DSR LC Loan definition

DSR LC Loan means any loan made to the Borrower by any DSR LC Issuing Bank as a result of a Drawing on a DSR Letter of Credit issued by such DSR LC Issuing Bank as set forth in Section 2.17(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

  • All DSR LC Loans shall be repaid on each Monthly Date to the extent of Account Funds available for such purpose in the Post-Completion Revenue Account, after giving effect to the disbursements described in priorities First through Fourth of Section 4.3.2(a) of the Depositary Agreement; provided, however, that each DSR LC Loan shall be repaid in full on the Final Maturity Date.

  • Upon the making of any Drawing Payment, Borrower shall be obligated to reimburse the LC Bank for such Drawing Payment and, for convenience, such Reimbursement Obligation shall be deemed to constitute a Borrowing of loans (a "DSR LC Loan" and, collectively, the "DSR LC Loans") in the amount of such Drawing Payment, consisting of a DSR LC Loan made by each Bank in the amount of such Bank's Proportionate Share of such Drawing Payment.

  • Each Project LC Loan and DSR LC Loan shall initially be a Base Rate Loan.

  • In such event, any DSR LC Issuing Bank making a DSR LC Loan shall be entitled to the same rights and remedies (on a pro rata basis) in respect of such DSR LC Loans as any Lender that has made a Term Loan has in respect of such Loans hereunder.

  • So long as no Event of Default has occurred and is continuing, if any Drawing is paid under any Letter of Credit issued by the related Issuing Bank, the payment by such Issuing Bank of such Drawing shall constitute the making of a DSR LC Loan or Project LC Loan, as applicable, by such Issuing Bank to the Borrower in the amount of such Drawing, and to the extent so financed, the Borrower’s Reimbursement Obligations shall be discharged and replaced by the resulting LC Loans.

  • So long as no Event of Default has occurred and is continuing, if any Drawing is paid under any DSR Letter of Credit Issued by the related DSR LC Issuing Bank, the payment by such DSR LC Issuing Bank of such Drawing shall constitute the making of a DSR LC Loan by such DSR LC Issuing Bank to the Borrower in the amount of such Drawing, and to the extent so financed, the Borrower’s Reimbursement Obligations shall be discharged and replaced by the resulting DSR LC Loans.

  • The failure to make any such endorsement or any error in any such endorsement shall not affect the obligations of the Borrower in respect of any DSR LC Loan.

  • So long as no Event of Default has occurred and is continuing, if any Drawing is paid under any Letter of Credit issued by the related Issuing Bank, the payment by such Issuing Bank of such Drawing shall constitute the making of a DSR LC Loan or Project LC Loan, as applicable, by such Issuing Bank to the Borrower in the amount of such Drawing, and to the extent so financed, the Borrower’ Reimbursement Obligations shall be discharged and replaced by the resulting LC Loans.

Related to DSR LC Loan

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Advance has the meaning given in Section 2.1.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.