L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.
L/C Participants with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the Issuing Lender that issued such Letter of Credit.
Examples of L/C Participants in a sentence
Subject to Section 5.14, the Parent Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the face amount of such Letter of Credit multiplied by the Applicable Margin with respect to Revolving Credit Loans that are Term SOFR Loans (determined on a per annum basis).
The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section in accordance with their respective Revolving Credit Commitment Percentages.
More Definitions of L/C Participants
L/C Participants the collective reference to all the Revolving Credit Lenders other than the Issuing Lender.
L/C Participants means the collective reference to all the Revolving Credit Lenders other than the Issuing Lender.
L/C Participants means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the applicable Issuing Lender.
L/C Participants means the collective reference to all the Banks other than the Issuing Bank in their respective capacities as participants in L/C Obligations.
L/C Participants means, with respect to any Letter of Credit, the collective reference to all the Multi-Currency Lenders, other than the Issuing Lender with respect to such Letter of Credit (or, to the extent that the Issuing Lender is an affiliate of a Multi-Currency Lender, such Multi-Currency Lender).