FL » Topics » Fees

This excerpt taken from the FL 8-K filed May 21, 2008.
Fees. The Company shall pay to the Administrative Agent, for the account of the Banks ratably in accordance with their respective Pro Rata Shares, a letter of credit fee for each day at the LC Fee Rate on the aggregate amount available for drawings (whether or not conditions for drawing thereunder have been satisfied) under all Letters of Credit outstanding on such day. Such letter of credit fee shall be payable quarterly in arrears on the last Domestic Business Day of each June, September, December and March and on the LC Termination Date (or any earlier date on which the Commitments shall have terminated in their entirety and no Letters of Credit are outstanding). Promptly upon receiving any payment of such fee, the Administrative Agent will distribute to each Bank its Pro Rata Share thereof. In addition, the Company shall pay to each LC Agent for its own account fronting fees and reasonable expenses in the amounts and at the times agreed between the Company and such LC Agent.

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