LC Facility definition

LC Facility and together with the Credit Facility, the “Debt Facilities”). Immediately following the consummation of the transactions contemplated hereby, the Company will be in compliance in all material respects with the covenants set forth in the Debt Facilities. Immediately following the repayment of any Consideration as required under Section 9.7(b)(iii)(D) of the Credit Facility, the Company will be able to redraw amounts equal to at least such Consideration.

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LC Facility means that certain letter of credit facility agreement, dated as of March 7, 2014, as amended on September 15, 2016, among the Company, certain financial institutions party thereto from time to time as letter of credit participants and issuers, and Barclays Bank PLC, as administrative agent as amended, restated, or otherwise modified from time to time.

LC Facility means one or more Debt Facilities (including, without limitation, the Letter of Credit Facility) under which letters of credit, surety or performance bonds, bankers’ acceptances or similar instruments may be issued for the benefit of the Company and any Restricted Subsidiary, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time (and without limitation as to terms, conditions, covenants and other provisions and whether or not with the original administrative agent, banks, institutional lenders, purchasers, investors, trustees or agents).

Examples of LC Facility in a sentence

Notwithstanding the foregoing, to the extent provided in any Permitted Amendment or Refinancing Amendment, the rate at which the LC Facility Fee accrues may differ among the Initial Revolver Lenders, and in such case, such LC Facility Fee shall be payable to the Initial Revolver Lenders on a ratable basis based on the amount of such LC Facility Fee owing to the Initial Revolver Lenders.
When an Event of Default under Section 11.1.1 exists, Borrowers shall pay interest (before as well as after entry of judgment thereon, to the extent permitted by Applicable Law) and the LC Facility Fee at a rate per annum equal to the Default Rate on any overdue Obligations.
Interest on Loans denominated in Pounds Sterling, interest on Base Rate Loans, interest on Canadian Prime Rate Loans, interest on Term ▇▇▇▇▇ Loans, interest on Settlement Loans and the LC Facility Fee on Letters of Credit denominated in Pounds Sterling or Canadian Dollars shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 365 or 366 days, as applicable.
Interest on Term SOFR Loans denominated in Dollars and the LC Facility Fee on Letters of Credit denominated in Dollars and all other fees and other charges provided for in this Agreement that are calculated as a per annum percentage of any amount shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 360 days.
Interest on Term SOFR Loans and Daily Simple SOFR Loans denominated in Dollars and the LC Facility Fee on Letters of Credit denominated in Dollars and all other fees and other charges provided for in this Agreement that are calculated as a per annum percentage of any amount shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 360 days.

More Definitions of LC Facility

LC Facility means the LC Facility Commitments, the LC Facility Deposits and the provisions hereof relating to LC Facility Letters of Credit.

LC Facility means (i) the NRG LC Facility, (ii) the Citibank LC Facility, and (iii) each other postpetition letter of credit facility on terms consistent with the Restructuring Support Agreement entered into by the Debtors and approved by the Bankruptcy Court during the Chapter 11 Cases.

LC Facility means the senior secured letter of credit facility evidenced by this Agreement and described in Section 2.5.

LC Facility means the subfacility for Letters of Credit established as part of the Commitments pursuant to Section 2.2.

LC Facility means the letter of credit facility established under Section 2.1(c) of this Agreement pursuant to which the LC Issuer shall issue Letters of Credit for the account of a Borrower in accordance with this Agreement, and each Lender shall participate in LC Issuances in accordance with this Agreement.

LC Facility means a sub-facility established pursuant to Section 1.13 of this Agreement and described in Annex 2 and shall be considered utilization of the Maximum Facility Amount.

LC Facility that certain Uncommitted Line of Credit and Reimbursement Agreement, dated as of July 16, 2021, among the Borrower, as the borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto, and Natixis, New York Branch, as administrative agent and collateral agent.