L/Cs definition

L/Cs as defined in Subsection 3.1(a).
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L/Cs the U.S. Facility Letters of Credit and the Canadian Facility Letters of Credit.
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L/Cs letters of credit issued by any Issuing Lender to, or for the account of the Borrowers, pursuant to Section 3.
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Examples of L/Cs in a sentence

  • All terms of this Agreement shall apply to any such Lending Installation and the Loans, Facility LCs, participations in LC Obligations and any Notes issued hereunder shall be deemed held by each Lender or the LC Issuer, as the case may be, for the benefit of any such Lending Installation.

  • The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19.

  • Each Lender may book its Loans and its participation in any LC Obligations and the LC Issuer may book the Facility LCs at any Lending Installation selected by such Lender or the LC Issuer, as the case may be, and may change its Lending Installation from time to time.

  • The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.20.

  • Each Lender and the LC Issuer may, by written notice to the Administrative Agent and the Borrower in accordance with Article XIII, designate replacement or additional Lending Installations through which Loans will be made by it or Facility LCs will be issued by it and for whose account Loan payments or payments with respect to Facility LCs are to be made.


More Definitions of L/Cs

L/Cs shall have the meanings specified in Section 1.6(a) hereof.
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L/Cs the U.S. RCF Letters of Credit and the Canadian RCF Letters of Credit.
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L/Cs as defined in Section 3.1(a), which shall be deemed to include the Existing L/Cs.
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L/Cs has the meaning given in the Recitals.
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L/Cs means collectively the two letters of credit to be issued by the L/C Bank in favour of the Builder in connection with each Shipbuilding Contract in accordance with the terms of the L/C Facility Agreement together with any amendments thereto or supplements thereof and, in the singular, means either of them;
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L/Cs means, collectively, the Domestic L/Cs and the Foreign Currency L/Cs, and "L/C" shall mean any one of them.
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L/Cs means any of the letters of credit issued pursuant to Article III.
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