LOC Agent Bank definition

LOC Agent Bank. The meaning specified in the definition of "Letter of Credit" in this Section 1.1.
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LOC Agent Bank. The meaning specified in the definition of the term Letter of Credit Reimbursement Obligation.
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LOC Agent Bank. The meaning specified in the definition of “Letter of Credit” in this Section 1.1.
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Examples of LOC Agent Bank in a sentence

  • The Indenture is amended (after giving effect to all other modification set forth above) by removing all references to Letter(s) of Credit, Prefunded Letter(s) of Credit, LOC Agent Bank and Letter of Credit Reserve Account, including by deleting in their entirety any clauses or provisions that relate solely thereto (including, without limitation, Section 10.4), and inserting “[Reserved]” where necessary to maintain section and clause designations.

  • LC Commitment Amount: With respect to any Pre-funded Letter of Credit, the amount which the Issuer could be required to pay to the Pre-funded LOC Agent Bank in respect thereof (including, for the avoidance of doubt, any portion thereof which the Issuer has collateralized or deposited into a trust or with the Pre-funded LOC Agent Bank for the purpose of making such payments).


More Definitions of LOC Agent Bank

LOC Agent Bank. The meaning specified in the definition of the term “Letter of Credit Reimbursement Obligation.” “London Banking Day”: A day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London, England. “LSTA”: The Loan Syndications and Trading Association. “Maintenance Covenant”: A covenant by any Obligor to comply with one or more financial covenants during each reporting period, whether or not such Obligor has taken any specified action. “Majority”: (a) With respect to any Class or Classes of Secured Notes, the Holders of more than 50% of the Aggregate Outstanding Amount of the Secured Notes of such Class or Classes and (b) with respect to the Subordinated Notes, the Holders of more than 50% of the Aggregate Outstanding Amount of the Subordinated Notes. “Management Fees”: The Base Management Fee and the Subordinated Management Fee. “Mandatory Redemption”: A redemption of the Notes in accordance with Section 9.1. “Mandatory Tender”: The meaning specified in Section 9.8(b). “Margin Stock”: “Margin Stock” as defined under Regulation U issued by the Board of Governors of the Federal Reserve System, including any debt security which is by its terms convertible into “Margin Stock.” “Market Value”: With respect to any Loans or other Assets, the amount (determined by the Collateral Manager) equal to the product of the principal amount thereof and the price determined in the following manner: (i) in the case of a loan only, the bid price determined by an Approved Loan Pricing Service or any other nationally recognized loan pricing service, as applicable, selected by the Collateral Manager with notice to the Rating Agency (in
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LOC Agent Bank. The meaning specified in the definition of the term “Pre-funded Letter of Credit”.
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Related to LOC Agent Bank

  • Agent Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

  • Bank Agent means the agent for the lenders under the Credit Agreement or its successors as agent for the lenders under the Credit Agreement.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of October 17, 1997, between the Agent and the Borrower, as amended, modified, supplemented or replaced from time to time.

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Credit Agent means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the lenders party to the Credit Agreement, or any successor or successors party thereto.

  • Collateral Agent as defined in the preamble hereto.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Syndication Agents as defined in the preamble hereto.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Fiscal Agent Agreement As defined in Section 8.13.

  • Canadian Agent as defined in the preamble hereto.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.