Letter of Credit and Guarantee Fees definition

Letter of Credit and Guarantee Fees shall have the meaning set forth in Section 3.2.
Sample 1Sample 2Sample 3
Letter of Credit and Guarantee Fees shall have the meaning set forth in Section 3.2. “Letter of Credit Application” shall have the meaning set forth in Section 2.10. “Letter of Credit Fee Percentage” shall mean, as of the most recent Adjustment Date, the applicable percent per annum set forth in the pricing table set forth below corresponding to the Secured Net Leverage Ratio for the Calculation Period: Greater than or equal to 1.50:1.00 but less than 2.25:1.00 2.00% Less than 0.75:1.00 Greater than or equal to 2.25:1.00 1.50% 2.25% SECURED NET LEVERAGE RATIO
Sample 1
Letter of Credit and Guarantee Fees shall have the meaning set forth in Section 3.2. “Letter of Credit Application” shall have the meaning set forth in Section 2.10. “Letter of Credit Fee Percentage” shall mean, as of the most recent Adjustment Date, the applicable percent per annum set forth in the pricing table set forth below corresponding to the Secured Net Leverage Ratio for the Calculation Period:
Sample 1

Examples of Letter of Credit and Guarantee Fees in a sentence

  • Upon and after the occurrence of an Event of Default, and during the continuation thereof, Agent may, and at the direction of the Required Lenders shall, increase the Letter of Credit and Guarantee Fees by two percent (2.0%) per annum.

  • All Letter of Credit and Guarantee Fees payable hereunder shall be deemed earned in full on the date when the same are due and payable hereunder and shall not be subject to rebate or pro-ration upon the termination of this Agreement for any reason.

Related to Letter of Credit and Guarantee Fees

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Existing Letter of Credit means each letter of credit issued prior to the Effective Date by a Person that shall be an Issuing Bank and listed on Schedule 2.06.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.23.