Letter of Credit Commission means that as set forth in Section 2.07 hereof.

Letter of Credit Commission means that as set forth in Section 2.06 hereof.

Letter of Credit Commission means the letter of credit commission described in Clause 17.1 (Letter of Credit Commission).

Examples of Letter of Credit Commission in a sentence

The Company agrees to pay to the Administrative Agent for account of each Bank a letter of credit fee with respect to Letters of Credit, which shall accrue at the Applicable Letter of Credit Commission on the average daily aggregate undrawn amount of all outstanding Letters of Credit during the period from and including the Effective Date to but excluding the later of the date on which such Bank’s Commitment terminates and the date on which such Bank ceases to have any LC Exposure.
In most developed countries there are complete, accu- rate ﬂood risk maps that identify ﬂood-prone areas and classify them according to their return period.
The Letter of Credit Commission shall be payable quarterly in arrears beginning on January 1, 2020, and continuing on the first day of each fiscal quarter thereafter and on the Final LC Expiration Date.
The Letter of Credit Commission shall be payable quarterly in arrears beginning on March 31, 2011, and continuing on the first day of each fiscal quarter thereafter and o n the Final LC Expiration Date.
Notwithstanding the foregoing, after the occurrence and during the continuance of an Event of Default, the Letter of Credit Commission, as calculated above, shall be increased by three percent (3.0%) per annum.

More Definitions of Letter of Credit Commission

Letter of Credit Commission shall have the meaning assigned to that term in Section 3.3 hereof.

Letter of Credit Commission. As provided in Section 2.6(e)(i).

Letter of Credit Commission means an annual commission, payable in advance by Borrower to the Bank in quarterly installments, each of which shall (a) be determined by the Bank, and billed to the Borrower, within ten (10) days prior to the end of each fiscal quarter during the term of this Agreement, by (i) multiplying the aggregate of the Face Amounts of all Letters of Credit issued hereunder and in effect or to be in effect as of the first day of the ensuing calendar quarter, by two percent (2.0%); and (ii) by dividing the product of such multiplication by four (4); (b) be due and payable on the first day of the calendar quarter to which they pertain.

Letter of Credit Commission means, for any date of determination, with respect to any outstanding Letter of Credit, a letter of credit commission on an amount equal to the stated principal amount of such outstanding Letter of Credit less any amounts drawn under such Letter of Credit, at the rate per annum equal to the Applicable Margin for LIBO Rate Advances in effect at such time.

Letter of Credit Commission means a commission equal to the Applicable LC Fee Rate based on the aggregate Letter of Credit Amount.

Letter of Credit Commission means a commission, payable annually in advance to Agent for the ratable benefit of Lenders, in an amount equal to the greater of (i) the amount determined by multiplying the Face Amount of each Letter of Credit issued hereunder by 50 basis points, and (ii) $5000. The Letter of Credit Commission shall be paid annually in respect of each Letter of Credit, with the first year's payment being due and payable, in advance, on the Issuance Date therefor and subsequent years' payments being due and payable in advance on each anniversary thereof so long as such Letter of Credit remains outstanding.