LC Commission definition

LC Commission has the meaning assigned to that term in Section 2.10(g)(ii).

LC Commission as defined in Section 2.9(e)(ii).

LC Commission has the meaning assigned to that term in Section 2.01. ------------- ------------

Examples of LC Commission in a sentence

• The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days.

• The LC Commission shall be computed on a daily basis from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days.

• Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

• Each of the Multicurrency LC Commission and the Dollar LC Commission shall be computed on a daily basis from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days.

• Each change in the Applicable Base Rate Margin or Applicable Eurodollar Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

More Definitions of LC Commission

LC Commission has the meaning specified in Section 2.16(e)(ii).

LC Commission has the meaning assigned to that term in SECTION 2.10(e)(ii).

LC Commission has the meaning assigned to that term in SECTION 2.9(e)(ii).

LC Commission has the meaning assigned to that term in Section 2.3(f)(ii).

LC Commission means the rate determined in accordance with Clause 7.2 (Commission in respect of Letters of Credit).

LC Commission shall have the meaning set forth in Section 5(III)(e), herein.

LC Commission means, for any Letter of Credit: (a) the sum of (i) the LC Fee plus (ii) 10 basis points, multiplied by (b) the face amount of such Letter of Credit (or, in the case of an increase in the face amount of such Letter of Credit, on the amount of such increase), multiplied by (c) a fraction, the numerator of which shall be the actual number of days until such Letter of Credit’s expiry date (or, in the case of an extension, the actual number of days from but excluding the initial expiry date to and including the extended expiry date), and the denominator of which shall be 360 days. For the avoidance of doubt, the LC Commission shall be payable on or before the date of issuance of each Letter of Credit (on the face amount thereof), on the date of any increase in the face amount of any Letter of Credit (on the amount of such increase), and on the date of extension of the expiry date of any Letter of Credit (on the face amount thereof as of such extension date).