LC Disbursement definition

LC Disbursement means a payment made by the Issuing Bank pursuant to a Letter of Credit.
LC Disbursement means a payment made by any Issuing Bank pursuant to a Letter of Credit.
LC Disbursement means a payment made by an Issuing Bank pursuant to a Letter of Credit.

Examples of LC Disbursement in a sentence

  • 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.

  • Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of Loans as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement.


More Definitions of LC Disbursement

LC Disbursement means a payment made by the Issuing Lender pursuant to a Letter of Credit.
LC Disbursement means a payment or disbursement made by the Issuing Bank pursuant to a Letter of Credit.
LC Disbursement means a payment made by any Issuing Bank pursuant to a Letter of Credit issued by such Issuing Bank.
LC Disbursement a payment made by the Issuing Lender pursuant to a Letter of Credit.
LC Disbursement means a payment made by any Issuing Lender pursuant to a Letter of Credit.
LC Disbursement means a payment made by the LC Issuer pursuant to a Letter of Credit.
LC Disbursement means a payment made by an Issuing Lender pursuant to a Letter of Credit issued by it.