Examples of L/C Fee in a sentence
After an Event of Default has been waived, the interest rate applicable to advances and the LC Fee shall revert to the rates applicable prior to the occurrence of an Event of Default.
Interest on Eurodollar Advances, interest on Floating Rate Advances based on the Federal Funds Effective Rate and the LC Fee shall be calculated for actual days elapsed on the basis of a 360-day year.
After an Event of Default has been cured or waived, the interest rate applicable to advances and the LC Fee shall revert to the rates applicable prior to the occurrence of an Event of Default.
Such commission shall be payable quarterly in arrears on each L/C Fee Payment Date.
Such fee shall be nonrefundable and shall be payable quarterly in arrears on each L/C Fee Payment Date.