L/C definition

L/C has the meaning set forth in Section 2.12(a).

L/C. Any letter of credit, the issuance of which is procured by the Administrative Agent for the account of any Borrower and any acceptance made on account of such letter of credit.

L/C has the meaning set forth in Section 4.1(d)(vi).

Examples of L/C in a sentence

• L.C., registered in England and Wales as company number 1675231 and having its registered office at 8th Floor, 000 Xxxxxxxxxxx, Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx (the “Trustee” which expression shall, wherever the context so admits, include such company and all other persons or companies for the time being the trustee or trustees of these presents) as trustee for the Noteholders and the Couponholders (each as defined in the Trust Deed).

• If Tenant fails to replace such L-C with such conforming, substitute letter of credit pursuant to the terms and conditions of this Section 21.1, then, notwithstanding anything in this Lease to the contrary, Landlord shall have the right to declare Tenant in default of this Lease for which there shall be no notice or grace or cure periods being applicable thereto (other than the aforesaid ten (10) business day period).

• Each Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by written notice) of such demand for payment after such Issuing Bank has made an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse the applicable Issuing Bank and the applicable Lenders with respect to any such LC Disbursement.

• Each Issuing Bank, by extending the date of expiration of any Letter of Credit beyond the Maturity Date, will be deemed to have agreed that no Lender shall have any obligation under Section 2.04(d) in respect of any LC Disbursement resulting from a drawing made under such Letter of Credit after the Maturity Date.

• All payments hereunder of principal or interest in respect of any Loan and all amounts owing in respect of any B/A Drawing or any LC Disbursement shall be made in the currency of such Loan or B/A Drawing or LC Disbursement; all other payments hereunder and under each other Loan Document shall be made in US Dollars.

More Definitions of L/C

L/C has the meaning specified therefor in Section 2.12(a).

L/C or "Letter of Credit" means a standby letter of credit, letter of guarantee or commercial letter of credit denominated in Euros, Canadian Dollars or US Dollars in a form satisfactory to the Issuing Bank, issued by the Issuing Bank at the request of the Borrower in favour of a third Person to secure the payment or performance of an obligation of a Restricted Party to the third Person.

L/C has the meaning set forth in Section 4.1(d).

L/C has the meaning set forth in Section 2.2(a). --- --------------

L/C has the meaning specified therefor in Section 2.11(a) of the Agreement.

L/C shall have the meaning set forth in Section 1.5 hereof.

L/C shall have the meaning ascribed thereto in Article 10.4 of this Agreement;