LC Reimbursement Obligations definition

LC Reimbursement Obligations means, at any time, all obligations of the Borrower to reimburse the LC Issuing Banks for amounts paid by the LC Issuing Banks in respect of drawings under Letters of Credit, including any portion of any such obligation to which a Lender has become subrogated pursuant to Section 2.17(k).

LC Reimbursement Obligations means, at any time, all obligations of the Borrower to reimburse the Issuing Bank for amounts paid by it in respect of drawings under Letters of Credit, including any portion of such obligations to which Lenders have become subrogated by making payments to the Issuing Bank pursuant to Section 2.04(e).

LC Reimbursement Obligations means, as applicable, Secured Facility LC Reimbursement Obligations or Unsecured Facility LC Reimbursement Obligations.

Examples of LC Reimbursement Obligations in a sentence

• No provision hereof shall be deemed to waive or limit the Borrower’s right to seek repayment of any payment of any L/C Reimbursement Obligations from the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable law.

• This Section 2.14 and Section 11.2 shall be construed so that the Loans and L/C Reimbursement Obligations are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any successor provisions).

• All payments hereunder of (i) principal or interest in respect of any Loan or (ii) Revolving L/C Reimbursement Obligations shall in each case be made in U.S. Dollars.

• No provision hereof shall be deemed to waive or limit the Borrowers’ right to seek repayment of any payment of any L/C Reimbursement Obligations from the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable law.

• Any such payment that is not deemed a Revolving Loan shall be deemed a funding by such Lender of its participation in the applicable Letter of Credit and the Letter of Credit Obligation in respect of the related L/C Reimbursement Obligations.

More Definitions of LC Reimbursement Obligations

LC Reimbursement Obligations means Borrower’s obligations under Section 2.17(e) to reimburse LC Disbursements.

LC Reimbursement Obligations means, at any time, all obligations of the Borrowers to reimburse the Bank for amounts paid by the Bank in respect of drawings under Letters of Credit.

LC Reimbursement Obligations means, at any time, the obligations of the Borrower then outstanding, or that may thereafter arise in respect of all LCs then outstanding, to reimburse amounts paid by the Lender in respect of LC Disbursements.

LC Reimbursement Obligations means, at any time, the aggregate outstanding amount of all obligations of the Borrowers to reimburse the Issuing Bank for LC Disbursements pursuant to S ection 2.06 of this Agreement.

LC Reimbursement Obligations means the obligation of the Borrower to reimburse the Bank pursuant to the Letter of Credit Documents for amounts drawn under a Letter of Credit.

LC Reimbursement Obligations means Revolving LC Reimbursement Obligations or Funded LC Reimbursement Obligations, as the context requires.

LC Reimbursement Obligations means, for any Letter of Credit, the obligation of the Parent Borrower to the L/C Issuer thereof or to Administrative Agent, as and when matured, to pay all amounts drawn under such Letter of Credit.