Letter of Credit Issuance Fee definition

Letter of Credit Issuance Fee has the meaning specified therefor in Section 3.03(b)(i) hereof.

Letter of Credit Issuance Fee. As defined in the Fee Letter.

Letter of Credit Issuance Fee means a fee equal to that which is reasonable and customarily charged by Lender for issuing, reviewing and generally processing Letters of Credit.

Examples of Letter of Credit Issuance Fee in a sentence

• The Borrower shall pay to the LC Issuer the Letter of Credit Issuance Fee with respect to each Letter of Credit issued by the LC Issuer, as set forth in the Fee Letter.

• In the case of each Letter of Credit issued hereunder, a Letter of Credit Issuance Fee shall be payable to the Lender on the issuance date thereof and the Letter of Credit Fee with respect thereto shall be payable quarterly in advance.

• Agent shall pay each Participating Bank its Pro Rata Share of each Letter of Credit Fee (other than the Letter of Credit Issuance Fee).

• The Borrower hereby authorizes the Agent to, and the Agent may, from time to time, charge the Loan Account pursuant to Section 5.01(a)(ii) of this Agreement with the amount of any Letter of Credit Issuance Fee, the Letter of Credit Standby Fee or charges due hereunder.

• The Borrower shall pay to the Administrative Agent, for the account of each Lender, with respect to each Letter of Credit the L/C Fee and shall pay to the Administrative Agent, for the account of the applicable Issuing Lender, with respect to each Letter of Credit issued by such Issuing Lender the Letter of Credit Issuance Fee, each as set forth in the Lender Fee Letter.

More Definitions of Letter of Credit Issuance Fee

Letter of Credit Issuance Fee has the meaning set forth in the Lender Fee Letter.

Letter of Credit Issuance Fee means a fee, payable by Borrower to the Bank, on the Issuance Date of each Letter of Credit, equal to one-eighth of one percent (0.125%) of the Face Amount of such Letter of Credit.

Letter of Credit Issuance Fee shall have the meaning ascribed to it in Section 3.06(d).

Letter of Credit Issuance Fee means Letter of Credit issuance fee of $170.00.

Letter of Credit Issuance Fee means that per annum percentage rate determined by Agent from time to time in accordance with the matrix below. The initial Letter of Credit Issuance Fee will be determined at the Closing Date using the Leverage Ratio calculated by reference to the consolidated financial statements of VSE and the Compliance Certificate most recently received by the Agent. Commencing on the date following the Closing Date when the Agent receives the consolidated financial statements of VSE and the Compliance Certificate in accordance with this Agreement and on each such date thereafter, the Letter of Credit Issuance Fee will be reset based on the Leverage Ratio calculated by reference to such consolidated financial statements and Compliance Certificate. I 2.00% Less than 1.00 to 1.0 II 2.25% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 III 2.50% Equal to or greater than 2.00 to 1.0 In the event VSE fails to provide such consolidated financial statements and Compliance Certificate to the Agent when due, the Letter of Credit Issuance Fee shall be at the fee corresponding to “Tier III” in the table above until such time as such consolidated financial statements and Compliance Certificate are submitted to and accepted by the Agent pursuant to this Agreement.

Letter of Credit Issuance Fee means a fee equal to the face amount of each Letter of Credit upon issuance multiplied by the applicable percentage set forth below under the "Issuance Fee Percentage" column, based upon the Leverage Ratio as of the most recently ended fiscal quarter of Borrower: Category l Greater than or equal to 2.5 to 1.0. 2.0% Category 2 Less than 2.5 to 1.0, but greater than or equal to 1.75 to 1.0. 1.75% Category 3 Less than 1.75 to 1.0, but greater than or equal to 1.0 to 1.0. 1.5% Category 4 Less than 1.0 to 1.0. 1.25%

Letter of Credit Issuance Fee has the meaning attributed to it in Section 3.9(a)(vi).