DSR Letter of Credit definition

DSR Letter of Credit means any letter of credit issued pursuant to Section 2.05 for the purpose set forth in Section 5.01(f), which letter of credit shall be substantially in the form of Exhibit H-1 or otherwise in form and substance reasonably acceptable to the applicable Issuing Bank, the Administrative Agent and the Borrower.

DSR Letter of Credit means a Letter of Credit used for DSR Purposes.

DSR Letter of Credit means a letter of credit in favor of the Collateral Agent substantially in the form of Exhibit A, issued or to be issued by the Issuing Bank.

Examples of DSR Letter of Credit in a sentence

• No Default or Event of Default shall have occurred and be continuing (unless the issuance of any DSR Letter of Credit would cure any Default).

• Such DSR Issuing Bank shall have received an LC Request pursuant to and in compliance with Section 3.25(a) in respect of the issuance of such DSR Letter of Credit.

• In such event, Borrower shall be deemed to have requested a DSR Loan (in the case of a DSR Letter of Credit) or a Revolving Loan (in the case of a WC Letter of Credit) from such Issuing Bank, in either case, that is a Base Rate Loan to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.2 (Revolving Loans) for the principal amount of Base Rate Loans or the conditions set forth in Section 3 (Conditions Precedent).

More Definitions of DSR Letter of Credit

DSR Letter of Credit has the meaning assigned to such term in Section 2.2.3.

DSR Letter of Credit has the meaning specified in the Depositary Agreement.

DSR Letter of Credit means an irrevocable letter of credit issued by a Facility Lender in favour of the Canadian Security Trustee or the U.S. Security Trustee, as applicable, pursuant to the Facility Agreements.

DSR Letter of Credit means one or more letters of credit issued in favor of the Collateral Agent for the benefit of (a) the Secured Parties and (b) any holders of Indebtedness under, and any other collateral agents or representatives for the holders of any Indebtedness under, any Incremental Term Facilities secured by the Collateral on a pari passu basis, by an Acceptable Letter of Credit Provider, which the Borrowers have designated as a “DSR Letter of Credit” to the Collateral Agent in writing.

DSR Letter of Credit means (a) any letter of credit, in form and substance reasonably satisfactory to the Administrative Agent, issued under the Revolving Facility, if any, or (b) any irrevocable standby letter of credit, in form and substance reasonably satisfactory to the Administrative Agent, (i) issued by an Acceptable LC Issuer on account of an applicant (which shall not be a Loan Party or a Subsidiary of a Loan Party), (ii) in respect of which no Loan Party or Subsidiary of a Loan Party has any reimbursement obligations or has provided any credit support therefor and (iii) which letter of credit shall name the Collateral Agent (for the benefit of the Secured Parties) as the beneficiary thereunder.

DSR Letter of Credit means a letter of credit provided by the Company in respect of all or a portion of the DSRA Required Balance.

DSR Letter of Credit means (a) an LC Facility Letter of Credit or (b) any Acceptable Letter of Credit, in each case, naming the Collateral Agent (for the benefit of the Lender Parties) as the beneficiary thereunder and delivered to the Collateral Agent (with notice thereof delivered to the Depositary) to fund all or a portion of the Debt Service Reserve Requirement.