Letter of Credit Commitment Fee definition

Letter of Credit Commitment Fee means, for any Distribution Date, a monthly fee equal to the product of (a) one-twelfth of 0.25% per annum and (b) the Letter of Credit Available Amount for such Distribution Date.
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Letter of Credit Commitment Fee has the meaning given to such term in Section 2.10(b).
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Letter of Credit Commitment Fee shall have the meaning ascribed to it in SECTION 2.22. "Letter of Credit Fronting Fee" shall have the meaning ascribed to it in SECTION 2.22.
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Examples of Letter of Credit Commitment Fee in a sentence

  • Such Letter of Credit Commitment Fee shall accrue from and including the Closing Date to but excluding the Termination Date and shall be payable on the last Business Day of each calendar quarter and on the Termination Date.

  • The Moderator then opened up the floor for discussion and recognized Grantham resident Sheridan Brown to make a presentation on this article.

  • The Borrower shall pay to the Agent with respect to each Letter of Credit issued hereunder a letter of credit commitment fee ("Letter of Credit Commitment Fee") at a rate per annum equal to the Applicable Margin for Euro-Dollar Loans times the daily average of the undrawn amount of all outstanding Letters of Credit.

  • The relevant Borrower shall pay to the Agent with respect to all Letters of Credit issued hereunder a Letter of Credit Commitment Fee.

  • Each Borrowing of Loans by the Borrower from the Lenders, each payment by the Borrower on account of any Bond Letter of Credit Fee, Term VP Letters of Credit Fee, Debt Service Reserve Letter of Credit Fee or Debt Service Reserve Letter of Credit Commitment Fee shall be made pro rata according to the respective Commitment Percentages of the Lenders.

  • Letter of Credit Commitment Fee shall have the meaning ascribed thereto in Section 4.1(c).

  • If the SMRP does not believe a violation of the sexual misconduct policy has occurred but other violations have occurred, they may recommend to the judicial officer that a Hearing Panel, Honor Council or Hearing Panel/Honor Council be convened or that the judicial officer resolve the issues.

  • The Borrowers shall pay to the Agent with respect to each Letter of Credit issued hereunder a letter of credit commitment fee ("Letter of Credit Commitment Fee") at a rate per annum equal to the Applicable Margin for Euro-Dollar Loans consisting of Revolving Loans times the daily average of the undrawn amount of all outstanding Letters of Credit.

  • They also discussed the University’s plans to help at-risk students succeed academically._ _ Approved as submitted at the Policy Committee meeting of May 14, Present: L.

  • In lieu of authorizing MLBFS to charge the Letter of Credit Commitment Fee using FTS, Customer may pay said fee by check concurrently with the execution and return of this Letter Agreement.


More Definitions of Letter of Credit Commitment Fee

Letter of Credit Commitment Fee and "Letter of Credit Commitment Fees" have the meanings described in Section 2.2.2 (Letter of Credit Fees).
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Letter of Credit Commitment Fee shall have the meaning assigned to such term in Section 4.01(d). "Letter of Credit Issuance Fee" shall have the meaning assigned to such term in Section 4.01(d).
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Letter of Credit Commitment Fee shall have the meaning assigned to “Letter of Credit Fee” under the Letter of Credit Reimbursement Agreement.
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Letter of Credit Commitment Fee shall have the meaning ascribed thereto in Sections 2.1B(d)(ii) and (iii).
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Letter of Credit Commitment Fee means a fee payable to Agent with respect to each Letter of Credit at a rate per annum equal to the Applicable Margin for Euro-Dollar Loans times the daily average of the undrawn amount of all outstanding Letters of Credit.
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Related to Letter of Credit Commitment Fee

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

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

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

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower or its specified Subsidiaries in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time plus (b) the aggregate unpaid amount of all Reimbursement Obligations at such time.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • 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.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.