any Event of 360 days andDefault exists, all Letter of Credit Fees shall be payable foraccrue at the actual number of days elapsed (including the first day but excluding the last day). Default Rate.
Letter of Credit Fees. The Borrower also agrees toshall pay to the Administrative Agent for the account of each Lender with a Revolving [[Organization B:Organization]] letterCommitment in accordance, subject to [Section 2.16], with its Applicable Percentage a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit; provided, however, any Letter of Credit (regardlessFees otherwise payable for the account of whethera Defaulting Lender with respect to any conditions for drawing could then be met and determinedLetter of Credit as ofto which such Defaulting Lender has not provided Cash Collateral satisfactory to the close of business on any date of determination); provided, during any period during which default rate interest is applicable underL/C Issuer pursuant to this [Section 2.06(c)], the percentage referred to in the [foregoing clause (i)]03] shall be payable, to the maximum extent permitted by applicable Law, to the other in accordance with the upward adjustments in their respective Applicable MarginPercentages allocable to such Letter of Credit pursuant to [Section 2.16(a)(iv)], with the balance of such fee, if any, payable to the L/C Issuer for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterits own account. For purposes of creditcomputing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be payabledetermined in arrearsaccordance with Section 1.06. Letter of Credit Fees shall be # due and payable on the lastfirst Business Day after the end of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date,issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the date on whichApplicable Rate during any quarter, the Revolving Commitment terminates.daily amount available to be drawn under each Letter of credit feesCredit shall be computed onand multiplied by the basisApplicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of a yearthe Required , while any Event of 360 days andDefault exists, all Letter of Credit Fees shall be payable foraccrue at the actual number of days elapsed (including the first day but excluding the last day). Default Rate.
Letter of Credit Fees. The Borrower also agrees toshall pay to the Administrative Agent for the account of each Revolving letterCredit Lender in accordance with its Applicable Revolving Credit Percentage a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times either # so long as no Event of Default has occurred and is continuing, the average aggregateexcess of the daily maximum amount available to be drawn under all such LettersLetter of Credit (regardlessover the amount of whether any conditions for drawing could thenCash Collateral provided by such Borrower with respect to such Letter of Credit as a result of a Revolving Credit Lender becoming a Defaulting Lender or # otherwise, the daily amount available to be met and determined asdrawn under such Letter of the closeCredit (irrespective of business on any date of determination)Cash Collateral provided with respect thereto); provided, duringhowever, any period duringLetter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which default rate interest is applicable undersuch Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to this [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]]03] shall be payable, to the maximum extent permitted by applicable Law, to the other Revolving Credit Lenders in accordance with the upward adjustments in their respective Applicable MarginRevolving Credit Percentages allocable to such Letter of Credit pursuant to [Section 2.15(a)(iv)], with the balance of such fee, if any, payable to the L/C Issuer for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterits own account. For purposes of creditcomputing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be payabledetermined in accordance with [Section 1.06]. Such Letter of Credit Fees shall be # computed on a quarterly basis in arrears and # due and payable on the last Business Day of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date, and #issuance of such Letter of Credit, on the date on which the Revolving Commitment terminates. Letter of credit feesCredit Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed onand multiplied by the basisApplicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of a yearthe Required Revolving Lenders, while any Event of 360 days andDefault exists, all Letter of Credit Fees shall be payable foraccrue at the actual number of days elapsed (including the first day but excluding the last day).Default Rate.
Letter of Credit Fees. The Borrower also agrees toBorrowers shall pay to the Administrative Agent, for the account of each Revolving letterCredit in accordance with its Pro Rata Share, a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrueddetermined in accordance with [Section 1.07]. Such letter of credit fees shall be payablecomputed on a quarterly basis in arrearsarrears. Letter of Credit Fees shall be # due and payable on the last Business Day of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date, and #issuance of such Letter of Credit, on the date on which the Revolving Credit Commitment terminates.of each Revolving Credit shall be terminated as provided herein, on the Letter of credit feesCredit Facility Expiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed onand multiplied by the basis of a year of 360 days and shall be payableApplicable Rate separately for the actual number of days elapsed (including the first day but excluding the last day).each period during such quarter that such Applicable Rate was in effect.
Letter of Credit Fees. The Borrower also agrees toshall pay to the Administrative Agent for the account of each Revolving letterCredit Lender in accordance, subject to adjustment as provided in [Section 2.17], with its Applicable Revolving Credit Percentage a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterdetermined in accordance with [Section 1.06]. Letter of creditCredit Fees shall be # due and payable in arrears # on the lastfirst Business Day after the end of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date,issuance of such Letter of Credit, on the expiry date of such Letter of Credit and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the date on whichApplicable Rate during any quarter, the Revolving Commitment terminates.daily amount available to be drawn under each Letter of credit feesCredit shall be computed onand multiplied by the basisApplicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, # while any Event of a yearDefault arising under [Section 8.01(a)(i)] or [Section 8.01(f)] exists, all Letter of 360 daysCredit Fees shall accrue at the Default Rate, and # upon the request of the Required Revolving Credit [[Loan Parties:Organization]] while any Event of Default exists (other than as set forth in clause (i)), all Letter of Credit Fees shall be payable foraccrue at the actual number of days elapsed (including the first day but excluding the last day).Default Rate.
Letter of Credit Fees. The Borrower also agrees toBorrowers shall pay to the Administrative Agent, for the account of each Revolving letterCredit Lender in accordance with its Pro Rata Share, a Letter of credit feesCredit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable Margin for Revolving Loans that are Benchmark Rate Loans, times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrueddetermined in accordance with [Section 1.07]. Such letter of credit fees shall be payablecomputed on a quarterly basis in arrearsarrears. Letter of Credit Fees shall be # due and payable on the last Business Day of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date, and #issuance of such Letter of Credit, on the date on which the Revolving Credit Commitment terminates.of each Revolving Credit Lender shall be terminated as provided herein, on the Letter of credit feesCredit Facility Expiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed onand multiplied by the basis of a year of 360 days and shall be payableApplicable Rate separately for the actual number of days elapsed (including the first day but excluding the last day).each period during such quarter that such Applicable Rate was in effect.
Letter of Credit Fees. The Borrower also agrees to shall pay to the Administrative Agent for the account of each Revolving letterCredit Lender in accordance with its Pro Rata Share a Letter of credit feesCredit Fee (the “Letter of Credit Fee”) for each Letter of Credit equal to # the Applicable MarginRate from time to time in effect for the Revolving Loans that are Benchmark Rate Loans,Credit Facility times # the average aggregate daily maximum amount available to be drawn under all such LettersLetter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination); provided, during any period during which default rate interest is applicable under [Section 2.06(c)], the percentage referred to in the [foregoing [clause (i)]] shall be the Applicable Margin for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterdetermined in accordance with [Section 1.07]. Letter of creditCredit Fees shall be payable# computed on a quarterly basis in arrears and # due and payable on the lastfirst Business Day after the end of each March, June, September and December of each year,December, commencing onwith the first such date after the Closing Date to occur after the Closing Date, and #issuance of such Letter of Credit, on the dateLetter of Credit Expiration Date and thereafter on whichdemand. If there is any change in the Applicable Rate for the Revolving Commitment terminates.Credit Facility during any quarter, the daily maximum amount of each Letter of credit feesCredit shall be computed onand multiplied by the basis of a year of 360 days and shall be payableApplicable Rate for the actual numberRevolving Credit Facility separately for each period during such quarter that such Applicable Rate for the Revolving Credit Facility was in effect. Notwithstanding anything to the contrary contained herein, upon the request of days elapsed (including the first day but excludingRequired Revolving Credit Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the last day).Default Rate.
Letter of Credit Fees. The Borrower also agrees toshall pay to the Administrative Agent for the account of the Revolving Credit [[Organization B:Lenders:Organization]] letterfor the applicable Revolving Credit Facility (in accordance with their Pro Rata Share or other applicable share provided for under this Agreement of credit feesthe Non-Extended Revolving Credit Facility or Extended Revolving Credit Facility, as applicable) a Letter of Credit fee in Dollars for each Letter of Credit issued pursuant to this Agreement equal to # the Applicable MarginRate for Revolving Credit Loans that are Benchmark Rate Loans, times # the average aggregateDollar Equivalent of the daily maximum amount then available to be drawn under all such LettersLetter of Credit (regardless(whether or not such maximum amount is then in effect under such Letter of whether any conditions for drawing could then be met and determined asCredit if such maximum amount increases periodically pursuant to the terms of the closesuch Letter of business on any date of determination)Credit); provided, duringhowever, any period duringLetter of Credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which default rate interest is applicable under [Sectionsuch Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to this Section 2.06(c)], the percentage referred to in the [foregoing clause (i)]03 shall be payable, to the Applicable Marginmaximum extent permitted by applicable Law, to the other in accordance with the upward adjustments in their respective Pro Rata Shares allocable to such Letter of Credit pursuant to [Section 2.17(a)(iv)], with the balance of such fee, if any, payable to the L/C Issuer for Revolving Loans that are Benchmark Rate Loans plus 2.00% per annum. Accrued letterits own account. Such Letter of creditCredit fees shall be computed on a quarterly basis in arrears. Such Letter of Credit fees shall be due and payable in arrears #Dollars on the last Business Day of each March, June, September and December of each year,December, commencing onwith the first such date to occur after the Closing Date, and #issuance of such Letter of Credit, on the date on which the Revolving Commitment terminates. Letter of credit feesCredit Expiration Date and thereafter on demand. If there is any change in any Applicable Rate for Revolving Credit Loans during any quarter, the daily maximum amount of each Letter of Credit shall be computed on the basis of a year of 360 days and shall be payablemultiplied by such Applicable Rate separately for the actual number of days elapsed (including the first day but excluding the last day). each period during such quarter that such Applicable Rate was in effect.
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