LC Issuance Fees definition

LC Issuance Fees shall have the meaning given to that term in Subparagraph 2.06(c)(ii) hereof.
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LC Issuance Fees. LC Paying _Agent" and "LC Usage Fees" are used in PARAGRAPHS 4, 5 AND 6 _below with the respective meanings given to those terms in the _Credit Agreement prior to this Amendment. The rules of _construction set forth in SECTION I OF THE CREDIT AGREEMENT _shall, to the extent not inconsistent with the terms of this _Amendment, apply to this Amendment and are hereby incorporated by _reference. _ _ _ 2.
Sample 1
LC Issuance Fees shall have the meaning given to that term in SUBPARAGRAPH 2.04(c).
Sample 1

Examples of LC Issuance Fees in a sentence

  • In addition to the LC Usage Fees and the LC Issuance Fees, Borrower shall pay to Agent, for the benefit of Issuing Bank, other standard fees of Issuing Bank for drawings under, transfers of and amendments to any Letter of Credit and other administrative actions performed by Issuing Bank in connection with any Letter of Credit, payable at such times and in such amounts as are consistent with Issuing Bank's standard fee policy at the time of such amendment or other action.

  • Borrower shall pay the LC Issuance Fees for each Letter of Credit quarterly in arrears on the last day in each March, June, September and December (commencing June 30, 1998) and on the Maturity Date.

  • Borrower shall pay to Agent, for the sole benefit of Issuing Bank, nonrefundable issuance fees for the Letters of Credit (the "LC Issuance Fees") equal to seventy-five one-thousandths of one percent (0.075%) per annum on the daily average undrawn amount of each Letter of Credit for the period beginning on the date such Letter of Credit is issued and ending on the date such Letter of Credit expires.

  • The company shall pay Harris for its own account such issuance, drawing, negotiation, amendment and other administration fees (collectively, "L/C Issuance Fees") in connection with the Bond L/C as may be established by Harris from time to time.

  • The monthly average of transactions in 2016 falls within this range wherefore no trend of a decrease or increase in land transactions as a result of the project can yet be observed.

  • Borrower shall pay the LC Issuance Fees for each Letter of Credit quarterly in arrears on the last day in each March, June, September and December (commencing March 31, 1996) and on the Maturity Date.

  • The LC Issuance Fees are for the sole account of the applicable Issuing Bank and are fully earned upon receipt and non-refundable.

  • Borrower shall pay to Agent, for the sole benefit of Issuing Bank, nonrefundable issuance fees for the Letters of Credit (the “ LC Issuance Fees ”) equal to the Issuing Bank’s then current standard issuance fee rate for a trade or standby letter of credit, as applicable.

  • Borrower shall pay the LC Issuance Fees for each Letter of Credit in advance on the date of issuance of such Letter of Credit.

  • The LC Issuance Fees are paid to only those participants who are identified as issuers of LC.

Related to LC Issuance Fees

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • LC Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Revolving Credit Maturity Date means the earliest of (a) the Revolving Credit Stated Maturity Date, (b) the date of the termination of the Aggregate Revolving Credit Commitments pursuant to Section 2.07 and (c) the date of the termination of the Aggregate Revolving Credit Commitments and of the obligation of L/C Issuer to make L/C Credit Extensions and the acceleration of the Revolving Credit Loans pursuant to Section 8.03.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.