L/C Participation Fee definition

L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).
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L/C Participation Fee is defined in Section 2.1(b) hereof.
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L/C Participation Fee is defined in Section 3.1(b).
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Examples of L/C Participation Fee in a sentence

  • If at any time any principal of or interest on any Loan or any fee or other amount payable by the Loan Parties hereunder has not been paid when due, whether at stated maturity, upon acceleration or otherwise, the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto for so long as such overdue amounts have not been paid.

  • The Agent shall share with each Bank on a pro rata basis relative to its Commitment Percentage a portion of each payment of a Reimbursement Obligation (whether of principal or interest) and any L/C Participation Fee payable by the Company.

  • Following the occurrence and during the continuance of an Event of Default, the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto.

  • Lessee agrees to provide workers’ compensation insurance for all its employees in accordance with the statutory requirements of the State of Minnesota and employer’s liability with minimum limits as follows: $500,000 for bodily injury by disease per employee; $500,000 aggregate for bodily injury by disease; and $500,000 for bodily injury by accident.

  • During a Default, the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto.


More Definitions of L/C Participation Fee

L/C Participation Fee shall have the meaning specified in Section 1.6(a) hereof.
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L/C Participation Fee shall have the meaning assigned to such term in Section 2.06(c).
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L/C Participation Fee shall have the meaning assigned to such term --------------------- in (S) 1.6(b).
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L/C Participation Fee means the US L/C Participation Fee and/or the Multicurrency L/C Participation Fee, as the context may require.
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L/C Participation Fee means the U.S. L/C Participation Fee, Canadian L/C Participation Fee, French L/C Participation Fee, German L/C Participation Fee, Spanish L/C Participation Fee and/or U.K. L/C Participation Fee, as the context may require.
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L/C Participation Fee shall have the meaning assigned to such term in Section 2.12(b). “Latest Maturity Date” shall mean, at any date of determination, the latest Revolving Facility Maturity Date or the latest Term Facility Maturity Date, in each case, then in effect on such date of determination. 46 Doc#: US1:15347125v11
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L/C Participation Fee at a rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) in effect during each day of such quarter applied to the daily average face amount of Letters of Credit outstanding during such quarter. In addition, the Borrower shall pay to the L/C Issuer for its own account the L/C Issuer’s standard issuance, drawing, negotiation, amendment, assignment and other administrative fees for each Letter of Credit. Such standard fees referred to in the preceding sentence may be established by the L/C Issuer from time to time as notified to the Borrower in writing.
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