LC Cost definition
LC Cost means the amount of costs and expenses incurred by Owner in ------- connection with its furnishing of the Letter of Credit.
Examples of LC Cost in a sentence
Neither the Intercreditor Agent nor the Offshore Collateral Agent shall be under any obligation to determine or verify whether the issuer or confirming institution of any Disbursement LC or Cost Overrun LC is an Acceptable LC Provider or whether a Disbursement LC or Cost Overrun LC or any Performance Guarantee in favor of the Intercreditor Agent or the Offshore Collateral Agent constitutes an acceptable Disbursement LC, Cost Overrun LC or Performance Guarantee, as applicable.