Senior LC Lenders definition

Senior LC Lenders means those lenders party to the Working Capital Facility Agreement from time to time. 163 Annex B Amended Working Capital Facility [See attached.] CONFORMED COPY $1,200,000,000 AMENDED AND RESTATED SENIOR WORKING CAPITAL REVOLVING CREDIT AND LETTER OF CREDIT REIMBURSEMENT AGREEMENT Dated as of September 4, 2015, AS AMENDED BY Third Omnibus Amendment, dated as of May 23, 2018 and; Fourth Omnibus Amendment, dated as of September 17, 2018; and Fifth Omnibus Amendment, Consent and Waiver, dated as of May 29, 2019 among SABINE PASS LIQUEFACTION, LLC as Borrower, THE BANK OF NOVA SCOTIA as Senior Issuing Bank and Senior Facility Agent, ABN AMRO CAPITAL USA LLC, HSBC BANK USA, NATIONAL ASSOCIATION and ING CAPITAL LLC as Senior Issuing Banks, SOCIÉTÉ GÉNÉRALE as Swing Line Lender, SOCIÉTÉ GÉNÉRALE as Common Security Trustee, and THE SENIOR LENDERS NAMED HEREIN as Senior Lenders, and for the benefit of HSBC BANK USA, NATIONAL ASSOCIATION, ING CAPITAL LLC, XXXXXX XXXXXXX BANK, N.A., and SUMITOMO MITSUI BANKING CORPORATION as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Documentation Agents ABN AMRO CAPITAL USA LLC, THE BANK OF NOVA SCOTIA, THE BANK OF TOKYO- MITSUBISHI UFJ, LTD. and SOCIÉTÉ GÉNÉRALE as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Syndication Agents INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH and LLOYDS BANK PLC as Mandated Lead Arrangers and LANDESBANK BADEN-WÜRTTEMBERG, NEW YORK BRANCH as Manager TABLE OF CONTENTS Section Page ARTICLE I DEFINITIONS AND INTERPRETATION 3 SECTION 1.01. Defined Terms 3 SECTION 1.02. Principles of Interpretation 22 SECTION 1.03. UCC Terms 22 SECTION 1.04. Accounting and Financial Determinations 22 ARTICLE II WORKING CAPITAL LOANS, SWING LINE LOANS AND COMMITMENTS 22 SECTION 2.01. Working Capital Loans 2322 SECTION 2.02. Notice of Working Capital Loan Borrowings 23 SECTION 2.03. Borrowing of Working Capital Loans 24 SECTION 2.04. Swing Line Loans 26 SECTION 2.05. Incremental Commitments 30 SECTION 2.06. Termination or Reduction of Commitments 31
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Senior LC Lenders means those lenders party to the Working Capital Facility Agreement from time to time.
Sample 1
Senior LC Lenders means those commercial bank lenders identified on Schedule 2.01, each Eligible Assignee that shall become a party hereto pursuant to Section 11.04 (Assignments) and, to the extent so provided in Section 3.03(e) (Reimbursement to Senior Issuing Bank), the Senior Issuing Bank.
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Examples of Senior LC Lenders in a sentence

  • In the event The Bank of Nova Scotia is no longer the Senior LC Facility Administrative Agent, any successor Senior LC Facility Administrative Agent may be removed at any time with cause by the Required Senior LC Lenders.

  • The obligations of the Senior Issuing Bank and the Senior LC Lenders under this Section 11.13 shall survive the payment in full of the Obligations and the termination of this Agreement.

  • It may realize as a clitic inflected for person and number (2.5a), as the free morpheme (h)ast (2.5 b-d) or as a past form of budan (2.5e).

  • In determining compliance with any condition hereunder to the issuance of a Letter of Credit that by its terms must be fulfilled to the satisfaction of the Required Senior LC Lenders, the Senior Issuing Bank may presume that such condition is satisfactory to the Required Senior LC Lenders unless the Senior Issuing Bank has received notice to the contrary from such Senior LC Lenders or the Intercreditor Agent prior to the issuance of such Letter of Credit.

  • The Bank of Nova Scotia hereby accepts this appointment and agrees to act as the Senior LC Facility Administrative Agent for the Senior LC Lenders and the Senior Issuing Bank in accordance with the terms of this Agreement.

  • Any actions, consents, approvals, authorizations or discretion taken, given, made or exercised, or not taken, given, made or exercised by the Senior LC Facility Administrative Agent, acting as a Secured Debt Holder Group Representative on behalf of the Senior LC Lenders and the Senior Issuing Bank, in accordance with the Intercreditor Agreement shall be binding on each Senior LC Lender and the Senior Issuing Bank.

  • The Senior LC Facility Administrative Agent shall have received a legal opinion of Xxxxxx Xxxxx LLP, New York counsel and special Delaware counsel to the Borrower, in form and substance reasonably satisfactory to the Senior LC Facility Administrative Agent, the Senior Issuing Bank and each of the Senior LC Lenders (with sufficient copies thereof for each addressee).

  • The Senior LC Facility Administrative Agent shall determine the interest rate applicable to the Loans and shall give prompt notice of such determination to the Borrower and the Senior LC Lenders.

  • The Senior Issuing Bank and each of the Senior LC Lenders agrees to notify the Borrower and the Senior LC Facility Administrative Agent promptly after any such setoff and application; provided that, the failure to give such notice shall not affect the validity of such setoff and application.

  • Each of the Senior LC Lenders and the Senior Issuing Bank acknowledges that it has, independently and without reliance upon the Senior LC Facility Administrative Agent, the Senior Issuing Bank (in the case of the Senior LC Lenders), any other Senior LC Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and make its Extensions of Credit.

Related to Senior LC Lenders

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • DIP Lender means a lender under the DIP Facility.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

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

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.