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
As a condition to the issuance or renewal of any Letter of Credit, the Borrower will pay to the Operating Lender the Letter of Credit Issuance Fee applicable thereto in accordance with Section 7.3. The Borrower will also pay to the Operating Lender, for its own account, its customary administrative charges in respect of the issue, amendment, renewal or transfer of such Letter of Credit, and each drawing made under such Letter of Credit.
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 means Letter of Credit issuance fee of $170.00.
Letter of Credit Issuance Fee shall have the meaning ascribed to it in Section 3.06(d).
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: Leverage Ratio Issuance Fee Percentage 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 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.
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. Letter of Credit Issuance Fee Leverage Ratio ----------------------------- -------------- 2.00% Less than 1.00 to 1.0