LC Facility Lender definition

LC Facility Lender means a Lender having an LC Facility Participation.

LC Facility Lender means any Lender that has an LC Facility Commitment or, if the LC Facility Commitments have expired or been terminated, that holds an LC Facility Advance.

LC Facility Lender a Lender having an LC Facility Participation.

Examples of LC Facility Lender in a sentence

• No provision hereof shall be deemed to waive or limit the Borrower’s right to seek repayment of any payment of any L/C Reimbursement Obligations from any LC Facility Lender under the terms of the applicable L/C Reimbursement Agreement, any other agreement with such LC Facility Lender or applicable law.

• The Borrower shall give each LC Facility Lender and Agent a notice of any requested Issuance of any Letter of Credit, which shall be effective only if received by each LC Facility Lender and Agent not later than 2:00 p.m. (New York time) on the third Business Day prior to the date of such requested Issuance.

• Such notice shall be made in a writing or Electronic Transmission substantially in the form of Exhibit 1.1(c) duly completed or in any other written form acceptable to such LC Facility Lender (an “L/C Request”).

More Definitions of LC Facility Lender

LC Facility Lender means a Lender with a LC Facility Commitment or any outstanding Credit-Linked Deposits.

LC Facility Lender means DBNY (or any of its Affiliates reasonably acceptable to the Borrower), in its capacity as the issuer of Letters of Credit under the LC Facility, and its successors in such capacity as provided in Section 2.29(i). The LC Facility Lender may, in its reasonable discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the LC Facility Lender reasonably acceptable to the Borrower, which Affiliate shall agree in writing reasonably acceptable to the Borrower to be bound by the provisions of the Loan Documents applicable to the LC Facility Lender, in which case the term “LC Facility Lender” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

LC Facility Lender means PNC Bank, National Association, and any successors thereto, solely in its capacity as the issuer of any letters of credit outstanding under the L/C Facility.

LC Facility Lender means any Person listed on Schedule 2 that has a commitment to make a Credit-Linked Deposit on the Effective Date and each other Person that has taken a participation in the LC Facility Letters of Credit pursuant to an Assignment and Acceptance.

LC Facility Lender means a Lender that has a LC Facility Commitment and/or that has an outstanding LC Facility Loan. "LC FACILITY LETTER OF CREDIT" or "LC FACILITY LETTERS OF CREDIT" means Standby Letters of Credit issued or to be issued by LC Facility Issuing Lenders pursuant to subsection 3.1. "LC FACILITY LETTER OF CREDIT REIMBURSEMENT DATE" has the meaning assigned to that term in subsection 3.3B(ii). "LC FACILITY LETTER OF CREDIT USAGE" means, as at any date of determination, the sum of (i) the maximum aggregate amount which is or at any time thereafter may become available for drawing under all LC Facility Letters of Credit then outstanding plus (ii) the aggregate amount of all drawings under LC Facility Letters of Credit honored by LC Facility Issuing Lenders and not theretofore reimbursed by Borrower.

LC Facility Lender means, collectively, (i) each Original LC Facility Lender that executes and delivers this Agreement on or prior to the Amendment and Restatement Effective Date and has an LC Facility Commitment and (ii) each other Person that (x) has an LC Facility Commitment or (y) has taken a participation in the LC Facility Letters of Credit pursuant to an Assignment and Acceptance, other than, in each case, any LC Facility Lender that has ceased to be a party hereto pursuant to an Assignment and Acceptance.

LC Facility Lender means a Lender having an LC Facility Deposit.