L/C Fee Payment Date definition

L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

L/C Fee Payment Date as defined in Section 3.3(a).

L/C Fee Payment Date with respect to any Letter of Credit, the last day of each March, June, September and December to occur after the date of issuance thereof to and including the first such day to occur on or after the date of expiry thereof; provided that if any L/C Fee Payment Date would otherwise occur on a day that is not a Business Day, such L/C Fee Payment Date shall be the immediately preceding Business Day.

Examples of L/C Fee Payment Date in a sentence

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee with respect to each Letter of Credit at a per annum rate of 0.125% or a lower rate separately agreed between the Borrower and such Issuing Lender 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.

• Such fee shall be nonrefundable and shall be payable quarterly in arrears on each L/C Fee Payment Date.

• Such commission shall be payable quarterly in arrears on each L/C Fee Payment Date.

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date.

• Such commissions and fronting fees shall be payable in arrears on each L/C Fee Payment Date and shall be nonrefundable.

More Definitions of L/C Fee Payment Date

L/C Fee Payment Date the last Business Day of each March, June, September and December.

L/C Fee Payment Date means each of the first Business Day of each January, April, July and October (as well as on the Maturity Date).

L/C Fee Payment Date means (a) while the L/C Commitment remains in effect, the last day of each March, June, September and December, commencing on March 31, 2021, and (b) the Termination Date.

L/C Fee Payment Date the third Business Day after the last day of each March, June, September and December and the last day of the Revolving Commitment Period.

L/C Fee Payment Date shall have the meaning assigned to such term in Section 2.05(c).

L/C Fee Payment Date with respect to any Revolving Credit Facility, the last day of each March, June, September and December and the last day of the Revolving Commitment Period for any Revolving Commitments under such Revolving Credit Facility.

L/C Fee Payment Date. (a) the fifth day after the first Business Day of each January, April, July and October (or, if such day is not on a Business Day, the next succeeding Business Day) and (b) the expiration date of the last outstanding Post-Termination LOC.