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, the then aggregate face amount of the outstanding Letters of Credit.

More Definitions of LC Participation Amount

LC Participation Amount means, at any time, the sum of the then undrawn amounts of all outstanding Letters of Credits. For the avoidance of doubt, if any Letter of Credit expires or is surrendered without being drawn (in whole or in part) then the LC Participation Amount shall automatically reduce by the face amount of the Letter of Credit which is no longer outstanding.
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 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.
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 Request ” means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent, the LCBank and the Lenders pursuant to Section 3.02(a) .
LC Participation Amount means, at any time, the excess, i f any, o f (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, at any time, the then Dollar Equivalent of the 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 Agreement.
LC Participation Amount means at any time of determination, the sum of the amounts then available to be drawn under all outstanding Letters ofCredit.