L/C Fee Rate with respect to each Letter of Credit at any date, the applicable percentage per annum set forth below based upon the Status on such date: Level I Level II Level III Level IV Level V Status Status Status Status Status 0.375% 0.425% 0.600% 0.800% 1.000%
L/C Fee Rate see the definition of Applicable Margin.
Examples of L/C Fee Rate in a sentence
The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (subject to Section 2.13(g)(iii)), a letter of credit fee at a rate per annum equal to the LC Fee Rate on such Xxxxxx’s Pro Rata Share of the undrawn stated amount of all Facility LCs outstanding from time to time, payable in arrears on the last day of each March, June, September and December and on the Final Termination Date (and, if applicable, thereafter on demand).
More Definitions of L/C Fee Rate
L/C Fee Rate means a rate per annum determined in accordance with Schedule 1.01.
L/C Fee Rate means 2.50% per annum.
L/C Fee Rate means 2.25%.
L/C Fee Rate means 3.00% per annum.
L/C Fee Rate means a per annum rate equal to the Applicable Margin in effect from time to time for Revolving Loans which are LIBOR Loans.