Letter of Credit Fees, Interest Rate Sample Clauses
The "Letter of Credit Fees, Interest Rate" clause defines the financial charges and interest rates applicable to letters of credit issued under an agreement. It typically specifies the percentage fees charged for opening, maintaining, or drawing on a letter of credit, as well as the interest rate applied to any outstanding amounts related to the letter of credit. For example, the clause may state that a fee is charged annually based on the undrawn amount, and that any overdue payments accrue interest at a specified rate. This clause ensures both parties are aware of the costs involved, thereby preventing disputes and clarifying the financial obligations associated with the use of letters of credit.
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Letter of Credit Fees, Interest Rate the Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section
3.1 [Interest Rate Options], respectively, shall be increased by two percent (2.0%) per annum, each Borrowing Tranche to which the Euro-Rate Option applies shall automatically convert to the Base Rate Option at the end of the applicable Interest Period and no Loans may be made as, renewed or converted into a Borrowing Tranche to which the Euro-Rate Option applies;
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum;
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest borne by each Loan shall equal the sum of (i) the interest rate per annum applicable under the Base Rate Option plus (ii) 2.0% per annum; and
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 or Section 3.1, respectively, shall at the request of the Administrative Agent be increased, by 2.0% per annum; and
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.8(b) or Section 4.1, respectively, shall be increased by 2.0% per annum (provided that solely with respect to an Event of Default under Section 10.1(a), such increase shall only be applicable to any past due amounts);
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 4.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Revolving Credit Base Rate Option plus an additional 2.0% per annum; and
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.18(c) [Letter of Credit Fees] or Section
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.5.2 [Letter of Credit Fees] or Section 4.1 [Interest Rate Options], respectively, shall be increased either: (i) in the case of Letter of Credit Fees, if so directed by the Required Lenders, by 2.00% per annum; or (ii) in the case of each Loan, by an amount equal to the sum of (a) the excess, if any, of (x) the highest Applicable Margin set forth in Schedule 1.1(A) [Pricing Grid] with respect to Loans accruing interest based on the Base Rate Option, over (y) the existing Applicable Margin for such Loan, expressed as a percentage per annum, plus (b) if so directed by the Required Lenders, 2.00% per annum;
Letter of Credit Fees, Interest Rate. The Letter of Credit Fees shall be increased by 2.0% per annum above the Letter of Credit Fees applicable pursuant to Section 2.9.2 [Letter of Credit Fees], and the rate of interest for each Revolving Credit Loan shall bear interest at 2.0% above the Base Rate pricing option otherwise applicable pursuant to Section 4.1 [Interest Rate Options].
Letter of Credit Fees, Interest Rate the Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section Error! Reference source not found. [Letter of Credit Fees] or Section
4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum; and