L/C Fees has the meaning set forth in Section 3.4(c).
L/C Fees the fees and commissions specified in Subsection 3.3.
L/C Fees means, with respect to an L/C, the amount calculated by multiplying (i) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6 by (ii) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.
Examples of L/C Fees in a sentence
Payment of L/C Fees and the fronting fee applicable to L/Cs shall be made to the Agent at the Branch of Account for the account of the Lenders (other than the fronting fee under Section 2.7.5, which shall be solely for the Issuing Bank’s account).
The Borrowers shall pay L/C Fees and the fronting fee applicable to L/Cs quarterly, in arrears, on each L/C Payment Date and in accordance with Section 5.23.
More Definitions of L/C Fees
L/C Fees means the fees payable pursuant to Section 2.11(b).
L/C Fees means the Revolving A L/C Fee and the Revolving X X/C Fee.
L/C Fees as defined in subsection 3.3.
L/C Fees means, with respect to an L/C, the amount calculated by multiplying (a) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6(a) by (b) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.
L/C Fees means, in respect of any Letter of Credit, all administrative fees that shall have been negotiated between the applicable L/C Issuer and the Transferor in respect of such Letter of Credit. Unless otherwise agreed by the Agent, accrued and unpaid L/C Fees shall be due and payable on the last day of each calendar month or, if in any case such day is not a Business Day, the next following day that is a Business Day; provided that L/C Fees constituting upfront or issuance fees may be paid on the date of issuance of the related Letter of Credit.
L/C Fees means the Revolving A L/C Fee and the Revolving B L/C Fee.