LOC Credit Disbursement definition

LOC Credit Disbursement means an amount drawn under the Series 1998-1 Letter of Credit pursuant to a Certificate of Credit Demand.
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LOC Credit Disbursement means an amount drawn under the Series 1997-2 Letter of Credit pursuant to a Certificate of Credit Demand.
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Examples of LOC Credit Disbursement in a sentence

  • The LOC Credit Disbursement does not exceed the Letter of Credit Available Amount or the amount that is available to be drawn by the Indenture Trustee under the Letter of Credit on the date of this certificate.

  • The amount of the draft accompanying this certificate is $__________, which is equal to the LOC Credit Disbursement.

  • The Trustee is making a drawing under the Series 2010-1 Letter of Credit as required by Section[s] [3.3(d) and/or 3.5(b)(ii)]8 of the Series 2010-1 Supplement for an amount equal to $ , which amount is a Series 2010-1 LOC Credit Disbursement (the “Series 2010-1 LOC Credit Disbursement”) and is equal to the amount allocated to making a drawing on the Series 2010-1 Letter of Credit under such Section[s] [3.3(d) and/or 3.5(b)(ii)]9 of the Series 2010-1 Supplement as described above.

  • The Trustee is making a drawing under the Series 2009-1 Letter of Credit as required by Section[s] [3.3(d) and/or 3.5(b)(ii)](8) of the Series 2009-1 Supplement for an amount equal to $ , which amount is a Series 2009-1 LOC Credit Disbursement (the “Series 2009-1 LOC Credit Disbursement”) and is equal to the amount allocated to making a drawing on the Series 2009-1 Letter of Credit under such Section [3.3(d) and/or 3.5(b)(ii)](9) of the Series 2009-1 Supplement as described above.

  • This Agreement hereby incorporates by reference as though fully set forth herein all provisions of the Credit Agreement set forth under Sections 5.1 through 5.10 thereof, including, without limitation, as if any Series 1997-1 LOC Credit Disbursement or the Series 1997-1 LOC Termination Disbursement referred to herein were Loans (as defined in the Credit Agreement) under the Credit Agreement.

  • Any of the CBG Benefit Plans that is an “employee pension benefit plan,” as that term is defined in ERISA Section 3(2), is referred to herein as a “CBG ERISA Plan.” Each CBG ERISA Plan that is also a “defined benefit plan” (as defined in Code Section 414(j)) is referred to herein as a “CBG Pension Plan,” and is identified as such in Section 4.15(a) of the CBG Disclosure Memorandum.

  • The Series 2004-1 LOC Credit Disbursement does not exceed the amount that is available to be drawn by the Trustee under the Series 2004-1 Letter of Credit on the date of this certificate.

  • The Series 2009-1 LOC Credit Disbursement does not exceed the amount that is available to be drawn by the Trustee under the Series 2009-1 Letter of Credit on the date of this certificate.

Related to LOC Credit Disbursement

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • LC means Letter of Credit

  • Revolving Advance has the meaning given in Section 2.1.

  • Letter of Credit Outstandings means, at any time, the sum of, without duplication, (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Limit means $5,000,000.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

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

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.