Documentary Letter of Credit Fee definition

Documentary Letter of Credit Fee has the meaning given to such term in Section 2.3(b).
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Documentary Letter of Credit Fee shall have such meaning as provided in Section 2.7(c)(ii).
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Documentary Letter of Credit Fee has the meaning ascribed to it in Annex B.
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Examples of Documentary Letter of Credit Fee in a sentence

  • To reach the Moon on schedule, it was vital that the program received consistent funding for its duration.

  • After obtaining this measure for all countries in our database, we further regress countries’ five-year economic growth, which is defined as the percent increase in GDP (USD), over their SOI.

  • The Documentary Letter of Credit Fee will be collected by the Issuing Bank on the date of each drawing or if such Letter of Credit shall expire undrawn, then 30 days after the expiry thereof, the Banks' portion of which will be paid over to the Agent quarterly on the last day of each calendar quarter for distribution to the Banks (including the Issuing Bank).

  • Payment to the Agent of the Banks' portion of the Documentary Letter of Credit Fee will be accompanied by a report providing the appropriate information necessary for computation of such Fee.

  • In consideration of the issuance of documentary Letters of Credit hereunder, the Borrower or other Credit Party agrees to pay to the Issuing Bank a fee (the "Documentary Letter of Credit Fee") equal to one-half of one percent (1/2%) of the amount of each drawing under any such documentary Letter of Credit (of if such Letter of Credit shall expire undrawn, then on the face amount of the Letter of Credit payable 30 days after the expiry thereof).

  • The aggregate amount of all Damages for which the Company and Owner will be liable to the Forward Indemnified Parties under this Agreement shall not exceed twenty percent (20%) of the Purchase Price; provided, however, that the Cap shall not apply to any claims arising due to fraud or other misconduct by the Company or Owner.

  • For standby letters of credit, the Letter of ------------------------- Credit Fee Rate shall be a per annum fee equal to the Eurodollar Rate Margin determined in accordance with the Pricing Schedule, and for documentary letters of credit, the Letter of Credit Fee Rate shall be a per annum fee equal to the Documentary Letter of Credit Fee Rate determined in accordance with the Pricing Schedule.

  • For standby letters of credit, the Letter of Credit Fee Rate shall be a per annum fee equal to the Eurodollar Rate Margin determined in accordance with the Pricing Schedule, and for documentary letters of credit, the Letter of Credit Fee Rate shall be a per annum fee equal to the Documentary Letter of Credit Fee Rate determined in accordance with the Pricing Schedule.

Related to Documentary Letter of Credit Fee

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

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

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Liability means, without duplication, at any time and in respect of any Letter of Credit, the sum of (a) the undrawn face amount of such Letter of Credit, plus (b) the aggregate unpaid principal amount of all Reimbursement Obligations of Borrower at such time due and payable in respect of all drawings made under such Letter of Credit.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Letter of Credit Limit means $5,000,000.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • Letter of Credit means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.