Example ContractsClausesreturn of security deposit or letter of creditVariants
Remove:

Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum rate equal to the SOFR Margin times the average amount of the Letter of Credit Usage during the immediately preceding month.

Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the Letter“Letter of Credit Fee”Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [SectionSection 2.11(k)]) that shall accrue at a per annum rate equal to the SOFRLIBOR Rate Margin times the averageundrawn face amount of the Letterall issued and undrawn Letters of Credit Usage during the immediately preceding month.Credit.

Letter of Credit Fee. BorrowersBorrower shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the Letter"Letter of Credit Fee”Fee") (which fee shall be in addition to the fronting feesfees, charges, commissions, and commissions, other fees, charges and expensescosts set forth in [Section 2.11(k)j)]) that shall accrue at a per annum rate equal to the SOFRLIBOR Rate Margin times the averageundrawn amount of the Letterall outstanding Letters of Credit Usage during the immediately preceding month.Credit.

Letter 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 (the “Letter of Credit Fee”) (which fee shall be in(in addition to the fronting feescharges, commissions, fees, and commissions, other fees, charges and expensescosts set forth in [SectionSection 2.11(k)]e)) thatwhich shall accrue at a per annum rate equal to the SOFR Margin1.75% per annum times the averageDaily Balance of the undrawn amount of the Letterall outstanding Letters of Credit Usage during the immediately preceding month.Credit.

Letter of Credit Fee. BorrowersFees. Borrower shall pay to Administrative Agent (forfor the ratable benefitaccount of theeach Revolving Lenders),Credit Lender in accordance, subject to Section 12.22, with its Applicable Percentage, a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum ratefor each Letter of Credit equal to the then-applicable Applicable Margin for Term SOFR MarginPortions times the average amount of the Letter of Credit Usage during the immediately preceding month.daily

Letter of Credit Fee. The Borrowers shallagree to pay Agent (forto the ratable benefitAgent, for the account of the Revolving Lenders), aLenders, in accordance with their respective Pro Rata Shares, for each Letter of CreditCredit, a fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum rate equal to the SOFRApplicable Margin timesper annum of the averageundrawn 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 payable monthly in arrears on the 1st day of each month 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 Usage duringwill be outstanding. The Letter of Credit Fee shall be computed on the immediately preceding month.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)].

Letter of Credit Fee. BorrowersBorrower shall pay Agent (for the ratable benefit of the Revolving Lenders), 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”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum rate equal to the SOFR Margin times the average amount of the. The Letter of Credit Usage during the immediately preceding month.Fee shall be due and payable in arrears on each Interest Payment Date.

Letter of Credit Fee. BorrowersFees. Borrower shall pay to Administrative Agent (forfor the ratable benefitaccount of theeach Revolving Lenders),Credit Lender in accordance, subject to Section 12.22, with its Applicable Percentage, a Letter of Credit fee (the “Letter of Credit Fee”) (which feefor each Letter of Credit equal to the then-applicable Applicable Margin for Term SOFR Portions times 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 Letter of Credit, the amount of such Letter of Credit shall be determined in additionaccordance with Section 1.8. Letter of Credit Fees for a Letter of Credit shall computed on a quarterly basis and be payable in arrears on the on the first Business Day of each April, July, October and January. If there is any change in the Applicable Margin for Term SOFR Portions during any quarter, the daily amount available to be drawn under each standby Letter of Credit shall be computed and multiplied by the Applicable Margin for Term SOFR Portions separately for each period during such quarter that such Applicable Margin for Term SOFR Portions was in effect. Notwithstanding anything to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) thatcontrary contained herein while any Event of Default exists, all Letter of Credit Fees shall accrue at a per annumthe otherwise applicable rate equal to the SOFR Margin times the average amount of the Letter of Credit Usage during the immediately preceding month.plus 2%.

Letter of Credit Fee.Fees. In consideration of the issuance of Letters of Credit hereunder, the Borrowers shallagree to pay Agent (forto the ratableAdministrative Agent, for the pro rata benefit of the applicable Revolving Lenders)Loan Lenders (based on each [[Organization A:Organization]]’s Revolving Loan Commitment), a Letter of Creditper annum fee (the “Letter of Credit Fee”Fees”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum rate equal to the SOFR Margin timesApplicable Percentage for Eurodollar Loans on the average daily maximum amount of theavailable to be drawn under each such Letter of Credit Usage duringfrom the immediately preceding month.date of issuance to the date of expiration. The Letter of Credit Fees will be payable quarterly in arrears after the issuance of such Letter of Credit (as well as on the Revolving Loan Maturity Date).

Letter of Credit Fee. BorrowersFees. Each Borrower shall pay Agent (forto the ratable benefitAdministrative Agent, for the account of the Revolving Lenders), aLenders ratably in accordance with their respective Pro Rata Shares, with respect to each Letter of CreditCredit, a letter of credit fee (the Letter“Letter of Credit Fee”Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in [Section 2.11(k)]) that shall accrue at a per annum rate equal to the SOFR Margin timesLetter of Credit Fee Rate in effect from time to time on the averageoutstanding daily maximum amount available to be drawn under such Letter of Credit (except as to documentary Letters of Credit, for which Letter of Credit Fees will be paid at a rate equal to 50% of the Letter of Credit Usage duringFee Rate), such fee to be payable in arrears on each Payment Date, on the immediately preceding month.Revolving Facility Termination Date and, after the Revolving Facility Termination Date (if applicable), on demand. The Company shall also pay to each Issuer for its own account # a fronting fee in the amount agreed to by such Issuer and the Company from time to time, with such fee to be payable in arrears on each Payment Date, and # documentary and processing charges in connection with the issuance or Modification of and draws under Letters of Credit in accordance with such Issuer’s standard schedule for such charges as in effect from time to time.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

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.