LC Commitment Fee definition
LC Commitment Fee means an amount equal to the product of 1.0% per annum and the average unused LC Commitment (regardless of whether any conditions for issuance, extension or increase of the Stated Amount of a Letter of Credit could then be met and determined as of the close of business on any date of determination), for each day from the Closing Date through the expiration or earlier termination of the LC Availability Period.
LC Commitment Fee has the meaning given in Section 3.3(e)(i) of the Financing Agreement.
LC Commitment Fee has the meaning given in Section 2.6(c)(i) of the Financing Agreement.
More Definitions of LC Commitment Fee
LC Commitment Fee means, for each day from the Closing Date through the expiration or earlier termination of the LC Availability Period, an amount equal to the product of a rate of 1.0% per annum and the average unused LC Commitment on such day (regardless of whether any conditions for issuance, extension or increase of the Stated Amount of a Letter of Credit could then be met and determined as of the close of business on any date of determination). All computations of LC Commitment Fees for any period shall be based upon a year of 360 days.
LC Commitment Fee has the meaning given in Section 2.3.2(b) of the Credit Agreement.
LC Commitment Fee see Section 5.7(b).
LC Commitment Fee means the fee payable by Satellite Company to ----------------- TCIC for extending the maturity of the PRIMESTAR Letter of Credit beyond June 30, 1997 to December 31, 1997.
LC Commitment Fee means an amount equal to the product of 0.5% per annum and the average unused LC Commitment (regardless of whether any conditions for issuance, extension or increase of the Stated Amount of a Letter of Credit could then be met and determined as of the close of business on any date of determination), for each day from the Closing Date through the expiration or earlier termination of the LC Availability Period. “LC Documents” shall mean, as to any Letter of Credit, each LC Application and any other document, agreement and instrument entered into by the applicable Issuing Bank and the Borrower or in favor of such Issuing Bank and relating to such Letter of Credit. “LC Exposure” shall mean, with respect to any LC Lender as of the date of determination, the sum of the aggregate amount of all participations by that ▇▇▇▇▇▇ in (a) the Stated