L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.
L/C Disbursement has the meaning given to that term in Section 3.9.(b).
L/C Disbursement a payment made by an Issuing Lender pursuant to a Letter of Credit.
Examples of L/C Disbursement in a sentence
If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Revolving Lender of the Dollar Amount of the applicable L/C Disbursement, the payment then due from the Borrower in respect thereof (the “Unreimbursed Amount”) and such Revolving Lender’s Applicable Percentage thereof.
Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.
More Definitions of L/C Disbursement
L/C Disbursement means a payment or disbursement made by an L/C Issuer pursuant to a Letter of Credit.
L/C Disbursement means any payment by the L/C Issuer pursuant to a Letter of Credit.
L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit. “L/C Participation Fee” shall have the meaning assigned to such term in Section 2.12(b).
L/C Disbursement means a payment made by any Issuing Bank pursuant to a Letter of Credit.
L/C Disbursement as defined in Subsection 3.5(a).
L/C Disbursement has the meaning specified in Section 2.03(c)(i).
L/C Disbursement means the amount of any payment by any L/C Issuer to a beneficiary pursuant to a drawing on a Letter of Credit.