LC Fee Payment Date definition

LC Fee Payment Date. (a) each date that is three Business Days after the last day of each March, June, September and December and (b) the last day of the Revolving Commitment Period.

LC Fee Payment Date means the last day of each March, June, September and December and the Maturity Date.

LC Fee Payment Date the last day of each March, June, September and December, the last day of the Revolving Commitment Period (in the case of RC Letters of Credit) and the Tranche A LC Termination Date (in the case of Tranche A Letters of Credit).

Examples of LC Fee Payment Date in a sentence

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee with respect to each Letter of Credit at a per annum rate of 0.125% or a lower rate separately agreed between the Borrower and such Issuing Lender on the undrawn and unexpired amount of each Letter of Credit issued by such Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the relevant issuance date.

• Such fee shall be nonrefundable and shall be payable quarterly in arrears on each L/C Fee Payment Date.

• Such commission shall be payable quarterly in arrears on each L/C Fee Payment Date.

• In addition, the Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee on the aggregate drawable amount of all outstanding Letters of Credit issued by it at a rate per annum to be agreed upon by such Issuing Lender and the Borrower, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date.

• In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 1/4 of 1% per annum, payable quarterly in arrears on each L/C Fee Payment Date after the Issuance Date.

More Definitions of LC Fee Payment Date

LC Fee Payment Date means the last day of each March, June, September and December.

LC Fee Payment Date means the last Banking Day of each March, June, September and December.

LC Fee Payment Date means the last Business Day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

LC Fee Payment Date has the meaning assigned to such term in Section 2.13(b).

LC Fee Payment Date means the last day of each calendar quarter; provided that, if such day is not a Business Day, the LC Fee Payment Date shall be the immediately preceding Business Day.

LC Fee Payment Date with respect to any Credit, the fifteenth (15th) day of each calendar month (or if any such day is not a Business Day, the next succeeding Business Day).

LC Fee Payment Date. (a) each date that is the first Business Day of each January, April, July and October and (b) the last day of the Revolving Commitment Period. “LC Obligations”: at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount available for drawing of the then outstanding Letters of Credit and (b) the aggregate amount of LC Disbursements that have not then been reimbursed pursuant to Section 3.5. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.2(e). For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices 1998 published by the Institute of International Banking and Law Practice (or such latest version thereof as may be in effect at the time of issuance), such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. “LC Participants”: the collective reference to all Revolving Lenders (including each Issuing Lender), as participants in each Letter of Credit. “Lead Arrangers”: the Joint Lead Arrangers and Joint Bookrunners identified on the cover page of this Agreement. “Lead Arranger”: JPMorgan Chase Bank, N.A. “Lender Parent”: with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a Subsidiary. “Lenders”: as defined in the preamble hereto and including each Issuing Lender and the Swingline Lender. “Letters of Credit”: the letters of credit issued pursuant to Section 3.1, which shall be deemed to include the Existing Letters of Credit. “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially the same economic effect as any of the foregoing) or any purchase option, call option, right of first refusal or similar right. 25 509265-1832-141352041-Active.21575686.1328267668.14