LC Payment Amounts definition
LC Payment Amounts means, collectively, (a) all payments made by Borrowers to Administrative Agent, in immediately available funds, for payment of any Matured LC Obligations owing to LC Issuer, and (b) all fees and expenses of LC Issuer for and relating to the issuance, amendment and drawing of each such Letter of Credit that are paid by Borrower to Administrative Agent, in immediately available funds, pursuant to the terms of Section 3.2(c)(ii).
LC Payment Amounts means, with respect to any Other LC Issuer, collectively, (a) all payments made by Borrowers to Lender, in immediately available funds, for payment of any Matured LC Obligations owing to such Other LC Issuer, and (b) all fees and expenses of such Other LC Issuer for and relating to the issuance, amendment and drawing of each Letter of Credit issued by such Other LC Issuer that are paid by Borrower to Lender in immediately available funds pursuant to the terms of Section 3.2(c)(ii).
Examples of LC Payment Amounts in a sentence
All LC Payment Amounts received by Administrative Agent shall be paid to the applicable LC Issuer in accordance with the terms of this Section 2.8. The Administrative Agent shall indemnify the Borrowers for all LC Payment Amounts that it receives in immediately available funds that are not paid to the applicable LC Issuer in accordance with the terms hereof.