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 accrued and unpaid portion of each Letter of Credit Commitment Fee shall be paid in arrears on the first day of each month and upon the expiration or termination date of the respective Letter of Credit Agreements.

  • Applicable Letter of Credit Commitment Fee Rate shall mean One and One-Fourth Percent (1.25%) per annum for all Letters of Credit.

  • Such Letter of Credit Commitment Fee shall be due and payable on the Closing Date (or, if the Closing Date does not occur, the Letter of Credit Commitment Termination Date).

  • The Debt Service Reserve Letter of Credit Fronting Fee, the Debt Service Reserve Letter of Credit Fee and the Debt Service Reserve Letter of Credit Commitment Fee, if any, shall be payable quarterly in arrears on the last Business Day of each calendar quarter, commencing June 30, 2000.

  • 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.

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  • 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.


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 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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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 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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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).

  • Facility Letter of Credit Fee is defined in Section 2A.8.

  • 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 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 of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

  • 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 of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.