Examples of Letter of Credit Fee Percentage in a sentence
For each Letter of Credit issued or extended, the Company shall pay to the Agent for the account of the Banks, in advance on the date of issuance or extension, a fee (a "Letter of Credit Fee") in an amount equal to the Applicable Letter of Credit Fee Percentage per annum, as in effect on the date of issuance or extension, of the original face amount of the Letter of Credit for the period from the date of issuance or extension to the scheduled expiration date of such Letter of Credit.
Letter of Credit Fee Percentage - a per annum percent equal to the Applicable Margin for LIBOR Rate Loans.
In the event more than one Applicable Letter of Credit Fee Percentage or Stated Amount is in effect during a Calendar Quarter, the Letter of Credit Fee shall be determined by calculating a separate fee for each portion of such Calendar Quarter to which a different Applicable Letter of Credit Fee Percentage or Stated Amount applied and adding such separate fees together to determine the total Letter of Credit Fee for such Calendar Quarter.
To achieve this, we use the special Monitor tag to mark all of the monitor’s code and data, allowing the miss handler to detect when untrusted code is trying to tamper with it, as explained below.
For any standby letter of credit issued for the benefit of Borrower, Borrower shall pay to Lender an issuance fee in an amount equal to the greater of $300.00 or the Applicable Letter of Credit Fee Percentage, per annum, of the amount of such letter of credit for the period it is to be outstanding, paid quarterly in arrears.