LC Fee Rate definition

LC Fee Rate means, at any date, a rate per annum equal to the Euro-Dollar Margin at such date.

LC Fee Rate see Schedule I.

LC Fee Rate has the meaning set forth in the Pricing Schedule.

Examples of LC Fee Rate in a sentence

• The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (subject to Section 2.13(g)(iii)), a letter of credit fee at a rate per annum equal to the LC Fee Rate on such Xxxxxx’s Pro Rata Share of the undrawn stated amount of all Facility LCs outstanding from time to time, payable in arrears on the last day of each March, June, September and December and on the Final Termination Date (and, if applicable, thereafter on demand).

• The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (subject to Section 2.13(g)(iii)), a letter of credit fee at a rate per annum equal to the LC Fee Rate on such Lender’s Pro Rata Share of the undrawn stated amount of all Facility LCs outstanding from time to time, payable in arrears on the last day of each March, June, September and December and on the Final Termination Date (and, if applicable, thereafter on demand).

• Borrower shall pay to Agent, for the ratable benefit of the Lenders as provided in clause (v) of Subparagraph 2.09(a), nonrefundable Letter of Credit fees for the Letters of Credit (the "LC Usage Fees") equal to the LC Fee Rate on the daily average undrawn amount of each Letter of Credit for the period beginning on the date such Letter of Credit is issued and ending on the date such Letter of Credit expires.

• The Applicable Margin, the Facility Fee Rate, the Utilization Fee Rate and the LC Fee Rate shall be determined separately for each Borrower in accordance with the foregoing table based on the Status for such Borrower.

• The LC Fee Rate shall be determined as provided in the Pricing Grid in accordance with whether such Letter of Credit is a Financial Performance Letter of Credit or a Non-Financial Performance Letter of Credit, and may change as provided in the Pricing Grid.

More Definitions of LC Fee Rate

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

LC Fee Rate means, at any time for any Borrower, the "LC Fee Rate" applicable for such Borrower at such time in accordance with the provisions of the Pricing Schedule.

LC Fee Rate has the meaning given to such term in Schedule 1.1.

LC Fee Rate means, with respect to Letters of Credit, the per annum rate which is determined pursuant to the Pricing Grid and used to calculate the LC Usage Fees.

LC Fee Rate means a rate per annum determined in accordance with Schedule 1B.

LC Fee Rate has the meaning set forth in Section 2.11.

LC Fee Rate means, as of any date of determination, the Applicable Margin for Eurodollar Loans as of such date.