Standby LC Fee definition

Standby LC Fee. As defined in Section 2.19(d).
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Standby LC Fee is defined in Section 5.4.
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Standby LC Fee means the percentage set forth below opposite the applicable ratio:
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Examples of Standby LC Fee in a sentence

  • The Standby L/C Fee provided for in this subsection shall be payable quarterly in arrears on the last day of each fiscal quarter, commencing September 30, 1997, and on the Revolving Credit Termination Date.

  • The Advisory Fee, the Drawing Fee, the Standby L/C Fee, the Transactional Fees, the Acceptance Fee, the Collateral Fees and the Examination Fees are hereinafter sometimes referred to individually as a "FEE" and collectively as the "FEES".

  • After an Event of Default has been cured or waived, the interest rate applicable to advances and the Standby LC Fee shall revert to the rates applicable prior to the occurrence of an Event of Default.

  • Upon the execution and delivery by the Borrower of an Application for a Standby L/C, the Borrower shall pay to the Issuing Bank, for the ratable benefit of the Banks, an issuance fee (the 'Standby L/C Fee') computed at the rate of three (3%) percent per annum on the face amount of the requested Standby L/C payable quarterly in advance on the applicable Monthly Dates.

  • The Advisory Fee, the Drawing Fee, the Standby L/C Fee, the Transactional Fees, the Acceptance Fee, the Collateral Fees and the Examination Fees are hereinafter sometimes referred to individually as a 'Fee' and collectively as the 'Fees'.

  • The Standby LC Fee for each such Letter of Credit shall be payable in advance on its issuance date and on the first day of each calendar quarter beginning thereafter while it is outstanding.

  • The Advisory Fee, the Unused Commitment Fee, the Drawing Fee, the Standby L/C Fee, the Transactional Fees, the Acceptance Fee, the Collateral Fees, the Examination Fees, the Administrative Fee and the Early Termination Fee are hereinafter sometimes referred to individually as a "Fee" and collectively as the "Fees".

  • This EVMT is applicable to any work package that comprises a predefined number of similar tasks.

  • Borrower shall pay a Standby LC Fee with respect to each Letter of Credit from the date of issuance through the date of expiration, draw or other termination, at the Standby LC Fee rate on the amount of each Letter of Credit.

  • Upon the execution and delivery by the Borrower of an Application for a Standby L/C, the Borrower shall pay to the Issuing Bank, for the ratable benefit of the Lenders, an issuance fee (the "Standby L/C Fee") computed at the rate of one and one-half percent (1-1/2%) per annum on the face amount of the requested Standby L/C payable quarterly in advance on the applicable Monthly Dates.


More Definitions of Standby LC Fee

Standby LC Fee means the percentage set forth below opposite the applicable ratio: Consolidated Total Funded Debt to Consolidated EBITDA Standby LC Fee (360 Day Basis) Greater than or equal to 3.00:1.00 1.25% Greater than or equal to 2.50:1.00 and less than 3.00:1.00 1.00% Greater than or equal to 2.00:1.00 and less than 2.50:1.00 0.875% Greater than or equal to 1.50:1.00 and less than 2.00:1.00 0.75% Greater than or equal to 1.00:1.00 and less than 1.50:1.00 0.625% Less than 1.00:1.00 0.50% Notwithstanding the foregoing, during the period commencing on the Closing Date and ending on the tenth (10th) Business Day following the date of delivery of the financial statements to the Administrative Agent for the fiscal quarter ended March 31, 2006, the Standby LC Fee shall be 0.75% per annum. The Standby LC Fee will be set or reset quarterly on the date which is ten (10) Business Days following the date of receipt by the Administrative Agent of the financial statements referred to in Section 6.03(a) or Section 6.03(b) hereof, as applicable, together with a certificate of the Chief Financial Officer of the Company certifying the ratio of Consolidated Total Funded Debt to Consolidated EBITDA and setting forth the calculation thereof in detail; provided, however, if any such financial statement and certificate are not received by the Administrative Agent within the time period required pursuant to Section 6.03(a) or Section 6.03(b) hereof, as the case may be, the Standby LC Fee will be set or reset, unless the rate of interest specified in Section 3.01(c) hereof is in effect solely due to the failure of the Company to comply with Section 6.03(a) or 6.03(b) hereof, based on a ratio of Consolidated Total Funded Debt to Consolidated EBITDA of greater than or equal to 3.00:1.00 from the date such financial statement and certificate were due until the date which is ten (10) Business Days following the receipt by the Administrative Agent of such financial statement and certificate, and provided, further, that the Lenders shall not in any way be deemed to have waived any Default or Event of Default, including, without limitation, an Event of Default resulting from the failure of the Company to comply with Section 7.13 of this Agreement, or any rights or remedies hereunder or under any other Loan Document in connection with the foregoing proviso. During the occurrence and continuance of an Event of Default, no downward adjustment, and only upward adjustments, shall be made to the Standby...
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Standby LC Fee is defined in Section 2.10(b).
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Standby LC Fee means one and one-quarter (1.25%) percent per annum.
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Related to Standby LC Fee

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of the Company, on behalf of the Company or any Subsidiary thereof in respect of obligations of the Company or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which the Company or such Subsidiary is or proposes to become a party in the ordinary course of the Company's or such Subsidiary's business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Standby Fee has the meaning defined in Section 2.7.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Standby LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all standby Letters of Credit outstanding at such time plus (b) the aggregate amount of all LC Disbursements relating to standby Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Standby LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Standby LC Exposure at such time.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

  • LC Fee is defined in Section 2.19.4.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(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.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • 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 Fees shall have the meaning set forth in Section 3.2.

  • Applicable Letter of Credit Fee Rate means 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.”

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by any Group Member in the ordinary course of its business.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Letter of Credit Limit means $5,000,000.

  • Facility LC Application is defined in Section 2.19.3.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.