Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commission shall be payable quarterly in arrears onwithin fifteen (15) days after the last Business Dayday of each calendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letterstandby Letters of Credit times the Applicable Margin with respect to Revolving Credit Loans that are EurocurrencyLIBOR Rate Loans (determined(determined, in each case, on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.
#Each Specified Borrower for whose account a Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], the Borroweris issued hereunder shall pay to the Applicable Administrative Agent, for the account of the applicableBanks (including the Issuing Lender and the L/C Participants,Bank) pro rata according to their Revolving Commitment Percentages, a letter of credit commission with respect to each Letter of Credit in the amountCredit, computed at a rate equal to the then Applicable Margin for Committed Rate Eurocurrency Loans on the daily average undrawn face amount available to be drawn underof such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis).Credit. Such commissioncommissions shall be payable quarterly in arrears on the last Business Day of each calendar quarter,March, June, September and December to occur after the date of issuance of each Letter of Credit and on the Revolvingexpiration date of such Letter of Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.shall be nonrefundable.
“The applicable Borrower agrees to [Section 5.15(a)(iii)(B)], the Borrower shall pay to the Administrative Agent, for the account of the applicablerelevant Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit inissued by such Issuing Lender, computed for the amountperiod from and including the date of issuance of such Letter of Credit through to the expiration date of such Letter of Credit, computed at a rate per annum equal to the dailyApplicable Margin then in effect for Eurocurrency Loans that are Tranche A Loans calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed, of the maximum amount available to be drawn under such Letter of Credit timesminus the Applicable MarginL/C Facing Fee, payable with respect to Revolvingeach quarter in arrears on each L/C Fee Payment Date with respect to such Letter of Credit Loans that are Eurocurrency Rate Loans (determinedand on a per annum basis).the Maturity Date or such earlier date as the Tranche A Commitments shall terminate as provided herein. Such commission shall be payable quarterly in arrears onto the last Business Day of each calendar quarter, onAdministrative Agent for the Revolving Credit Maturity Date and thereafter on demandaccount of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distributeLenders to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3]be shared ratably among them in accordance with their respective Revolving CreditTranche A Commitment Percentages. The applicable Borrower shall pay to the Administrative Agent for the account of the relevant Issuing Lender a fee equal to 1/8 of 1% per annum (but in no event less than per annum for each Letter of
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], theFees. The Borrower shall pay to the Administrative Agent,Agent for the account of the applicable Issuingeach Revolving Credit Lender and the L/C Participants,in accordance with its Pro Rata Share, a letterLetter of credit commission with respect toCredit fee which shall accrue for each Letter of Credit of each Revolving Facility in thean amount equal to the Applicable Rate then in effect for Eurocurrency Rate Loans with respect to the Revolving Credit Facility multiplied by the daily maximum amount then available to be drawn under such Letter of Credit times(whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the Applicable Marginterms of such Letter of Credit); provided, however, that any Letter of Credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable L/C Issuer pursuant to this [Section 2.03] shall be payable, to the maximum extent permitted by applicable Law, to the other Revolving Credit Loans that are Eurocurrency Rate Loans (determinedLenders under the applicable Revolving Facility 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 applicable L/C Issuer for its own account. Such Letter of Credit fees shall be computed on a per annum basis). Such commissionquarterly basis in arrears and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter,March, June, September and December, in respect of the quarterly period then ending (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the RevolvingLetter of Credit MaturityExpiration Date (or on the date of termination of such Letter of Credit, if earlier) and thereafter on demanddemand. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant toApplicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Each payment of fees under this [Section 3.3][clause (g)] on any Letters of Credit shall be made in Dollars in accordance with their respective Revolving Credit Commitment Percentages.the Dollar Amount thereof (calculated as of the date of payment of such fees).
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], theFees. The Borrower shall pay to the Administrative Agent,Agent for the account of the applicable Issuingeach Lender and the L/C Participants,with a letterRevolving Commitment in accordance, subject to [Section 2.16], with its Applicable Percentage a Letter of credit commission with respect toCredit fee (the “Letter of Credit Fee”) for each Letter of Credit inequal to the amount equal toApplicable Rate times the daily amount available to be drawn under such Letter of Credit; provided, however, any Letter of Credit timesFees otherwise payable for the Applicable Marginaccount of a Defaulting Lender with respect to Revolvingany Letter of Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commissionas to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to this [Section 2.03] shall be payable, to the maximum extent permitted by applicable Law, to the other in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to [Section 2.16(a)(iv)], with the balance of such fee, if any, payable quarterlyto the L/C Issuer for its own account. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined 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 calendar quarter,March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the RevolvingLetter of Credit MaturityExpiration 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 amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable 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 the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute toRequired , while any Event of Default exists, all Letter of Credit Fees shall accrue at the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.Default Rate.
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], theFees. The Borrower shall pay to the Administrative Agent,Agent for the account of the applicable Issuingeach Revolving Credit Lender and the L/C Participants,in accordance with its Applicable Revolving Credit Percentage a letterLetter of credit commission with respect toCredit fee (the “Letter of Credit Fee”) for each Letter of Credit inequal to the amount equalApplicable Margin for Loans bearing interest at the rate applicable to the currency of such Letter of Credit times the daily amount available to be drawn under such Letter of Credit timesCredit. For purposes of computing the Applicable Margin with respectdaily amount available to Revolvingbe drawn under any Letter of Credit, the amount of such Letter of Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commission shall be payable quarterlydetermined 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 calendar quarter,March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the RevolvingLetter of Credit MaturityExpiration Date and thereafter on demand and # computed on a quarterly basis in arrears. If there is any change in the Applicable Margin during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable 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 the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute toRequired Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.Default Rate.
Letter of Credit Commissions. Subject to [Section 5.15(a)(iii)(B)], theFees. The Borrower shall pay to the Administrative Agent,Agent for the account of the applicable Issuingeach Revolving Lender and the L/C Participants,in accordance with its Applicable Revolving Percentage a letterLetter of credit commission with respect toCredit fee (the “Letter of Credit Fee”) for each Letter of Credit inequal to the amount equal toApplicable Rate times the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any standby Letter of Credit, the amount of such Letter of Credit times the Applicable Marginshall be determined in accordance with respect to Revolving[Section 1.06]. Letter of Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commissionFees shall be payable quarterly in arrears on the lastfirst Business Day following each fiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit and accrued through and including the last day of each calendarfiscal quarter in arrears. If there is any change in the Applicable Rate during any quarter, on the Revolvingdaily amount available to be drawn under each Letter of Credit Maturity Dateshall be computed and thereafter on demandmultiplied by the Applicable 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 the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute toRequired Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.Default Rate.
Letter of Credit Commissions. SubjectFees. In consideration of the issuance of Letters of Credit hereunder, the Borrowers agree to [Section 5.15(a)(iii)(B)], the Borrower shall pay to the Administrative Agent, for the accountpro rata benefit of the applicable Issuing Lender and the L/C Participants,Revolving Loan Lenders (based on each ’s Revolving Loan Commitment), a letter of credit commission with respect to each Letterper annum fee (the “Letter of Credit in the amountFees”) equal to the Applicable Percentage for Eurodollar Loans on the average daily maximum amount available to be drawn under each such Letter of Credit timesfrom the Applicable Margin with respectdate of issuance to Revolvingthe date of expiration. The Letter of Credit Loans that are Eurocurrency Rate Loans (determined on a per annum basis). Such commission shallFees will be payable quarterly in arrears onafter the last Business Dayissuance of each calendar quarter,such Letter of Credit (as well as on the Revolving CreditLoan Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this [Section 3.3] in accordance with their respective Revolving Credit Commitment Percentages.Date).
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