LC Administrator definition

LC Administrator means BofA’s Letter of Credit Operations located at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, as letter of credit administrator for the Lenders, together with any replacement LC Administrator arising under Section 9.9.
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LC Administrator means National Australia Bank Limited, in its capacity as issuer of Syndicated Letters of Credit hereunder for and on behalf of the Lenders, and as an attorney-in-fact for such Lenders; provided that National Australia Bank Limited may elect to perform any of its obligations hereunder as LC Administrator under this Agreement or the other Loan Documents (including issuing Syndicated Letters of Credit) by acting through one or more of its Affiliates or branches, including National Australia Bank Limited, New York Branch and National Australia Bank Limited, London Branch, so long as such Affiliate or branch that issues Syndicated Letters of Credit hereunder is, in respect of any Syndicated Letter of Credit issued to a beneficiary domiciled in a US State which has adopted the NAIC model laws and rules, a NAIC Qualified Lender, and which complies with the related requirements applicable to the LC Administrator issuing Syndicated Letters of Credit hereunder, provided further that any exercise of such option shall not affect the obligations of the Loan Parties to repay such obligation (including in respect of Syndicated Letters of Credit in accordance with the terms of this Agreement. For the avoidance of doubt, the LC Administrator is not acting as a fronting bank in in respect of the Syndicated Letter of Credit, together with any replacement LC Administrator arising under SECTION 9.06.
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LC Administrator means Barclays Bank PLC, as letter of credit administrator for the Lenders, together with any replacement L/C Administrator.
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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.


More Definitions of LC Administrator

LC Administrator means Xxxxx Fargo, in such capacity, together with any replacement LC Administrator arising under Section 10.6.
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LC Administrator means Wells Fargo, in such capacity, together with any replacement LC Administrator arising under Section 10.6.
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LC Administrator means Bank of America’s Letter of Credit Operations located at Xxx Xxxxx Xxx, Xxxxxxxx, XX 00000, together with any replacement LC Administrator arising under Section 12.6 or 13.7.
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LC Administrator means MSCS, in its capacity as letter of credit administrator for the L/C Issuer, or any successor L/C Administrator.
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LC Administrator means Fleet’s Letter of Credit Operations located at Financial Institutions, Fleet National Bank, Attn: Xxxxxx Xxxxx, Financial Institutions, Mail Stop: CTEH40225C, 000 Xxxx Xxxxxx, Xxxxxxxx, XX 00000, as letter of credit administrator for the Lenders, together with any replacement LC Administrator arising under Section 9.9.
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Related to LC Administrator

  • Issuing Agent means Pareto Securities AB, or another party replacing it, as Issuing Agent, in accordance with these Terms and Conditions.

  • Program Administrator means the person retained by the Wisconsin PACE Commission as provided in subsection (5)(b).

  • Tax Administrator means the individual charged with direct responsibility for administration of an income tax levied by a municipal corporation in accordance with this chapter, and also includes the following:

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Determination Agent means Calculation Agent Services LLC and any successor or replacement thereto or any other entity appointed as determination agent in accordance with the terms of the Determination Agency Agreement.

  • Settlement Administrator means the administrator proposed by the Parties and appointed by the Court to administer the Settlement.

  • Scheme Administrator means the person or company appointed under an instrument by the founder to manage the administrative affairs of the scheme.

  • Compact administrator means: the individual in each compacting state appointed pursuant to the terms of this compact, responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • CFD Administrator means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes.

  • Collateral Custodian Xxxxx Fargo Bank, National Association, not in its individual capacity, but solely as Collateral Custodian, its successor in interest pursuant to Section 8.3 or such Person as shall have been appointed Collateral Custodian pursuant to Section 8.5.

  • Contract Administrator means the person authorized to represent the City in respect of the Contract and is identified at the time of award of the Contract;