LC Loan definition

LC Loan shall have the meaning set forth in Section 2.02(c)(ii) of the Agreement.

LC Loan means a loan by a Senior Lender to the Borrower deemed made pursuant to Section 3.03(c) and 3.03(f) (Reimbursement to Senior Issuing Banks) in connection with a draw upon any Letter of Credit.

LC Loan has the meaning given in Section 2.2.3.

Examples of LC Loan in a sentence

• They claim common sense supports their expectation that, as the deemed funders of the Deposit L/C Loan Collateral Account, they be accorded, when the Deposit Letter of Credit Facility ended, payment priority over the Other Lenders who did not fund that Account.

• After the Deposit L/C Lenders furnished the $1.25 billion for the Deposit Letter of Credit Facility, those funds were deposited into a segregated account called the Deposit L/C Loan Collateral Account (sometimes referred to simply as the “Account”).

• They describe the order of payments from specified funds; once the amounts due at the first level are completely satisfied, then the funds flow over the waterfall to the next level, which must also be satisfied before funds can flow to the next level, and so on.The first waterfall, in subsection (a), which governs the distribution of all funds other than the funds in the Deposit L/C Loan Collateral Account, is not relevant for our analysis.

• Africa has the unique opportunity to do so in a far more sustainable, less carbon-intensive, and least-cost manner than many other parts of the world.

• Moreover, Citibank was appointed the custodian of the account (in this capacity, the “Collateral Agent”), so it was able to release the reimbursement funds to itself for Deposit L/Cs.Appellants seek to be paid from the remaining money in the Deposit L/C Loan Collateral Account before the Other Lenders who participated in loaning the remaining$23.25 billion of the overall credit facilities.

More Definitions of LC Loan

LC Loan means each and any O&M Reserve LC Loan, Debt Service Reserve LC Loan, Hedge LC Loan and Working Capital LC Loan.

LC Loan means a loan by a Working Capital Lender to the Borrower deemed made pursuant to Section 3.03(c) and Section 3.03(f) (Reimbursement to Issuing Banks).

LC Loan has the meaning set forth in Section 3.25(f).

LC Loan means an loan made by the Revolving Lenders to the Borrower in respect of unreimbursed LC Disbursements in accordance with the terms of Section 2.06(e).

LC Loan means the “Revolving LC Loan” under the CD Credit Agreement or the meaning given to such term in any Senior Secured Debt Instrument governing Working Capital Debt entered into from time to time.

LC Loan means, as of any date, each Reimbursement Obligation that remains unpaid by the Company, in whole or in part, as of such date.

LC Loan shall have the meaning assigned to such term in the Reimbursement Agreement or any Replacement LC Facility Agreement, as applicable.