Letter of Credit Fees definition

Letter of Credit Fees shall have the meaning set forth in Section 3.2.

Letter of Credit Fees means the fees payable in respect of Letters of Credit pursuant to Section 2.21.

Letter of Credit Fees means the fees payable in connection with Letters of Credit pursuant to Section 3.4(a) and (b) hereof.

Examples of Letter of Credit Fees in a sentence

• Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

• Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.

• All Letter of Credit Fees payable hereunder shall be deemed earned in full on the date when the same are due and payable hereunder and shall not be subject to rebate or pro-ration upon the termination of this Agreement for any reason.

• Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

• Upon the occurrence of a Specified Event of Default, or at the option of the Agent or direction of the Required Lenders upon the occurrence of any Event of Default, and during the continuation thereof, the Letter of Credit Fees described in clause (x) of this Section 3.2(a) shall be increased by an additional two percent (2.0%) per annum.

More Definitions of Letter of Credit Fees

Letter of Credit Fees means as defined in Section 2.10(b)(i).

Letter of Credit Fees has the meaning set forth in Section 5.3(a).

Letter of Credit Fees has the meaning specified therefor in Section 2.06(c).

Letter of Credit Fees means the fees payable to Agent for the accounts of the Banks in connection with Letters of Credit pursuant to Section 3.4 hereof.

Letter of Credit Fees has the meaning assigned to such term in Section 2.12.

Letter of Credit Fees means, collectively or individually as the context may indicate, the fees with respect to Letters of Credit described in Section 2.09(b).

Letter of Credit Fees means fees payable pursuant to Section 2.7(b)(i).