Applicable Letter of Credit Percentage definition

Applicable Letter of Credit Percentage means, as of any date of determination thereof, the applicable percentage used to calculate fees due and payable hereunder with respect to Letters of Credit determined by reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule 10.7, such Applicable Letter of Credit Percentage to be adjusted as provided in Section 10.7 hereof.

Applicable Letter of Credit Percentage means the applicable per annum percentage set forth in the table appearing in Section 2.7F of the Loan Agreement.

Applicable Letter of Credit Percentage means at any time the percentage set forth on the Pricing Schedule for Letters of Credit.

Examples of Applicable Letter of Credit Percentage in a sentence

• Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder, the Applicable Facility Fee Percentage and the Applicable Letter of Credit Percentage, upon the date of delivery of the financial statements under Sections 6.1(a) and 6.1(b) hereunder and the Certificate of Compliance under Section 6.1(e) hereof, in each case establishing applicability of the appropriate adjustment and in each case with no retroactivity or claw-back.

• Borrower shall pay to Bank in advance upon issuance of any Letter of Credit a fee equal to the Applicable Letter of Credit Percentage per annum of the amount of such Letter of Credit.

• Borrower shall pay to Bank annually in advance a fee equal to the Applicable Letter of Credit Percentage per annum of the amount of each Letter of Credit.

More Definitions of Applicable Letter of Credit Percentage

Applicable Letter of Credit Percentage means, at any time, the Applicable Margin in effect at such time with respect to Revolving Credit Loans that are Eurodollar Loans.

Applicable Letter of Credit Percentage means a rate equal to 2.00% per annum.

Applicable Letter of Credit Percentage means three percent (3.00%) per annum.

Applicable Letter of Credit Percentage means, at any time when the Credit Rating is at any level set forth below, a percentage equal to the number of basis points set forth below opposite such Credit Rating (with 100 basis points equalling 1.0%): Applicable Letter of Credit Rating Credit Percentage A-/A3 40 BBB+/Baa1 45 BBB/Baa2 50 BBB-/Baa3 60 BB+/Ba1 or lower 75

Applicable Letter of Credit Percentage means two and 35/100 percent (2.35%) per annum.

Applicable Letter of Credit Percentage means, at any time:

Applicable Letter of Credit Percentage means, at any time when the Credit Rating is at any level set forth below, a percentage equal to the number of basis points set forth below opposite such Credit Rating (with 100 basis points equalling 1.0%):