LC Availability Period definition

LC Availability Period means the period from and including the Effective Date to but excluding the earlier of (a) the date that is five Business Days prior to the Revolving Maturity Date and (b) the date of termination of the Revolving Commitments.

LC Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of the termination of the Commitments.

LC Availability Period means the period from the Closing Date to 30 days prior to the Maturity Date.

Examples of LC Availability Period in a sentence

• The Borrower agrees to pay to the Administrative Agent, for the account of each LC Lender pro rata to their LC Commitments, the LC Commitment Fee, payable quarterly in arrears on (i) each Payment Date and (ii) the final day of the LC Availability Period.

• Credit, for the Borrower’s account, at any time during the LC Availability Period solely for the purposes of satisfying the Debt Service Reserve Required Amount (and the Issuing Bank shall refuse to issue a Letter of Credit for any other purpose).

• Subject to the terms and conditions set forth herein, the Borrower, at its option, may request, as the applicant thereof for the support of the obligations of the Borrower or the Restricted Subsidiaries, any Issuing Bank to issue Letters of Credit denominated in dollars, in form and on terms reasonably acceptable to theapplicable Issuing Bank, at any time and from time to time during the LC Availability Period, or to amend or extend any Letter of Credit previously issued.

• Subject to the terms and conditions set forth herein, at any time and from time to time during the L/C Availability Period, the Company may request the issuance of a Letter of Credit for the account of a Borrower, in a form appropriately completed and reasonably acceptable to the Administrative Agent and the Issuing Bank.

• Subject to the terms and conditions set forth herein, either Borrower may request the issuance of Letters of Credit for its own account, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the LC Availability Period, and (subject to the conditions set forth in Section 4.02), the applicable Issuing Bank will issue such Letters of Credit.

More Definitions of LC Availability Period

LC Availability Period means the period from the Closing Date to the last Payment Date occurring prior to the Maturity Date.

LC Availability Period means, as to any Issuing Bank, the period from and including the Effective Date to and including the earlier of the LC Issuer Maturity Date of such Issuing Bank and any other date of termination of the Commitments of such Issuing Bank (in its capacity as a Lender).

LC Availability Period means the period from and including the Effective Date to but excluding the earlier of (a) the date that is five Business Days prior to the Maturity Date and

LC Availability Period means the period from and including the Closing Date to but excluding the fifth Business Day prior to the Maturity Date.

LC Availability Period means the period from the Effective Date until the earlier of (a) 30 days prior to the Maturity Date and (b) the date of effectiveness of a termination in whole of the L/C Issuer’s obligation to issue Letters of Credit pursuant to Section 6.02(a).

LC Availability Period means the period commencing on the Effective Date and ending on the day that is the earlier of (i) 15 days prior to the Maturity Date and (ii) the date of effectiveness of a termination in whole of the Backstop L/C Issuer’s obligation to issue letters of credit under the Credit Agreement.

LC Availability Period means the period, if any, commencing on the date on which Administrative Agent notifies Company in writing that a Lender or an Affiliate of a Lender is willing to serve as Issuing Bank hereunder and issue Letters of Credit as contemplated by Section 2.3 hereof and ending on the date on which Administrative Agent notifies Company in writing that a Lender or an Affiliate of a Lender is no longer willing to serve as Issuing Bank hereunder or issue Letters of Credit as contemplated by Section 2.3 hereof.