L/C Participant definition
L/C Participant shall have the meaning provided in Section 3.3(a).
L/C Participant shall have the meaning provided in Section 2A.04(a).
L/C Participant in respect of each Letter of Credit, each Bank (other than the Issuing Bank in respect of such Letter of Credit) in its capacity as the holder of a participating interest in such Letter of Credit.
Examples of L/C Participant in a sentence
If any such amount required to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available to the Administrative Agent for the account of the relevant Issuing Lender by such L/C Participant within three (3) Business Days after the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans under the Revolving Facility.
A certificate of the relevant Issuing Lender submitted to any relevant L/C Participant with respect to any amounts owing under this Section 3.4 shall be presumptively correct in the absence of demonstrable error.
More Definitions of L/C Participant
L/C Participant shall have the meaning assigned to such term in SECTION 2.17(C).
L/C Participant has the meaning set forth in Section 2A.5.
L/C Participant means the collective reference to all the Lenders other than the applicable Issuing Lender.
L/C Participant means, with respect to the L/C Facility, each Person executing this Agreement as a Lender under the Revolving Credit Facility (other than the Issuing Lender).
L/C Participant means any Person that is designated as the L/C Participant for each Lender Group in the Lender Supplement or in the Assignment Agreement pursuant to which it became a party to this Agreement.
L/C Participant means in respect of any Letter of Credit, the collective reference to all Revolving Lenders other than the Issuing Bank in respect of such Letter of Credit.
L/C Participant as defined in Section 3.1(a).