LC Fee definition

LC Fee is defined in Section 2.19.4.

LC Fee has the meaning specified in Section 2.05(c).

LC Fee shall have the meaning assigned to such term in Section 2.9(b).

Examples of LC Fee in a sentence

• The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (subject to Section 2.13(g)(iii)), a letter of credit fee at a rate per annum equal to the LC Fee Rate on such Xxxxxx’s Pro Rata Share of the undrawn stated amount of all Facility LCs outstanding from time to time, payable in arrears on the last day of each March, June, September and December and on the Final Termination Date (and, if applicable, thereafter on demand).

• New term of 5 years at lower interest rate.a - Letter of credit fee = (principal bal + 45 days interest)*2% L/C Fee and .25% L/C Fronting Fee.

• The Company shall pay (or cause to be paid) the fees payable to the L/C Tranche Lenders and the Issuing Lenders, as applicable, set forth in the L/C Fee Letter.

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit issued by such Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the relevant issuance date.

• In addition, if the stated amount of any Letter of Credit is increased, the Borrower agrees to pay to the Administrative Agent for the account of each Lender the L/C Fee on the amount of the increase, which fee shall be due and payable on the date of the increase.

More Definitions of LC Fee

LC Fee means any of the fees payable pursuant to Section 2.11(b) or Section 2.11(c) in respect of Letters of Credit.

LC Fee is defined in Section 2.10(b).

LC Fee has the meaning specified in Section 3.4(b).

LC Fee see Section 3.4.

LC Fee means any of the fees payable pursuant to Section 2.14(b) or (c) in respect of Letters of Credit.

LC Fee means any of the fees payable pursuant to Section 2.13(b) or Section 2.13(c) in respect of Letters of Credit.

LC Fee means any of the fees payable pursuant to Section 2.10(b) or Section 2.10(c) in respect of Letters of Credit.