Letter of Credit Commission Rate definition

Letter of Credit Commission Rate means a rate per annum determined in accordance with Schedule I hereto.

Letter of Credit Commission Rate means a rate per annum determined in accordance with the Pricing Schedule.

Letter of Credit Commission Rate has the meaning set forth in Section 2.07(f).

Examples of Letter of Credit Commission Rate in a sentence

• The Borrower agrees to pay to the Administrative Agent for the account of each Bank, ratably in proportion to the Percentage of such Bank, a letter of credit commission with respect to each Letter of Credit, computed for each day from and including the date of issuance of such Letter of Credit up to but excluding the last day a drawing is available under such Letter of Credit, at the Letter of Credit Commission Rate on the undrawn amount of such Letter of Credit on such day.

• XXXXXX __________________________ Title: Manager & Vice President 117 Schedule 1 to Credit Agreement The Applicable Margin, Letter of Credit Commission Rate and Commitment Fee Rate will be based on ratings (the "Bond Rating") of MEDC's senior unsecured debt by Standard & Poor's Ratings Group ("S&P") and Moodx'x Xxxestors Service Inc.

• At any time when the Account Party has withdrawn Cash Collateral in respect of any Letter of Credit pursuant to the terms of this agreement, the Letter of Credit Commission Rate on the maximum actual and contingent liabilities of the Lenders under all Letters of Credit in respect of the Uncollateralised Outstandings shall immediately be increased to 2.85 per cent.

• If the Facilities are not rated (or deemed rated in accordance with the preceding sentence) by any of such rating agencies, the commitment fee shall be with respect to any Revolving Letter of Credit Commission Rate, or Revolving Credit Loans or Green Revolving Letter of Credit Commission Rate or Green Revolving Credit Loans the highest rate set forth in the table above.

• If the Facilities are not rated (or deemed rated in accordance with the preceding sentence) by either of such rating agencies, the commitment fee shall be with respect to any Revolving Letter of Credit Commission Rate, or Revolving Credit Loans or Green Revolving Letter of Credit Commission Rate or Green Revolving Credit Loans the highest rate set forth in the table above.

More Definitions of Letter of Credit Commission Rate

Letter of Credit Commission Rate means 1.05 per cent per annum;

Letter of Credit Commission Rate means a rate per annum equal to the Applicable Margin.

Letter of Credit Commission Rate means the percentage set forth opposite Letter of Credit Commission Rate in the appropriate column on Schedule 1.

Letter of Credit Commission Rate and the “Base Rate Margin” for any day is the rate set forth below (in basis points per annum) under the column corresponding to the Status that exists on such day: Status Level I Level II Level III Level IV Level V Base Rate Margin 100.0 150.0 175.0 200.0 250.0 Letter of Credit Commission Rate 200.0 250.0 275.0 300.0 350.0 For purposes of this Schedule, the following terms have the following meanings:

Letter of Credit Commission Rate means a rate PER ANNUM determined in accordance with the Pricing Schedule annexed as Schedule II hereto.

Letter of Credit Commission Rate means, for any day, the rate set forth below in the row opposite such term and in the column corresponding to the Pricing Level that applies for such day: -------------------------------------------------------------------- Pricing Levex Xxxxx Xxxxx Xxxxx Xxxxx X II III IV -------------------------------------------------------------------- Commitment Fee .3125% .375% .50% .50% Rate -------------------------------------------------------------------- Euro-Dollar 1.00% 1.50% 2.00% 2.50% Margin -------------------------------------------------------------------- Base Margin 0% .50% 1.00% 1.50% Letter of Credit 1.00% 1.50% 2.00% 2.50% Commission Rate -------------------------------------------------------------------- For purposes of this Schedule, the following terms have the following meanings: "Level I Pricing" applies for any day if, on such day, the Company's senior unsecured long-term debt is rated BB or higher by S&P and Ba2 or higher by Moodx'x.

Letter of Credit Commission Rate means the Revolving Letter of Credit Commission Rate or the Green Revolving Letter of Credit Commission Rate, as the context may require.