Fronting Fee Rate definition

Fronting Fee Rate means an amount equal to 0.125% per annum.
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Fronting Fee Rate means the per annum fee to be charged by a Fronting Lender for the issuance of a Fronted Letter of Credit by such Fronting Lender as agreed to from time to time between such Fronting Lender and the Borrower;
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Fronting Fee Rate means 0.125%.
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Examples of Fronting Fee Rate in a sentence

  • In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “L/C Fronting Fee”).

  • In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  • Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (the “Fronting Fee”) for each Performance Letter of Credit and each Financial Letter of Credit equal to the Fronting Fee Rate times the daily maximum amount available to be drawn under such Letter of Credit (including all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or not such increases have taken effect at such time).

  • Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee (the "Fronting Fee") for each Performance Letter of Credit and each Financial Letter of Credit equal to the Fronting Fee Rate times the daily maximum amount available to be drawn under such Letter of Credit (including all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or not such increases have taken effect at such time).

  • With effect on and from the execution of this Agreement, the L/C Commitment of each Issuing Lender shall be as follows: [(h) L/C Fronting Fee Rate.

  • The Borrower agrees to pay to the Fronting Lender a fronting fee on the actual daily amount of the Commitment of the Fronting Lender (the "FRONTING FEE") from the date hereof until the Revolving Credit Termination Date at the Fronting Fee Rate, payable in arrears (i) on the last Business Day of each calendar month, commencing on the second such Business Day following the Closing Date and (ii) on the Revolving Credit Termination Date.

  • In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting |US-DOCS\115543490.9|| fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “L/C Fronting Fee”).

  • The L/C Fronting Fee Rate for each New Loan Commitment shall mean, as of any date of determination, a percentage per annum as set forth below: 21 To be added only if the Borrowing Minimum is to be different to that specified in the Credit Agreement.


More Definitions of Fronting Fee Rate

Fronting Fee Rate means, for any period, an annual rate equal to the greater of (a) 0.1% per annum and (b)(i) if positive, the difference between the Adjusted CD Rate for such period and the Eurodollar Rate for such period and (ii) otherwise, zero.
Sample 1
Fronting Fee Rate means a rate per annum separately agreed to between the Borrower and the relevant Issuing Bank.
Sample 1
Fronting Fee Rate means with respect to any Fronted Letter of Credit, the per annum fee, not to exceed fifteen (15) Basis Points, agreed to by the Fronting Lender and the Borrowers at the time of the issuance of the first Fronted Letter of Credit issued by such Fronting Lender.
Sample 1

Related to Fronting Fee Rate

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

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

  • Unused Fee Rate means 0.50% per annum.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Program Fee Rate has the meaning set forth in the Fee Letter.

  • 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.

  • L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

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

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Applicable Letter of Credit Fee Rate means, at any time, with respect to Letters of Credit, the percentage rate per annum which is applicable at such time as set forth in the Pricing Schedule.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Rate means:

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • 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.

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Insurance Fee Rate With respect to each Mortgage Loan insured by an Insurance Policy paid for by the lender, the per annum rate specified in the Mortgage Loan Schedule.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Expense Fee Rate As to each Mortgage Loan, the sum of (a) the related Servicing Fee Rate and (b) the Trustee Fee Rate.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.