LC Loan definition

LC Loan means a loan by a Senior Lender to the Borrower deemed made pursuant to Section 3.03(c) and 3.03(f) (Reimbursement to Senior Issuing Banks) in connection with a draw upon any Letter of Credit.

LC Loan shall have the meaning set forth in Section 2.02(c)(ii) of the Agreement.

LC Loan has the meaning given in Section 2.2.5.

Examples of LC Loan in a sentence

• After the replacement of any LC Issuer hereunder, the replaced LC Issuer shall remain a party hereto and shall continue to have all the rights and obligations of such LC Issuer under this Agreement with respect to any Letter of Credit issued by it prior to such replacement (and any LC Reimbursement Obligation or LC Loan with respect thereto) but shall not be required to issue any additional Letter of Credit, as applicable.

• The holder of this Revolving Loan Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Revolving Loan and/or LC Loan made by Lender, and each payment or prepayment of principal hereunder.

• The failure to make any such notation or any error in any such notation shall not affect the validity of the obligations of Borrower to repay the full unpaid principal amount of each Revolving Loan and/or LC Loan or the duties of Borrower under this Revolving Loan Note or the Credit Agreement.

• Existing L/C Loan Party Cash Collateral in the Existing L/C Loan Party Cash Collateral Account.1 1 This account has an account balance of approximately $297,425.61.

• The Borrower shall, pursuant to Section 2.2.5, be entitled to reinstatement of the amounts drawn under each DSR Letter of Credit upon reimbursement of any such drawing or, in the event that such drawing is financed by an LC Loan, upon repayment of such LC Loan.

More Definitions of LC Loan

LC Loan means each and any O&M Reserve LC Loan, Debt Service Reserve LC Loan, Hedge LC Loan and Working Capital LC Loan.

LC Loan has the meaning set forth in Section 3.25(f).

LC Loan means the “Revolving LC Loan” under the CD Credit Agreement or the meaning given to such term in any Senior Secured Debt Instrument governing Working Capital Debt entered into from time to time.

LC Loan shall have the meaning assigned to such term in the Reimbursement Agreement or any Replacement LC Facility Agreement, as applicable.

LC Loan means “LC Loans” (or similar term) as defined in the Credit Facilities Agreement or any Replacement Credit Facilities Agreement, as applicable.

LC Loan means an loan made by the Revolving Lenders to the Borrower in respect of unreimbursed LC Disbursements in accordance with the terms of Section 2.06(e).

LC Loan means, as of any date, each Reimbursement Obligation that remains unpaid by the Company, in whole or in part, as of such date.