DSR LC Loan definition

DSR LC Loan has the meaning as defined in Section 2.6.2(b) or means an Extended DSR LC Loan, as the context may require.
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DSR LC Loan means any loan made to the Borrower by any DSR Issuing Bank as a result of a Drawing on a DSR Letter of Credit issued by such DSR Issuing Bank as set forth in Section 2.16(e).
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DSR LC Loan has the meaning given in Section 2.2.5 of the Credit Agreement.
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Examples of DSR LC Loan in a sentence

  • None of the foregoing shall affect, impair or prevent the vesting of any of the rights or powers granted to any DSR LC Issuer or any DSR LC Loan Lender hereunder.

  • The obligation of each Lender (or the Administrative Agent on its behalf) and each DSR LC Issuer to make any Credit Extension (including the Delayed Draw Term Loans), other than the initial Credit Extension on the Closing Date and the making of any DSR LC Loan pursuant to Section 2.6.2(b), shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • The Borrower and, to the extent set forth in Section 2.6.1, each DSR LC Loan Lender, as applicable, shall assume all risks of the acts, omissions or misuse of any applicable DSR Letter of Credit by the beneficiary thereof.


More Definitions of DSR LC Loan

DSR LC Loan means an LC Loan advanced in respect of a Disbursement under a DSR Letter of Credit pursuant to Section 2.6.3(b).
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