FairPoint Communications 2004 Annual Report Download - page 229

(b) The Borrower agrees to pay to the Administrative Agent a commitment commission (the “ DDTF Commitment Commission” and,
together with the RF Commitment Commission, the “ Commitment Commission”) for the account of each Lender with a Delayed-Draw B Term Commitment
that is a Non-Defaulting Lender for the period from and including the Effective Date to but not including the date upon which the Total Delayed-Draw B Term
Commitment has been terminated, computed for each day at the rate per annum equal to 0.50% for such day on the Delayed-Draw B Term Commitment of
such Lender on such day. Such DDTF Commitment Commission shall be due and payable in arrears on the last Business Day of each calendar quarter and
on the date upon which the Total Delayed-Draw B Term Commitment is terminated.
(c) So long as any Letter of Credit is outstanding and has not been fully collateralized pursuant to Section 3.02(A)(a) and/or Section
8, the Borrower agrees to pay to the Administrative Agent, for the account of each Non-Defaulting Lender, pro rata on the basis of their respective Percentages,
a fee in respect of each Letter of Credit (the “ Letter of Credit Fee”) computed for each day at a per annum rate equal to the Applicable Eurodollar Margin for RF
Loans on such day multiplied by the Stated Amount of all Letters of Credit outstanding on such day ( less any amount thereof as to which Section 1A.01(c)
Arrangements are in place). Accrued Letter of Credit Fees shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter.
(d) So long as any Letter of Credit is outstanding and has not been fully collateralized pursuant to Section 3.02(A)(a) and/or Section
8, the Borrower agrees to pay to the respective Letter of Credit Issuer a fee in respect of each Letter of Credit issued by it (the “ Facing Fee”) computed for each
day at the rate of 0.125% per annum on the Stated Amount of all such Letters of Credit outstanding on such day, provided that there will be a minimum
Facing Fee per year for each Letter of Credit of $500 (which is not an additional fee). Accrued Facing Fees shall be due and payable quarterly in arrears on the
last Business Day of each calendar quarter.
(e) The Borrower agrees to pay directly to the respective Letter of Credit Issuer upon each issuance of, payment under, and/or
amendment of, a Letter of Credit such amount, if any, as shall at the time of such issuance, payment or amendment be the administrative charge which such
Letter of Credit Issuer is customarily charging for issuances of, payments under or amendments of, letters of credit issued by it.
(f) The Borrower shall pay to (x) each Agent on the Initial Borrowing Date, for its own account and/or for distribution to the
Lenders, such fees as heretofore agreed by the Borrower and the Agents and (y) the Administrative Agent, for its own account, such other fees as agreed to
between the Borrower and the Administrative Agent, when and as due.
(g) The Borrower shall pay to the Administrative Agent for distribution to each Incremental B Term Lender such fees and other
amounts, if any, as are specified in the relevant Incremental B Term Commitment Agreement, with such fees and other amounts, if any, to be payable on the
respective Incremental B Term Loan Borrowing Date.
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