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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Letter of Credit
Participation Fee”) with
respect to the Letters of Credit during the period commencing on the Effective
Date and ending on the Commitment Termination Date or, if later, the date when
the Letter of Credit Exposure of all Lenders is $0, payable quarterly in arrears
on the last day of each March, June, September and December of each year,
commencing on the last day of the calendar quarter in which the Effective Date
shall have occurred, and on the last date of such period, at a rate per annum
equal to the Applicable Margin of the average daily aggregate amount which
may
be drawn under the Letters of Credit during such period (whether or not the
conditions for drawing thereunder have or may be satisfied) multiplied by such
Lender’s Commitment Percentage. The Letter of Credit Participation Fee shall be
computed on the basis of a 360-day year for the actual number of days
elapsed.
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