L/C Fee Payment Date definition

L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Commitment Period.

L/C Fee Payment Date as defined in Section 3.3(a).

L/C Fee Payment Date with respect to any Letter of Credit, the last day of each March, June, September and December to occur after the date of issuance thereof to and including the first such day to occur on or after the date of expiry thereof; provided that if any L/C Fee Payment Date would otherwise occur on a day that is not a Business Day, such L/C Fee Payment Date shall be the immediately preceding Business Day.

Examples of L/C Fee Payment Date in a sentence

• Such fee shall be nonrefundable and shall be payable quarterly in arrears on each L/C Fee Payment Date.

• Such commission shall be payable quarterly in arrears on each L/C Fee Payment Date.

• In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee on the undrawn and unexpired amount of each Letter of Credit computed at the rate of 0.125% per annum and payable quarterly in arrears on each L/C Fee Payment Date.

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date.

• For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.3. Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the L/C Fee Payment Date, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand.

More Definitions of L/C Fee Payment Date

L/C Fee Payment Date means each of the first Business Day of each January, April, July and October (as well as on the Maturity Date).

L/C Fee Payment Date means the last day of each March, June, September and December and the Termination Date.

L/C Fee Payment Date the last Business Day of each March, June, September and December.

L/C Fee Payment Date the third Business Day after the last day of each March, June, September and December and the last day of the Revolving Commitment Period.

L/C Fee Payment Date shall have the meaning assigned to such term in Section 2.05(c).

L/C Fee Payment Date with respect to any Letter of Credit, (a) the last day of each March, June, September and December occurring after the date of issuance thereof and prior to the expiration thereof and (b) if such Letter of Credit is outstanding on such day, the last day of the Revolving Credit Commitment Period.

L/C Fee Payment Date with respect to any Revolving Credit Facility, the last day of each March, June, September and December and the last day of the Revolving Commitment Period for any Revolving Commitments under such Revolving Credit Facility.