LC Documents definition

LC Documents means all applications, agreements and instruments relating to the Letters of Credit but excluding the Letters of Credit.
LC Documents means, with respect to any Letter of Credit, any documents executed in connection with such Letter of Credit, including the Letter of Credit itself.
LC Documents means, as to any Letter of Credit, each LC Application and any other document, agreement and instrument entered into by the relevant LC Issuing Bank and Borrower in favor of such LC Issuing Bank and relating to such Letter of Credit.

Examples of LC Documents in a sentence

  • Neither Administrative Agent nor any Bank shall have any liability to any Participating Lender by reason of Administrative Agent’s or such Bank’s, as applicable, refraining to take any action under any of the LC Documents without having first received written instructions from the Required Lenders to take such action.

  • Neither Administrative Agent nor any Bank assumes any responsibility for any failure or delay in performance or breach by any or all Borrowers or any other Person of any of its obligations under any of the LC Documents.

  • Neither Administrative Agent nor any Bank makes to Participating Lenders any express or implied warranty, representation or guaranty with respect to the Collateral, the LC Documents, or any Obligor.

  • Administrative Agent and any Bank may consult with and employ legal counsel, accountants and other experts and to advise it concerning its rights, powers and privileges under the LC Documents and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts.

  • Administrative Agent and any Bank may employ agents and attorneys-in-fact in connection with any matter relating to the LC Documents and shall not be liable for the negligence, default or misconduct of any such agents or attorneys-in-fact selected by Administrative Agent or such Bank, as applicable, with reasonable care.


More Definitions of LC Documents

LC Documents means all documents, instruments and agreements delivered by Borrower or any Restricted Subsidiary that is a co-applicant in respect of any Letter of Credit to any Issuing Bank or the Administrative Agent in connection with any Letter of Credit.
LC Documents means all applications, agreements and instruments relating to the Letters of Credit (but excluding the Letters of Credit).
LC Documents all documents, instruments and agreements (including LC Requests and LC Applications) delivered by Borrowers or any other Person to Issuing Bank or Agent in connection with any Letter of Credit.
LC Documents means, with respect to any Letter of Credit, such Letter of Credit, any amendments thereto, any documents delivered in connection therewith, any application therefor and any agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (i) the rights and obligations of the parties concerned or at risk or (ii) any collateral security for such obligations.
LC Documents means the Canadian LC Documents and the U.S. LC Documents.
LC Documents means, with respect to any Letter of Credit, any documents executed in connection with such Letter of Credit, excluding the Letter of Credit itself.
LC Documents any and all agreements, instruments and documents (other than an LC Application) required by any Bank to be executed by any or all Borrowers or any other Person and delivered to such Bank for the issuance of a Letter of Credit by such Bank.