L/C Participants definition

L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.
L/C Participants means the collective reference to all the Lenders other than the Issuing Lender.
L/C Participants with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the Issuing Lender that issued such Letter of Credit.

Examples of L/C Participants in a sentence

  • The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Revolving Credit Commitment Percentages.

  • Each payment to the Administrative Agent of any Issuing Lender’s fees or L/C Participants’ commissions shall be made in like manner, but for the account of such Issuing Lender or the L/C Participants, as the case may be.

  • Subject to Section 5.15(a)(iii)(B), Centuri shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letters of Credit times 50% of the Applicable Margin with respect to Revolving Credit Loans that are LIBOR RateSOFR Loans (determined, in each case, on a per annum basis).

  • Subject to Section 5.15(a)(iii)(B), Centuri shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letters of Credit times 50% of the Applicable Margin with respect to Revolving Credit Loans that are SOFR Loans (determined, in each case, on a per annum basis).


More Definitions of L/C Participants

L/C Participants the collective reference to all the Revolving Credit Lenders other than the Issuing Lender.
L/C Participants means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the applicable Issuing Lender.
L/C Participants means the collective reference to all the Lenders having a Revolving Credit Commitment other than the applicable Issuing Lender.
L/C Participants the collective reference to all the Banks other than the Issuing Bank.
L/C Participants means with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the Issuing Lender that issued such letter of Credit.
L/C Participants means the collective reference to all the Banks other than the Issuing Bank in their respective capacities as participants in L/C Obligations.
L/C Participants means the collective reference to all the Revolving Credit Lenders.