LC Premium definition

LC Premium means, for any Letter of Credit on its date of issuance and on each date, if any, on which its expiry date is extended, the excess, if any, of the rate at which the LC Fee (under and as defined in the Co-Agents' Fee Letter) is then being computed over the rate at which the Usage Fee (under and as defined in the Co-Agents' Fee Letter) is being computed.
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Related to LC Premium

  • LC Payment Date is defined in Section 2.20.5.

  • LC Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.