L/C Lender definition

L/C Lender a Lender with an L/C Commitment.

L/C Lender means a Lender with a Revolving Facility Commitment and/or a Credit-Linked Commitment.

L/C Lender means, as the context may require: (a) each of DB (solely in respect of standby Letters of Credit), Bank of America, N.A., Credit Agricole Corporate and Investment Bank, Fifth Third Bank and BNP Paribas or any of their respective Affiliates, in its capacity as issuer of Letters of Credit issued by it hereunder, together with its successors and assigns in such capacity; and/or (b) any other Revolving Lender or Revolving Lenders selected by Borrower and reasonably acceptable to Administrative Agent (such approval not to be unreasonably withheld or delayed) that agrees to become an L/C Lender, in each case under this clause (b) in its capacity as issuer of Letters of Credit issued by such Lender hereunder, together with its successors and assigns in such capacity.

Examples of L/C Lender in a sentence

• Each LC Lender shall give the Administrative Agent written notice, or telephone notice (which is promptly confirmed subsequently in writing), of any demand or other request for payment under a Letter of Credit issued by it (for the purpose of this Section, an “LC Demand”, and the amount so demanded, a “Relevant Amount”) and the Administrative Agent shall promptly notify the Borrower of such LC Demand and the Relevant Amount.

• Upon the date of the issuance or increase of a Letter of Credit occurring on or after the Closing Date, the Issuing Bank shall be deemed to have sold to each other LC Lender and each other LC Lender shall have been deemed to have purchased from the Issuing Bank a participation in the related Letter of Credit Obligations equal to such LC Lender’s Pro Rata Share of the maximum amount which is or at any time may become available to be drawn thereunder.

• Agreement to Use Electronic Signatures By selecting accept, you specifically agree that any electronic signatures that you provide through this account application process are valid and enforceable as your legal signature.

• Each Letter of Credit Issued hereunder shall be in form and substance satisfactory to the applicable LC Lender, acting reasonably.

• Each LC Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

More Definitions of L/C Lender

L/C Lender means, at any time, any Lender that has a Letter of Credit Commitment at such time.

L/C Lender has the meaning set out in Clause 7.1(b) (Issue of Documentary Credits).

L/C Lender has the meaning set out in Clause 5.1(b) (Issue of Documentary Credits).

L/C Lender. Bear Xxxxxxx Corporate Lending Inc., in its capacity as the party responsible for causing the issuance of Letters of Credit hereunder.

L/C Lender has the same meaning as Issuing Bank.

L/C Lender means (x) with respect to the Borrowers and UK Borrower, the New York agency of Scotiabank or such other Lender or Lenders selected by the Administrative Agent satisfactory to the Borrowers who agrees to act in such capacity to issue Letters of Credit and (y) with respect to each Subsidiary Swing Line Borrower, the Swing Line Lender who is to make Swing Line Loans hereunder to such Subsidiary Swing Line Borrower. All references in this Agreement to the L/C Lender shall be deemed a reference to the applicable L/C Lender issuing the applicable Letter of Credit.

L/C Lender means, as the context may require, with respect to Letters of Credit, (i) Bank of America, N.A., in its capacity as issuer of Letters of Credit issued by it hereunder, together with its successors and assigns in such capacity; (ii) solely with respect to the Existing Letters of Credit, Bank of America, N.A., in its capacity as issuer of the Existing Letters of Credit issued by it hereunder, together with its successors and assigns in such capacity; and/or (iii) any other Revolving Lender or Revolving Lenders selected by Borrower and reasonably acceptable to Administrative Agent (such approval not to be unreasonably withheld or delayed) that agrees to become an L/C Lender, in each case under this clause (iii) in its capacity as issuer of Letters of Credit issued by such Lender hereunder, together with its successors and assigns in such capacity.