L/C Participant definition

L/C Participant shall have the meaning provided in Section 3.3(a).

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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

Each L/C Participant shall make available to the Administrative Agent for the account of the relevant Issuing Bank such L/C Participant’s Commitment Percentage of the amount of such payment no later than 1:00 p.m. (New York City time) on the first (1st) Business Day after the date notified by such Issuing Bank in immediately available funds.
A certificate submitted to the Borrower by the relevant Issuing Bank or an L/C Participant, as the case may be (a copy of which certificate shall be sent by such Issuing Bank or such L/C Participant to the Administrative Agent), setting forth in reasonable detail the basis for the determination of such additional amount or amounts necessary to compensate such Issuing Bank or such L/C Participant as aforesaid shall be conclusive and binding on the Borrower absent clearly 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).