Letter of Credit Fronting Fee definition

Letter of Credit Fronting Fee means, with respect to any Letter of Credit issued hereunder, a fee equal to one eighth of one percent (.125%) per annum of the stated amount of such Letter of Credit.

Letter of Credit Fronting Fee as defined in Section 2.3(c).

Letter of Credit Fronting Fee has the meaning assigned to that term in Section 2.7F(v) hereof.

Examples of Letter of Credit Fronting Fee in a sentence

• The Issuing Lender Fees shall be paid when required by the Issuing Lender, and the Letter of Credit Fronting Fee and the Letter of Credit Fee shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit.

• At the time of issuance of each Letter of Credit, Borrower shall pay to Administrative Agent in respect of such Letter of Credit (a) the applicable Letter of Credit Fee, and (b) the applicable Letter of Credit Fronting Fee.

• Administrative Agent shall distribute the Letter of Credit Fee payable upon the issuance of each Letter of Credit to Banks in accordance with their respective Commitment Percentages, and Administrative Agent shall distribute the Letter of Credit Fronting Fee to Letter of Credit Issuer for its own account.

• The Issuing Lender Fees shall be paid when required by the applicable Issuing Lender, and the Letter of Credit Fronting Fee and the Letter of Credit Fee shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit.

• Administrative Agent shall distribute the Letter of Credit Fee to Banks in accordance with their respective Commitment Percentages, and Administrative Agent shall distribute the Letter of Credit Fronting Fee to the Letter of Credit Issuer for its own account.

More Definitions of Letter of Credit Fronting Fee

Letter of Credit Fronting Fee and "Letter of Credit Fronting Fees" have the meanings described in Section 2.2.2(a) (Letter of Credit Fees).

Letter of Credit Fronting Fee means the Letter of Credit Fronting Fee payable pursuant to Section 2.1(b) which shall accrue each day at a per annum rate of .125%.

Letter of Credit Fronting Fee means, with respect to any Letter of Credit issued hereunder with a stated amount of $1,000,000 or greater, a fee equal to one tenth of one percent (.10%) of the stated amount of such Letter of Credit.

Letter of Credit Fronting Fee means, with respect to any Letter of Credit issued hereunder, a fee equal to the greater of

Letter of Credit Fronting Fee has the meaning specified therefor in Section 2.11(k) of the Agreement.

Letter of Credit Fronting Fee as defined in Section 2.3(c). "Letter of Credit Participation Fee": the letter of credit participation fee payable pursuant to Section 2.3(c) at the Letter of Credit Participation Fee Rate. "Letter of Credit Participation Fee Rate": the letter of credit participation fee rate per annum set forth in the definition of "Applicable Margin".

Letter of Credit Fronting Fee means a fee of .10% of the aggregate undrawn amount of all Letters of Credit issued hereunder, which fee is to be paid quarterly in arrears to the Issuing Bank.