Examples of LC Administrator in a sentence
Upon request, each Revolving Credit Lender shall execute such powers of attorney or other documents as any beneficiary of any Several Letter of Credit may reasonably request to evidence the authority of the L/C Administrator to execute and deliver such Several Letter of Credit and any amendment or other modification thereto on behalf of the Revolving Credit Lenders.
To the extent that the L/C Administrator has not received funds from a Revolving Credit Lender with respect to a Several Letter of Credit, the L/C Administrator shall only forward the funds actually received to the beneficiary.
Amendment, Consent and Waiver to Credit Agreement, dated as of January 18, 2011, by and among RenaissanceRe Holdings Ltd., various financial institutions listed on the signature pages thereto and Bank of America, N.A., as Fronting Bank, LC Administrator and Administrative Agent.
Each Revolving Credit Lender that agrees to act as a Limited Fronting Lender for any Non-SLC Bank shall promptly notify the Administrative Agent (which shall promptly notify the L/C Administrator) of such agreement and of any termination or expiration of such agreement.
The L/C Administrator is hereby authorized to execute and deliver each Several Letter of Credit and each amendment to a Several Letter of Credit on behalf of each Revolving Credit Lender provided that, upon request of the relevant Borrower, such Several Letter of Credit or amendment will be executed by each Revolving Credit Lender.
Tax reform was one of the priority policy areas of the Balcerowicz team.
The LC Administrator shall not amend any Several Letter of Credit to change the “Commitment Shares” of an LC Issuer or add or delete an LC Issuer liable thereunder unless such amendment is done in connection with an assignment in accordance with Section 11.6, a change in the Lenders and/or the Applicable Percentages as a result of any increase in the Aggregate Commitments pursuant to Section 2.11 or any other addition or replacement of a Lender in accordance with the terms of this Agreement.
Promptly following any LC Disbursement by any LC Issuer in respect of any Syndicated Letter of Credit, the LC Administrator will notify the applicable Borrower of such LC Disbursement; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse the LC Issuers with respect to any such LC Disbursement or the Guarantors of their guarantee of such obligation.
Each Letter of Credit to be issued after the Effective Date shall be issued upon notice, given not later than 11:00 a.m. (New York City time) on the fifth Business Day prior to the date of the proposed issuance of such Letter of Credit (or on such shorter notice as the L/C Administrator may agree), by the Borrower to the L/C Administrator and the L/C Issuer.
Comments were timely filed on July 30, 2015 by Bloom Energy, CCDC, jointly by CESA and NRDC, CSE, EtaGen, NFCRC, PG&E, Sierra Club, jointly by SolarCity and CALSEIA, and TURN and reply comments were timely filed on August 4, 2015 by Bloom Energy, CCDC, jointly by CESA and NRDC, CSE, NFCRC, SDG&E, jointly by SolarCity and CALSEIA, and SCE.