L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrowers to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.
L/C Reimbursement Obligation means a US L/C Reimbursement Obligation or a Canadian L/C Reimbursement Obligation.
Examples of L/C Reimbursement Obligation in a sentence
The Borrower agrees to pay to the L/C Issuer of any Letter of Credit, or to the Revolver Agent for the benefit of such L/C Issuer, each L/C Reimbursement Obligation owing with respect to such Letter of Credit no later than the first Business Day after the Borrower receives notice from such L/C Issuer that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set forth in clause (A) below.
More Definitions of L/C Reimbursement Obligation
L/C Reimbursement Obligation means any Revolving L/C Reimbursement Obligation or any DSR L/C Reimbursement Obligation.
L/C Reimbursement Obligation for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof or to Administrative Agent, as and when matured, to pay all amounts drawn under such Letter of Credit. For example, the aggregate amount of L/C Reimbursement Obligations with respect to an undrawn $100 Letter of Credit would be equal to $100.
L/C Reimbursement Obligation is defined in Section 4.6.
L/C Reimbursement Obligation means the Borrower’s obligation to repay L/C Disbursements as provided in Sections 2.04(e) and (f).
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the LC Facility Lender(s) that Issued (or caused the Issuance) of such Letter of Credit or to Agent, as and when matured, to pay all amounts drawn under such Letter of Credit, together with any taxes, fees, charges or other costs or expenses incurred by such LC Facility Lender including, for the avoidance of doubt, any such amounts paid or payable by such LC Facility Lender pursuant to the L/C Side Letter to the extent not otherwise paid directly by the Borrower thereunder or for which such LC Facility Lender previously received reimbursement from the Borrower.
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Parent Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit. “L/C Request” shall have the meaning assigned to such term in Section 1.1(d)(ii). “L/C Sublimit” shall have the meaning assigned to such term in Section 1.1(d)(i)(A). “Labcorp” means Laboratory Corporation of America Holdings, a Delaware corporation. “Latest Maturity Date” means, at any date of determination, the latest maturity or expiration date applicable to the latest to mature of any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Initial Term A Loan, Initial Term B Loan, any Incremental Term Loan, any Incremental Term Loan Commitment, any Extended Term Loan, any Extended Term Loan Commitment, any Other Term Loan, any Other Term Loan Commitment, any Revolving Loan Commitment, any Incremental Revolving Loan Commitment Increase,
L/C Reimbursement Obligation shall have the meaning set forth in the DIP Credit Agreement or the Pre-Petition Credit Agreement (as applicable).