L/C Costs definition
L/C Costs means (a) fees, expenses and interest associated with the issuance of Letters of Credit and (b) any reimbursement by the Borrower of amounts paid under a Letter of Credit for expenditures that if paid by a Loan Party directly would have constituted operation and maintenance expenses.
L/C Costs means (a) fees, expenses and interest associated with the issuance of Letters of Credit and (b) any reimbursement by a Borrower of amounts paid under a Letter of Credit for expenditures that if paid by a Credit Party directly would have constituted operation and maintenance expenses.