L/C Fees definition

L/C Fees has the meaning set forth in Section 3.4(c).

L/C Fees the fees and commissions specified in Subsection 3.3.

L/C Fees means, with respect to an L/C, the amount calculated by multiplying (a) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6(a) by (b) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.

Examples of L/C Fees in a sentence

• Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.

• All computations of Commitment Fees, LC Fees and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

• L/C Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.

• All LC Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

• Interest, commitment fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year.

More Definitions of L/C Fees

L/C Fees means the fees payable pursuant to Section 2.11(b).

L/C Fees means the Revolving A L/C Fee and the Revolving X X/C Fee.

L/C Fees means, with respect to an L/C, the amount calculated by multiplying (i) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6 by (ii) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.

L/C Fees as defined in subsection 3.3.

L/C Fees. The fees payable in respect of L/Cs pursuant to Section 2.18.

L/C Fees means, in respect of any Letter of Credit, all administrative fees that shall have been negotiated between the applicable L/C Issuer and the Transferor in respect of such Letter of Credit. Unless otherwise agreed by the Agent, accrued and unpaid L/C Fees shall be due and payable on the last day of each calendar month or, if in any case such day is not a Business Day, the next following day that is a Business Day; provided that L/C Fees constituting upfront or issuance fees may be paid on the date of issuance of the related Letter of Credit.

L/C Fees has the meaning specified in Section 2.11(b)(i).