Letter of Credit Participation definition

Letter of Credit Participation shall have the meaning provided in Section 3.3(a).

Letter of Credit Participation has the meaning set forth in Section 2.2.3. hereof.

Letter of Credit Participation with respect to each Lender, its obligations to the Issuer under Section 2.9.

Examples of Letter of Credit Participation in a sentence

• No remedy herein conferred upon any Bank or the Agent or the holder of any Note or purchaser of any Letter of Credit Participation is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of law.

• The Administrative Agent may deem and treat the payee of any Note or the purchaser of any Letter of Credit Participation as the absolute owner or purchaser thereof for all purposes hereof until it shall have been furnished in writing with a different name by such payee or by a subsequent holder, assignee or transferee.

• The Agent may deem and treat the payee of any Note or the purchaser of any Letter of Credit Participation as the absolute owner or purchaser thereof for all purposes hereof until it shall have been furnished in writing with a different name by such payee or by a subsequent holder, assignee or transferee.

• No remedy herein conferred upon any Lender or the Administrative Agent or the holder of any Note or purchaser of any Letter of Credit Participation is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of law.

• The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Credit Agreement in accordance with a request of the Majority Banks, and such request and any action taken or failure to act pursuant thereto shall be binding upon the Banks and all future holders of the Revolving Credit Notes or of a Letter of Credit Participation.

More Definitions of Letter of Credit Participation

Letter of Credit Participation has the meaning assigned to that term in Section 1.13(a).

Letter of Credit Participation. See §5.1.4.

Letter of Credit Participation with respect to each Lender, its obligations to the Issuing Bank hereunder.

Letter of Credit Participation means, with respect to any Lender, the participation interest of such Lender in any Letter of Credit acquired pursuant to Section 1.15. The amount of the Letter of Credit Participation of a Lender in any Letter of Credit shall be deemed to be the amount equal to such Lender's pro rata share (determined on the basis of the Commitment at such time) of the sum of (a) the aggregate unpaid amount of all Drawings thereunder at such time and (b) the amount of any Contingent Reimbursement Obligations with respect thereto at such time.

Letter of Credit Participation. As defined in Section 2.A.9.

Letter of Credit Participation shall have the meaning provided in Section 2.4(f)(i).

Letter of Credit Participation with respect to each Lender, its obligations to the Issuing Bank under Section 2.19.