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 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 Business 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.

Examples of L/C Fee Payment Date in a sentence

  • In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee of 0.125% per annum (or such lesser amount as may be agreed in writing by the Borrower the applicable 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 issuance date of such Letter of Credit.


More Definitions of L/C Fee Payment Date

L/C Fee Payment Date the last day of each March, June, September and December.
L/C Fee Payment Date means the first Business Day of each of January, April, July and October and the last day of the Revolving Credit Commitment Period.
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.
L/C Fee Payment Date the last day of each March, June, September and December and the Revolving Credit Termination Date.
L/C Fee Payment Date the last Business Day of each March, June, September and December.
L/C Fee Payment Date shall have the meaning assigned to such term in Section 2.05(c).
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).