Matured LC Obligations definition

Matured LC Obligations means all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due and owing to LC Issuer under any LC Application for any Letter of Credit, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise).

Matured LC Obligations means all amounts paid by Agent on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit (or under or in connection with any LC Application) which have not been repaid to Agent by or on behalf of Borrower (with the proceeds of an Advance or otherwise, but excluding payments made by Lenders on account of their participation interests hereunder).

Matured LC Obligations means the aggregate amount of payments theretofore made by the Issuing Lender in respect of Letters of Credit and not theretofore reimbursed by the Company to the Issuing Lender or deemed Loans pursuant to Section 2.13(d).

Examples of Matured LC Obligations in a sentence

• All interest on (and other proceeds of) such Investments shall be reinvested or applied to Matured LC Obligations or other Obligations which are due and payable.

• All interest on such investments shall be reinvested or applied to Matured LC Obligations.

• All amounts so paid shall first be applied to Matured LC Obligations and then held by LC Issuer as LC Collateral until such LC Obligations become Matured LC Obligations, at which time such LC Collateral shall be applied to such Matured LC Obligations.

• LC Issuer will hold such amount as security for the remaining LC Obligations (all such amounts held as security for LC Obligations being herein collectively called "LC Collateral") until such LC Obligations become Matured LC Obligations, at which time such LC Collateral may be applied to such Matured LC Obligations.

• All amounts so paid shall first be applied to Matured L/C Obligations and then held by the Issuing Bank as L/C Collateral until such L/C Obligations become Matured L/C Obligations, at which time such L/C Collateral shall be applied to such Matured L/C Obligations.

More Definitions of Matured LC Obligations

Matured LC Obligations has the meaning given it in Section 2A.2(a).

Matured LC Obligations all amounts paid by an Issuing Bank on drafts or demands for payment drawn or made under or purported to be drawn on or made under any Letter of Credit and all other amounts due and owing to such Issuing Bank under any LC Application for any Letter of Credit, to the extent the same have not been repaid to such Issuing Bank (with the proceeds of Loans or otherwise).

Matured LC Obligations means the sum of all Matured Canadian LC ---------------------- Obligations and Matured US LC Obligations.

Matured LC Obligations means the aggregate amount of payments theretofore made by the Issuing Bank in respect to Letters of Credit and not theretofore reimbursed by the Borrower to the Issuing Bank or deemed Loans pursuant to SECTION 2.11(D).

Matured LC Obligations means all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due and owing to LC Issuer under any Letter of Credit Request.

Matured LC Obligations means all amounts paid by Issuing Bank under or reasonably purported to be under any Letter of Credit or under any LC Application which have not been repaid to Issuing Bank.

Matured LC Obligations means all amounts paid by the LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due and owing to