LC Fronting Fee definition

LC Fronting Fee has the meaning specified in Section 2.05(d).
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LC Fronting Fee is defined in Section 2.17.4(a).
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LC Fronting Fee has the meaning given in Section 3.3(e)(iii) of the Financing Agreement.
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Examples of LC Fronting Fee in a sentence

  • New term of 5 years at lower interest rate.a - Letter of credit fee = (principal bal + 45 days interest)*2% L/C Fee and .25% L/C Fronting Fee.

  • The L/C Fronting Fee shall be computed on a quarterly basis in arrears and shall be due and payable on the last Business Day of each Fiscal Quarter (as well as on the Letter of Credit Expiration Date) for the Fiscal Quarter (or portion thereof) then ending, beginning with the first of such dates to occur after the issuance of such Letter of Credit.

  • The L/C Fronting Fee shall be due and payable in full on the date of issuance of such Letter of Credit.

  • The bid submitted by the tender’s shall be valid for a minimum period of 90 days computed from the date of opening of the bid.

  • The applicable Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in an amount equal to 0.125% times the daily maximum amount available to be drawn under such Letter of Credit (the " L/C Fronting Fee ").


More Definitions of LC Fronting Fee

LC Fronting Fee as defined in Section 3.2. ---------------
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LC Fronting Fee shall have the meaning assigned to such term in Section 2.07(b). “LC Participation Fee” shall have the meaning assigned to such term in Section 2.07(b).
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LC Fronting Fee has the meaning ascribed to such term in Section 3.03(c) of this Agreement.
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LC Fronting Fee means as provided in Section 2.09(c)(ii) .
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LC Fronting Fee shall have the meaning assigned to such term in Section 2.05(c).
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LC Fronting Fee means a fronting fee payable by the Borrower to the Issuing Bank in accordance with Section 2.12(b), at a rate or rates per annum separately agreed upon between the Borrower and the Issuing Bank.
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LC Fronting Fee has the meaning set forth in the Fee Letter.
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