Letter of Credit Borrowing definition

Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

Letter of Credit Borrowing means as is specified in Section 2.8(c)(iii).

Examples of Letter of Credit Borrowing in a sentence

• If Agent is not the Issuer of any Letter of Credit, Borrowing AgentRepresentative shall authorize and direct Issuer to deliver to Agent all instruments, documents, and other writings and property received by Issuer pursuant to the Letter of Credit and to accept and rely upon Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit, and the application therefor.

• If Agent is not the Issuer of any Letter of Credit, Borrowing Agent shall authorize and direct the applicable Issuer to deliver to Agent all agreements, documents or instruments and property received by such Issuer pursuant to the Letter of Credit and to accept and rely upon Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit, the application therefor.

More Definitions of Letter of Credit Borrowing

Letter of Credit Borrowing has the meaning specified in Section 2.7.3.3 [Disbursements, Reimbursement].

Letter of Credit Borrowing has the meaning specified therefor in Section 3.04(d).

Letter of Credit Borrowing is an Advance comprised of a single Letter of Credit.

Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which shall not have been reimbursed on the date when made and shall not have been converted into a Revolving Credit Loan under Subsection 2.6d(B).

Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing.

Letter of Credit Borrowing shall have the meaning assigned to such term in Section 2.10.3(d) [Participations, Disbursements, Reimbursement].

Letter of Credit Borrowing shall have the meaning set forth in Section 2.11(d).