L/C Draft definition

L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit.
L/C Draft means a draft drawn on the Issuing Lender pursuant to a Letter of Credit.
L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit. “L/C Interest” shall have the meaning ascribed to such term in Section 3.6 hereof.

More Definitions of L/C Draft

L/C Draft a draft drawn on the Issuing Lender pursuant to a Letter of Credit.
L/C Draft means a draft drawn on the Agent pursuant to a Letter of Credit.
L/C Draft means a draft drawn on an Issuing Lender pursuant to any of the Letters of Credit.
L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit. “L/C Fee” is defined in Section 3.8(A) hereof.
L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit. "L/C Interest" shall have the meaning ascribed to such term in Section 3.5 hereof.
L/C Draft means a draft drawn on the Bank pursuant to a Letter of Credit.
L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit. “L/C Interest” is defined in Section 3.06 hereof. “L/C Obligations” means, without duplication, an amount equal to the sum of (i) the aggregate of the amount then available for drawing under each of the Letters of Credit, (ii) the face amount of all outstanding L/C Drafts corresponding to the Letters of Credit, which L/C Drafts have been accepted by an Issuing Bank, (iii) the aggregate outstanding amount of all Reimbursement Obligations at such time and (iv) the aggregate face amount of all Letters of Credit requested by the Borrower but not yet issued (unless the request for an unissued Letter of Credit has been denied). The L/C Obligations of any Lender at any time shall be its Pro Rata Share of the total L/C Obligations at such time. “Lender Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary. “Lenders” means the lending institutions listed on the signature pages of this Agreement or any Increasing Lender Supplement or Augmenting Lender Supplement and, as the context requires, any Issuing Bank, and their respective successors and assigns.