Canadian Fronting Fee definition

Canadian Fronting Fee has the meaning specified in Section 2.6.
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Canadian Fronting Fee as defined in Section 2.6(a) of the Agreement.
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Canadian Fronting Fee has the meaning set forth in Section 2.6 hereof. Canadian Lender -an Affiliate of Fleet National Bank that is not a non-resident of Canada for purposes of the ITA to be selected by Agent, in its capacity as the Person obligated to make Canadian Revolving Credit Loans to Canadian Borrower hereunder, together with its successors and permitted assigns. Canadian LC Amount - at any time, the Dollar Equivalent of the aggregate undrawn available amount of all Canadian Letters of Credit and Canadian LC Guaranties (without duplication) then outstanding. Canadian LC Guaranty - any guaranty pursuant to which Canadian Agent or Canadian Lender or any Affiliate of Canadian Agent or Canadian Lender shall guaranty the payment or performance by Canadian Borrower or any other Canadian Loan Party of their reimbursement obligation under any letter of credit. Canadian LC Obligations - any Canadian LC Amount plus any Obligations that arise from any draw against any Canadian Letter of Credit or against any letter of credit supported by a Canadian LC Guaranty. Canadian Letter of Credit - any standby or documentary letter of credit or guaranties or bonds issued by Canadian Agent or any Affiliate of Canadian Agent for the account of any Canadian Borrower or any other Canadian Loan Party. Canadian Loan Parties - any Loan Party that is incorporated or organized under the laws of Canada or any province thereof.
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Examples of Canadian Fronting Fee in a sentence

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More Definitions of Canadian Fronting Fee

Canadian Fronting Fee shall have the meaning specified in Section 3.3(b).
Sample 1
Canadian Fronting Fee has the meaning set forth in Section 2.6 hereof. Canadian Lender–an Affiliate of Bank of America, N.A. that is not a non-resident of Canada for purposes of the ITA to be selected by Agent, in its capacity as the Person obligated to make Canadian Revolving Credit Loans to Canadian Borrower hereunder, together with its successors and permitted assigns. Canadian LC Amount– at any time, the Dollar Equivalent of the aggregate undrawn available amount of all Canadian Letters of Credit and Canadian LC Guaranties (without duplication) then outstanding. Canadian LC Guaranty– any guaranty pursuant to which Canadian Agent or Canadian Lender or any Affiliate of Canadian Agent or Canadian Lender shall guaranty the payment or performance by Canadian Borrower or any other Canadian Loan Party of their reimbursement obligation under any letter of credit. Canadian LC Obligations– any Canadian LC Amount plus any Obligations that arise from any draw against any Canadian Letter of Credit or against any letter of credit supported by a Canadian LC Guaranty. Canadian Lender– Bank of America, N.A. (acting through its Canadian branch), together with its successors and permitted assigns. Canadian Letter of Credit– any standby or documentary letter of credit or guaranties or bonds issued by Canadian Agent or any Affiliate of Canadian Agent for the account of any Canadian Borrower or any other Canadian Loan Party. Canadian Loan Parties– any Loan Party that is incorporated or organized under the laws of Canada or any province thereof.
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Related to Canadian Fronting Fee

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • LC Fee is defined in Section 2.19.4.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Dollar LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Applicable Fronting Exposure means, with respect to any Person that is an Issuing Bank at any time, the sum of (a) the aggregate amount of all Letters of Credit issued by such Person in its capacity as an Issuing Bank (if applicable) that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements made by such Person in its capacity as an Issuing Bank (if applicable) that have not yet been reimbursed by or on behalf of the Borrower at such time.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • LC means Letter of Credit