LC Fee Rate definition

LC Fee Rate see Schedule I.

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LC Fee Rate has the meaning set forth in the Pricing Schedule.

LC Fee Rate means, at any date, a rate per annum equal to the Euro-Dollar Margin at such date.

Examples of LC Fee Rate in a sentence

• The L/C Fee Rate for each calendar quarter shall be determined as provided in Schedule I based on the Rating Level in effect on each applicable day of such quarter.

• The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (subject to Section 2.13(g)(iii)), a letter of credit fee at a rate per annum equal to the LC Fee Rate on such ▇▇▇▇▇▇’s Pro Rata Share of the undrawn stated amount of all Facility LCs outstanding from time to time, payable in arrears on the last day of each March, June, September and December and on the Final Termination Date (and, if applicable, thereafter on demand).

• The Borrower shall pay to the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, a per annum letter of credit fee equal to the Applicable LC Fee Rate multiplied by the average daily undrawn stated amounts under the Facility LCs, such fee to be payable in arrears quarterly on the last Business Day of each March, June, September and December, and on the Termination Date (each such fee described in this sentence an “LC Fee”).

• The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in proportion to their Commitment Percentages, a letter of credit fee for each day at the LC Fee Rate for such day on the aggregate amount available for drawing (whether or not conditions for drawing have been satisfied) under all Letters of Credit outstanding at the close of business on such day.

• The Administrative Agent shall give prompt notice to the Borrower and the relevant Lenders of each interest rate, Facility Fee Rate and LC Fee Rate so determined, and its determination thereof shall be conclusive in the absence of manifest error.

More Definitions of LC Fee Rate

LC Fee Rate has the meaning given to such term in Schedule 1.1.

LC Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

LC Fee Rate means, at any time for any Borrower, the "LC Fee Rate" applicable for such Borrower at such time in accordance with the provisions of the Pricing Schedule.

LC Fee Rate means, with respect to Letters of Credit, the per annum rate which is determined pursuant to the Pricing Grid and used to calculate the LC Usage Fees.

LC Fee Rate means a rate per annum determined in accordance with Schedule 1B.

LC Fee Rate has the meaning set forth in Section 2.11.

LC Fee Rate means, as of any date of determination, the Applicable Margin for Eurodollar Loans as of such date.