L/C Commission Rate definition
L/C Commission Rate means a letter of credit commission rate of 1.75 per cent. per annum.
L/C Commission Rate means the rate per annum determined in accordance with Clause 17.1 (Letter of Credit Commission) or Schedule 9 (Pricing Schedule), as the case may be.
L/C Commission Rate means, for any date, the rates set forth below in the row opposite such term and in the column corresponding to the Pricing Level that applies at such date: =============================================================================================================== Level I Level II Level III Level IV Level V --------------------------------------------------------------------------------------------------------------- L/C Commission Rate 0.50 per cent. 0.55 per cent. 0.60 per cent. 0.62.5 per cent 0.65 per cent. =============================================================================================================== For purposes of this Schedule 9, the following Pricing Levels have the following meanings: "Level I" applies at any date if, at such date, the Guarantor's Financial Strength Rating is rated AA- or higher by S&P. "Level II" applies at any date if, at such date, the Guarantor's Financial Strength Rating is rated A+ by S&P. "Level III" applies at any date if, at such date, the Guarantor's Financial Strength Rating is rated A by S&P.
More Definitions of L/C Commission Rate
L/C Commission Rate two percent (2.00%) per annum.
L/C Commission Rate. Three-quarters of one percent (.75%) per annum.
L/C Commission Rate means, at any time, a letter of credit commission rate per annum determined in accordance with Clause 5.4.1 (Applicable Margin and L/C Commission Rate).
L/C Commission Rate. 1.00% per annum, less the Margin Reduction Percentage ------------------- ---- in effect from time to time.
L/C Commission Rate means 1.625 per cent per annum;
L/C Commission Rate means a letter of credit commission rate of 35 p▇▇▇▇ per (pound)100 for the first 3 months of the letter of credit and 12 p▇▇▇▇ per (pound)100 thereafter.
L/C Commission Rate means, from time to time, a letter of credit commission equal to the Applicable Revolving Margin at that time.