LC Fee Expectation definition

LC Fee Expectation has the meaning set forth in Section 3.05(c).
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LC Fee Expectation has the meaning set forth in Section 1.15(c) of the Agreement.
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LC Fee Expectation. As defined in Section 1.6(j).
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More Definitions of LC Fee Expectation

LC Fee Expectation has the meaning set forth in Section 1.15(c) of the Agreement. “LC Participant” means each Person listed as such for each Group as set forth on the signature pages of this Agreement or in any Assumption Agreement or Transfer Supplement.
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LC Fee Expectation has the meaning set forth in Section 1.16(c). “LC Participant” means each financial institution that is a party to this Agreement, as a LC Participant, or that becomes a party to this Agreement, as a LC Participant pursuant to an Assumption Agreement or otherwise. “LC Participation Amount” means, at any time, the then Dollar Equivalent of the sum of the undrawn amounts of all outstanding Letters of Credits. “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller pursuant to this Agreement. “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement. “Liquidity Agreement” means any agreement entered into in connection with this Agreement pursuant to which a Liquidity Provider agrees to make purchases or advances to, or purchase assets from, any Conduit Purchaser in order to provide liquidity for such Conduit Purchaser’s Purchases. “Liquidity Provider” means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement. “Loss Reserve” means, on any day, an amount equal to (a) the sum of (i) the Aggregate Capital plus (ii) the Adjusted LC Participation Amount multiplied by (b) the Loss Reserve Percentage on such date.
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LC Fee Expectation has the meaning set forth in Section 3.05(b). “LC Request” means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the LC Bank pursuant to Section 3.02(a).
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LC Fee Expectation has the meaning set forth in Section 1.16(c) of this Agreement. “LC Participant” has the meaning set forth in the preamble to this Agreement. “LC Participation Amount” means, at any time, the then aggregate undrawn face amount of all outstanding Letters of Credit. “LCR Security” means any commercial paper or security (other than equity securities issued to Xxxxxx Tire or any Originator that is a consolidated subsidiary of Xxxxxx Tire under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014). “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller (or for the account of an Originator or any of its Subsidiaries, as applicable) pursuant to this Agreement. “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement. “LIBOR” means LMIR or the Euro-Rate, as applicable.
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Related to LC Fee Expectation

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Commitment Fee Rate means:

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • Facility Fees has the meaning provided in Section 2.11(a).