L/C Lender definition
L/C Lender a Lender with an L/C Commitment.
L/C Lender has the meaning set out in Clause 7.1(b) (Issue of Documentary Credits).
L/C Lender means a Lender with a Revolving Facility Commitment and/or a Credit-Linked Commitment.
Examples of L/C Lender in a sentence
Each L/C Lender agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in full by the Borrower pursuant to Section 3.5(a), such L/C Lender shall pay to the Issuing Lender upon demand at the Issuing ▇▇▇▇▇▇’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of the amount of such draft, or any part thereof, that is not so reimbursed.
More Definitions of L/C Lender
L/C Lender means, as the context may require: (a) each of DB (solely in respect of standby Letters of Credit), Bank of America, N.A., Credit Agricole Corporate and Investment Bank, Fifth Third Bank and BNP Paribas or any of their respective Affiliates, in its capacity as issuer of Letters of Credit issued by it hereunder, together with its successors and assigns in such capacity; and/or (b) any other Revolving Lender or Revolving Lenders selected by Borrower and reasonably acceptable to Administrative Agent (such approval not to be unreasonably withheld or delayed) that agrees to become an L/C Lender, in each case under this clause (b) in its capacity as issuer of Letters of Credit issued by such Lender hereunder, together with its successors and assigns in such capacity.
L/C Lender means, at any time, any Lender that has a Letter of Credit Commitment at such time.
L/C Lender means a Lender with an L/C Commitment.
L/C Lender a Lender with an L/C Commitment. “L/C Percentage”: as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as such percentage may be adjusted
L/C Lender means, as the context may require: (a) with respect to each Existing Letter of Credit, any person listed on Schedule 2.03(s) as an L/C Lender, in its capacity as issuer of such Existing Letter of Credit), (b) each of DB (solely in respect of standby Letters of Credit), ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, and The Bank of Nova Scotia or any of their respective Affiliates, in its capacity as issuer of Letters of Credit issued by it hereunder, together with its successors and assigns in such capacity; and/or (c) any other Revolving Lender or Revolving Lenders selected by ▇▇▇▇▇▇▇▇ and reasonably acceptable to Administrative Agent (such approval not to be unreasonably withheld or delayed) that agrees to become an L/▇ ▇▇▇▇▇▇, in each case under this clause (c) in its capacity as issuer of Letters of Credit issued by such ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, together with its successors and assigns in such capacity.
L/C Lender. Bear ▇▇▇▇▇▇▇ Corporate Lending Inc., in its capacity as the party responsible for causing the issuance of Letters of Credit hereunder.
L/C Lender has the same meaning as Issuing Bank.