L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.
L/C Fee Payment Date as defined in Section 3.3(a).
L/C Fee Payment Date the last day of each March, June, September and December.
Examples of L/C Fee Payment Date in a sentence
The Borrower shall pay to the relevant Issuing Bank a fee equal to the greater of (x) $500 and (y) 1/8 of 1% per annum of the maximum amount available to be drawn under such Letter of Credit (or such other fee as may be agreed between any such Issuing Bank and the Borrower) (the “L/C Facing Fee”), payable quarterly in arrears on each L/C Fee Payment Date with respect to such Letter of Credit and on the Initial Revolving Maturity Date or such other date as the Initial Revolving Commitments shall terminate.
More Definitions of L/C Fee Payment Date
L/C Fee Payment Date with respect to any Letter of Credit, the last day of each March, June, September and December to occur after the date of issuance thereof to and including the first such day to occur on or after the date of expiry thereof; provided that if any L/C Fee Payment Date would otherwise occur on a day that is not a Business Day, such L/C Fee Payment Date shall be the immediately preceding Business Day.
L/C Fee Payment Date means the last day of each March, June, September and December, commencing on June 30, 2007 while the L/C Commitment remains in effect and the Termination Date.
L/C Fee Payment Date means each of the first Business Day of each January, April, July and October (as well as on the Maturity Date).
L/C Fee Payment Date the third Business Day after the last day of each March, June, September and December and the last day of the Revolving Commitment Period.
L/C Fee Payment Date shall have the meaning assigned to such term in Section 2.05(c).
L/C Fee Payment Date the fifth Business Day following the last day of each March, June, September and December and the last day of the Revolving Availability Period.
L/C Fee Payment Date. (a) on the fifteenth day after the last Business Day of each March, June, September and December (or, if such day is not on a Business Day, the next succeeding Business Day) and (b) the expiration date of the last outstanding Post-Termination LOC. With respect to an L/C Fee Payment Date defined by (i) clause (a), the relevant payment period shall run through the end of the relevant preceding calendar quarter, and (ii) clause (b), the relevant payment period shall run through the expiration date.