LC Fee Margin definition

LC Fee Margin means, for any day, a rate per annum calculated in accordance with the Pricing Grid attached hereto as Annex I.
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Examples of LC Fee Margin in a sentence

  • Each applicable Borrower shall pay to the Agent for the account of each Bank a Letter of Credit fee for each standby Letter of Credit equal to the Applicable L/C Fee Margin for standby Letters of Credit times the daily amount available to be drawn under such standby Letter of Credit.

  • The Applicable Reference Rate Margin, the Applicable LIBOR Margin and the Applicable L/C Fee Margin will be zero percent (0.0%), one and one-quarter percent (1.25%) and one and one quarter percent (1.25%), respectively as of the Amendment Effective Date.

  • The Applicable Reference Rate Margin, the Applicable LIBOR Margin and the Applicable L/C Fee Margin will be one-quarter of one percent (0.25%), one and three-quarters percent (1.75%) and one and three-quarters percent (1.75%), respectively, as of the Closing Date.

  • For each day for which Lender maintains Letter of Credit Obligations outstanding, an amount equal to the amount of the Letter of Credit Obligations outstanding on such day, multiplied by the L/C Fee Margin, the product of which is then divided by 360.

Related to LC Fee Margin

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.