Outstanding LC Amount definition

Outstanding LC Amount has the meaning assigned to such term in Section 2.06(b).

Outstanding LC Amount means each sum that is or may be payable by an L/C Bank to a Beneficiary pursuant to the terms of a Documentary Credit which has not been reimbursed or in respect of which cash cover has not been provided by or on behalf of a relevant Borrower. “Parent” means Unitymedia.

Outstanding LC Amount means each sum paid or payable by an L/C Bank to a Documentary Credit Beneficiary pursuant to the terms of a Documentary Credit which has not been reimbursed or in respect of which cash cover has not been provided by or on behalf of a relevant Borrower.

Examples of Outstanding LC Amount in a sentence

• Each Borrower shall, in respect of each Documentary Credit issued on its behalf pay to the Facility Agent for the account of each Indemnifying Lender (for distribution in proportion to each Indemnifying Lender’s L/C Proportion of such Documentary Credit) a documentary credit fee in the currency in which the relevant Documentary Credit is denominated at a rate equal to the applicable Revolving Facility Margin applied on the Outstanding L/C Amount in relation to such Documentary Credit.

• If the Outstanding L/C Amount of an L/C has been reduced pursuant to Clause 8.1 above, the Outstandings shall be reduced by an equal amount.

• And the produces supplying for a city will be procured by its wholesale from the grower cooperatives, then sold to the retails, super markets or its inferior wholesales.

• The Borrower shall, in respect of each Documentary Credit, pay to the Facility Agent for the account of each Indemnifying Lender (for distribution in proportion to each Indemnifying Lender’s L/C Proportion of such Documentary Credit) a documentary credit fee in the currency in which the relevant Documentary Credit is denominated at a rate equal to the applicable Revolving Facility Margin applied on the Outstanding L/C Amount in relation to such Documentary Credit.

• A Borrower may give the Facility Agent not less than 3 Business Days prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it prior to its stated Expiry Date and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced in accordance with Clause 1.2(a)(xiii) ( Construction).

• The data collected on assessment of learning, through the administration of structured questionnaires, were coded and entered into a database.

• If the Outstanding L/C Amount of an L/C has been reduced pursuant to Clause 10.1 above, the Outstandings shall be reduced by an equal amount.