Canadian Letter of Credit Fee definition

Canadian Letter of Credit Fee shall have the meaning provided in Section 4.1(d).

Canadian Letter of Credit Fee has the meaning specified in Section 3.04(i).

Canadian Letter of Credit Fee is defined in Section 2.5(b).

Examples of Canadian Letter of Credit Fee in a sentence

• The Canadian Letter of Credit Fee shall be payable in Canadian Dollars or at the request of the Administrative Agent, Dollars, with the applicable exchange rate calculated in a manner acceptable to the Administrative Agent.

• The Canadian Letter of Credit Fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.

• Canadian Borrower shall pay Agent (for the ratable benefit of the Revolving Lenders with a Canadian Revolver Commitment), a Letter of Credit fee (the "Canadian Letter of Credit Fee") (which fee shall be in addition to the fees, charges, commissions, and costs set forth in Section 2.11B(j)) that shall accrue at a per annum rate equal to the Non-Base Rate Margin times the undrawn amount of all outstanding Canadian Letters of Credit.

• The Canadian Letter of Credit Fee with respect to a Canadian Letter of Credit shall be payable monthly in arrears on the first day of each April, July, October and January following the date on which such Canadian Letter of Credit is issued and on the Termination Date.

• The Canadian Letter of Credit Fee and fronting fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter following any calendar quarter in which a Canadian Letter of Credit is outstanding and on the Termination Date.

More Definitions of Canadian Letter of Credit Fee

Canadian Letter of Credit Fee has the meaning specified therefor in Section 2.6(b) of the Agreement.

Canadian Letter of Credit Fee has the meaning ascribed to it in Annex C.

Canadian Letter of Credit Fee shall have the meaning assigned to such term in Section 2.05(d).

Canadian Letter of Credit Fee has the meaning set forth in Section 2.09(a).

Canadian Letter of Credit Fee payable with respect to each Canadian Letter of Credit in the currency in which it is denominated, determined at a rate per annum equal to the Applicable Margin for Canadian US$ Libor Loans from time to time in effect during such quarter (provided, however, that with respect to Performance Letters of Credit, such Applicable Margin shall be multiplied by 0.50), multiplied by the average daily amount of the aggregate Canadian L/C Obligations during such quarter calculated on the basis of a 360 day year and actual days elapsed; provided that the minimum fee for each such Canadian Letter of Credit shall be US$350. In addition, Canadian Borrower shall pay to Canadian Issuing Bank, in connection with each Canadian Letter of Credit, the Canadian Issuing Bank’s standard issuance and administrative fees and expenses for Letters of Credit issued by it.

Canadian Letter of Credit Fee as defined in Section 3.2.2(b). \8885650.14 Canadian Letter of Credit Subline: $2,000,000. Canadian Obligations: on any date, the portion of the Obligations outstanding that are owing by Canadian Borrower or any other Canadian Obligor.

Canadian Letter of Credit Fee shall have the meaning provided in Section 2.03(j).