Borrower shall pay Agent (for the ratable benefit of the , subject to any agreements between Agent and individual ), a Letter of Credit fee (in addition to the charges, commissions, fees, and costs set forth in [Section 2.10(f)]) which shall accrue at a rate equal to 3.003.65% per annum times the Daily Balance of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). The Letter of Credit Fee shall be due and payable in arrears on each Interest Payment Date.
BorrowerLetter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the ,Revolving Lenders, subject to any agreements between Agent and individual )Revolving Lenders), a Letter of Credit fee (in addition to the charges, commissions, fees, and costs set forth in [SectionSection 2.10(f)]11(e)) which shall accrue at a rate equal to 3.003.65%1.75% per annum times the Daily Balance of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). The Letter of Credit Fee shall be due and payable in arrears on each Interest Payment Date.Credit.
Letter of Credit Fee. Borrower shall pay Agent (for the ratable benefit of the , subject to any agreements between Agent and individual )Revolving Lenders), a Letter of Credit fee (in(the "Letter of Credit Fee") (which fee shall be in addition to the fees, charges, commissions, fees, and costs set forth in [Section 2.10(f)11(j)]) whichthat shall accrue at a per annum rate equal to 3.003.65% per annumthe LIBOR Rate Margin times the Daily Balance of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). The Letter of Credit Fee shall be due and payable in arrears on each Interest Payment Date.Credit.
BorrowerLetter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the , subject to any agreements between Agent and individual )Revolving Lenders), a Letter of Credit fee (in(the Letter of Credit Fee) (which fee shall be in addition to the charges,fronting fees and commissions, other fees, charges and costsexpenses set forth in [SectionSection 2.10(f)]11(k)) whichthat shall accrue at a per annum rate equal to 3.003.65% per annumthe LIBOR Rate Margin times the Daily Balance of the undrawn face amount of all outstandingissued and undrawn Letters of Credit (the “Letter of Credit Fee”). The Letter of Credit Fee shall be due and payable in arrears on each Interest Payment Date.Credit.
BorrowerLetter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the , subject to any agreements between Agent and individual )Revolving Lenders), a Letter of Credit fee (in(the “Letter of Credit Fee”) (which fee shall be in addition to the charges,fronting fees and commissions, other fees, charges and costsexpenses set forth in [Section 2.10(f)11(k)]) whichthat shall accrue at a per annum rate equal to 3.003.65% per annumthe SOFR Margin times the Daily Balanceaverage amount of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). The Letter of Credit Fee shall be due and payable in arrears on each Interest Payment Date.Usage during the immediately preceding month.
Except as provided in [Section 2.6], Borrower shallagrees to pay to Agent (forfor the ratable benefitaccount of the , subject to any agreements between Agent and individual each Lender (except as provided in [Section 2.6]), a letter of credit fee for each Letter of Credit fee (in additionequal to the charges, commissions, fees, and costs set forthL/C Fee Rate in [Section 2.10(f)]) which shall accrue at a rate equaleffect from time to 3.003.65% per annum times the Daily Balancetime of such Lender’s Pro Rata Share (as adjusted from time to time) of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). Thesuch Letter of Credit Fee(computed for the actual number of days elapsed on the basis of a year of 360 days); provided that, unless the Required Lenders otherwise consent, the rate applicable to each Letter of Credit shall be due andincreased by 2% at any time that an Event of Default exists. Such letter of credit fee shall be payable in arrears on the last day of each Interest Payment Date.calendar quarter and on the Termination Date (or such later date on which such Letter of Credit expires or is terminated) for the period from the date of the issuance of each Letter of Credit (or the last day on which the letter of credit fee was paid with respect thereto) to the date such payment is due or, if earlier, the date on which such Letter of Credit expired or was terminated.
Borrower shall pay Agent (for the ratable benefit of the , subject to any agreements between Agent and individual ), a Letter of Credit fee (in additionFee. The Borrowers agree to pay to the charges, commissions, fees, and costs set forth in [Section 2.10(f)]) which shall accrue at a rate equal to 3.003.65% per annum timesAgent, for the Daily Balanceaccount of the undrawn amountLenders, in accordance with their respective Pro Rata Shares, for each Letter of all outstanding Letters of CreditCredit, a fee (the “Letter of Credit Fee”). equal to the Applicable Margin per annum of the undrawn face amount of each Letter of Credit issued for the Borrowers’ account at the Borrowers’ request, plus all out-of-pocket costs, fees and expenses incurred by the Agent in connection with the application for, processing of, issuance of, or amendment to any Letter of Credit, which costs, fees and expenses shall include a “fronting fee” payable to such issuer. The Letter of Credit Fee shall be due and payable monthly in arrears on the 1st day of each Interest Paymentmonth following any month in which a Letter of Credit was issued and/or in which a Letter of Credit remains outstanding and on the Maturity Date. The Letter of Credit Fee shall be payable when a Letter of Credit is issued, renewed, extended, or amended, as appropriate for the period of time during which the Letter of Credit will be outstanding. The Letter of Credit Fee shall be computed on the basis of a 360-day year for the actual number of days elapsed. The Letter of Credit Fee shall be increased to the Default Rate in accordance with [Section 2.5(b)].
BorrowerBorrowers shall pay to Agent (forfor the ratable benefitPro Rata account of the , subjecteach Lender, with respect to any agreements between Agent and individual ), aeach Letter of CreditCredit, a per annum letter of credit fee (in addition(the "LC Fee") equal to the charges, commissions, fees, and costs set forth in [Section 2.10(f)]) which shall accrue at a rate equal to 3.003.65% per annum timesgreater of # $600, or # the Daily Balance of the undrawn amount of all outstanding Letters of Credit (the “Letter of Credit Fee”). TheApplicable Letter of Credit Fee Rate of the aggregate average daily Undrawn Amounts; provided, however, after the occurrence and during the continuance of an Event of Default (other than an Event of Default under [Sections 7.01(g) or (h)])]), the LC Fee due hereunder shall equal the Applicable Letter of Credit Fee Rate plus 2% per annum of the aggregate daily Undrawn Amounts. Such LC Fee shall be due and payable in arrears for each Letter of Credit on each InterestQuarterly Payment Date.Date during the term of each respective Letter of Credit and on the termination thereof (whether at its stated expiry date or earlier).
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.