Letter of Credit Fees definition

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

Letter of Credit Fees means the fees payable in respect of Letters of Credit pursuant to Section 2.13.

Letter of Credit Fees means the fees payable in respect of Letters of Credit pursuant to Section 2.21.

Examples of Letter of Credit Fees in a sentence

• Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

• The Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender, in accordance with its Applicable Percentage, in Dollars, a Letter of Credit fee (a “Performance Letter of Credit Fee”) for each Performance Letter of Credit issued under the Revolving Credit Facility equal to the Applicable Rate for the Performance Letter of Credit Fees times the Dollar Equivalent of the daily amount available to be drawn under such Performance Letter of Credit.

• Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.

• Borrowers agree that upon the coming due of any Reimbursement Obligations (or any other Obligations, including Obligations for Letter of Credit Fees) with respect to the Letters of Credit, Agent may use such Cash Collateral to pay and satisfy such Obligations.

• Upon and after the occurrence of an Event of Default, and during the continuation thereof, at the direction of Required Lenders (or, in the case of any Event of Default under Section 10.7, immediately and automatically upon the occurrence of any such Event of Default without the requirement of any affirmative action by any party), the Letter of Credit Fees described in clause (x) of this Section 3.2(a) shall be increased by an additional two percent (2.00%) per annum.

More Definitions of Letter of Credit Fees

Letter of Credit Fees means as defined in Section 2.10(b)(i).

Letter of Credit Fees has the meaning set forth in Section 5.3(a).

Letter of Credit Fees means the fees payable in connection with Letters of Credit pursuant to Section 3.4(a) and (b) hereof.

Letter of Credit Fees has the meaning specified therefor in Section 2.06(c).

Letter of Credit Fees means the fees payable to Agent for the accounts of the Banks in connection with Letters of Credit pursuant to Section 3.4 hereof.

Letter of Credit Fees has the meaning assigned to such term in Section 2.12.

Letter of Credit Fees means the fees payable in respect of Letters of Credit pursuant to Section 2.14.