L/C Fees definition

L/C Fees means, with respect to an L/C, the amount calculated by multiplying (a) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6(a) by (b) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.
L/C Fees has the meaning set forth in Section 3.4(c).
L/C Fees means the Revolving A L/C Fee and the Revolving B L/C Fee.

Examples of L/C 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 L/C Fees shall accrue at the Default Rate.

All computations of Commitment Fees, LC Fees and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

L/C 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 L/C Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.

Interest, commitment fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year.

Interest on Eurodollar Advances, LC Fees and all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year.


More Definitions of L/C Fees

L/C Fees means the fees payable pursuant to Section 2.11(b).
L/C Fees the fees and commissions specified in Subsection 3.3.
L/C Fees has the meaning set forth in Section 3.10(b).
L/C Fees the fees specified in Subsection 3.3.
L/C Fees the fees and commissions defined in Section 3.3.
L/C Fees shall have the meaning ascribed to that term in Section 3.2(b).