LC Participation Amount definition

LC Participation Amount means at any time of determination, the sum of the amounts then available to be drawn under all outstanding Letters of Credit.

LC Participation Amount means, at any time, the then sum of the undrawn amounts of all outstanding Letters of Credit.

LC Participation Amount means at any time of determination, and with respect to any currency, the sum of the amounts then available to be drawn under all outstanding Letters of Credit denominated in such currency.

Examples of LC Participation Amount in a sentence

• The Transfer Supplement shall be an amendment hereof only to the extent necessary to reflect the addition of such Purchasing Related Committed Lender as a “Related Committed Lender” and a “Related LC Participant” and any resulting adjustment of the selling Related Committed Lender’s Commitment and, if applicable, selling Related LC Participant’s Ratable Share of the LC Participation Amount.

• Notwithstanding anything in this paragraph (f) to the contrary, no Related Committed Lender or Related LC Participant shall be required to make a Loan or payment with respect to such drawing pursuant to this paragraph for an amount which would cause the aggregate amount of the Capital of such Related Committed Lender or the Ratable Share of the LC Participation Amount of such Related LC Participant (after giving effect to such Loan or payment with respect to such drawing) to exceed its Commitment.

More Definitions of LC Participation Amount

LC Participation Amount means, at any time, the then aggregate face amount of the outstanding Letters of Credit.

LC Participation Amount means, at any time, the excess, if any, of (a) aggregate face amount of the outstanding Letters of Credit at such time over (b) the amount of any drawings made under such Letters of Credit.

LC Participation Amount means, in relation to a Lender in respect of any Letter of Credit, the commitment of that Lender to the beneficiary under that Letter of Credit as defined in the relevant Letter of Credit.

LC Participation Amount. At any time of determination, the sum of the amounts then available to be drawn under all outstanding Letters of Credit.

LC Participation Amount means, at any time, the then sum of the undrawn amounts of all outstanding Letters of Credits. “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller pursuant to this

LC Participation Amount means with respect to any LC Bank, at any time, the then sum of the undrawn amounts of all outstanding Letters of Credit issued by such LC Bank. 740811803 17540157

LC Participation Amount means, at any time, the then aggregate undrawn face amount of all outstanding Letters of Credit. “LCR Security” means any commercial paper or security (other than equity securities issued to Xxxxxx Tire or any Originator that is a consolidated subsidiary of Xxxxxx Tire under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014). “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller (or for the account of an Originator or any of its Subsidiaries, as applicable) pursuant to this Agreement. “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement. “LIBOR” means LMIR or the Euro-Rate, as applicable.