Examples of Outstanding LC Amount in a sentence
Each Borrower shall, in respect of each Documentary Credit issued on its behalf pay to the Facility Agent for the account of each Indemnifying Lender (for distribution in proportion to each Indemnifying Lender’s L/C Proportion of such Documentary Credit) a documentary credit fee in the currency in which the relevant Documentary Credit is denominated at a rate equal to the applicable Revolving Facility Margin applied on the Outstanding L/C Amount in relation to such Documentary Credit.
TCN shall, in respect of each Documentary Credit, pay to the Facility Agent for the account of each Indemnifying Lender (for distribution in proportion to each Indemnifying Lender’s L/C Proportion of such Documentary Credit) a documentary credit fee in the currency in which the relevant Documentary Credit is denominated at a rate equal to the applicable Revolving Facility Margin applied on the Outstanding L/C Amount in relation to such Documentary Credit.
If the Outstanding L/C Amount of an L/C has been reduced pursuant to Clause 10.1 above, the Outstandings shall be reduced by an equal amount.
If the Outstanding L/C Amount of an L/C has been reduced pursuant to Clause 8.1 above, the Outstandings shall be reduced by an equal amount.
L/Cs. For the purposes of Clauses 3.4(d), 3.8(d), 3.10(d), 13.2(c), 13.10(a)(ii) and 15.15, the Outstanding L/C Amount of each Optional Currency L/C and the Original Dollar Amount of any Utilisation consisting of an Optional Currency L/C shall be multiplied by 110%.
The Borrower shall, in respect of each Documentary Credit, pay to the Facility Agent for the account of each Indemnifying Lender (for distribution in proportion to each Indemnifying Lender’s L/C Proportion of such Documentary Credit) a documentary credit fee in the currency in which the relevant Documentary Credit is denominated at a rate equal to the applicable Revolving Facility Margin applied on the Outstanding L/C Amount in relation to such Documentary Credit.