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
In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum equal to 0.125% on the face amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date.
In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee in an amount equal to 0.25% of the aggregate drawable amount of all outstanding Letters of Credit issued by it, payable quarterly in arrears on each L/C Fee Payment Date after the date of Issuance.
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 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 means (a) while the L/C Commitment remains in effect, the last day of each March, June, September and December, commencing on March 31, 2021, and (b) the Termination 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. (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.