L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrowers to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.
L/C Reimbursement Obligation means a US L/C Reimbursement Obligation or a Canadian L/C Reimbursement Obligation.
Examples of L/C Reimbursement Obligation in a sentence
The Borrower agrees to pay to the L/C Issuer of any Letter of Credit, or to the Revolver Agent for the benefit of such L/C Issuer, each L/C Reimbursement Obligation owing with respect to such Letter of Credit no later than the first Business Day after the Borrower receives notice from such L/C Issuer that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set forth in clause (A) below.
More Definitions of L/C Reimbursement Obligation
L/C Reimbursement Obligation means any Revolving L/C Reimbursement Obligation or any DSR L/C Reimbursement Obligation.
L/C Reimbursement Obligation for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof or to Administrative Agent, as and when matured, to pay all amounts drawn under such Letter of Credit. For example, the aggregate amount of L/C Reimbursement Obligations with respect to an undrawn $100 Letter of Credit would be equal to $100.
L/C Reimbursement Obligation is defined in Section 4.6.
L/C Reimbursement Obligation means the Borrower’s obligation to repay L/C Disbursements as provided in Sections 2.04(e) and (f).
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereofLC Facility Lender(s) that Issued (or caused the Issuance) of such Letter of Credit or to Agent, as and when matured, to pay all amounts drawn under such Letter of Credit., together with any taxes, fees, charges or other costs or expenses incurred by such LC Facility Lender including, for the avoidance of doubt, any such amounts paid or payable by such LC Facility Lender pursuant to the L/C Side Letter to the extent not otherwise paid directly by the Borrower thereunder or for which such LC Facility Lender previously received reimbursement from the Borrower.
L/C Reimbursement Obligation shall have the meaning set forth in the DIP Credit Agreement or the Pre-Petition Credit Agreement (as applicable).
L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrowers to the L/C Issuer thereof or to Agent, as and when matured, to pay all amounts drawn under such Letter of Credit. “L/C Request” as defined in Section 2.1(c)(ii). “L/C Sublimit” as defined in Section 2.1(c)(i)(A). “Lead Arranger” means Capital One, National Association. “Lender” as defined in the preamble hereto. “Lending Office” means, with respect to any Lender, the office or offices of such Lender specified as its “Lending Office” beneath its name on the applicable signature page hereto, or such other office or offices of such Lender as it may from time to time notify the Borrower Representative and Agent. “Letter of Credit” means documentary or standby letters of credit Issued for the account of the Borrowers by L/C Issuers, and bankers’ acceptances issued by a Borrower in connection therewith, for which Agent and Lenders have incurred Letter of Credit Obligations. “Letter of Credit Fee” as defined in Section 2.9(c).