L/C Lender definition

L/C Lender a Lender with an L/C Commitment.

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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

Any amendment of any Letter of Credit shall be subject to the prior written consent of the L/C Issuer and each L/C Lender.
In such event, each L/C Lender shall make funds available to the Administrative Agent for the account of the relevant L/C Issuer in Dollars, at the Administrative Agent’s Office for payments in an amount equal to its Pro Rata Share or other applicable share provided under this Agreement of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent (which Business Day, for the avoidance of doubt, may be the Honor Date).
Upon such payment by each L/C Lender severally, the Roll-Up Term Loan (Rev) deemed to have been borrowed in respect of the drawn Letter of Credit shall be deemed to have been assigned by the L/C Issuer to the applicable L/C Lender.

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. Bear ▇▇▇▇▇▇▇ Corporate Lending Inc., in its capacity as the party responsible for causing the issuance of Letters of Credit hereunder.

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 has the same meaning as Issuing Bank.