LC Loans definition

LC Loans shall have the meaning provided in Section 2.4(c) of this Agreement.
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LC Loans means the DSR LC Loans and the Project LC Loans.
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LC Loans is defined in the Depositary Agreement.
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Examples of LC Loans in a sentence

  • All LC Loans resulting from drawings under any TA Letter of Credit, together with any Liquidation Costs incurred by the Borrower as a result of such prepayment, have been repaid in accordance with Sections 3.17(b) and 3.17(f).

  • This Section 3.3 shall not apply to Borrowings of Term Loans or LC Loans.

  • All computations of interest on LC Loans and Unreimbursed Obligations hereunder, as applicable, shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of 365 days (or 366 days in the case of a leap year) for the actual days elapsed.

  • In addition the Master Maintenance Technician will receive a stipend of $100 per month for those months providing On-Call Coverage.

  • The Committed Lenders or their Groups will satisfy their funding obligations under this Section 2.7(d) by funding LC Loans pursuant to Section 2.8(a).

  • Notwithstanding the fact that LC Loans are being made to the Borrower, all LC Loans shall be disbursed directly to the LC Issuer for application to the specified LC Reimbursement Obligation on the Borrower’s behalf.

  • On the LC Loan Maturity Date the Borrower shall repay to Administrative Agent, an amount equal to all LC Loans plus all interest, fees and costs with respect to such LC Loans.

  • Adjusted Daily Simple SOFR applicable to an Interest Period for LC Loans shall be that in effect two (2) Business Days before the first day of the applicable Interest Period for such Adjusted Daily Simple SOFR LC Loan, and the Base Rate for any applicable Base Rate LC Loan shall be equal to the Base Rate in effect on the date when such Base Rate Loan is made or deemed made hereunder.

  • All such LC Loans made with respect to drawings under a DSR Letter of Credit under this Section 2.1(m)(iii)(B) shall satisfy the obligations of the applicable DSR LC Lenders to make such LC Loans hereunder, and shall be secured by the Collateral Documents as if made directly to the Borrower.

  • The sum of the maximum stated amount of the Letters of Credit, the aggregate amount of any Unreimbursed Obligations and the aggregate principal of any outstanding LC Loans shall in no event exceed the Maximum LC Commitment at any time.


More Definitions of LC Loans

LC Loans means the loans made by the Lenders to the Borrower pursuant to clause (iii) of Section 2.01(a).
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LC Loans means the aggregate of the LC Loans of all the Lenders;
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LC Loans means the loans now or hereafter made by Agent or any Lender to or for the benefit of Borrower at any time prior to the Redemption Date arising pursuant to payment made by Agent or any Lender to any beneficiary or issuer of any of the Letter of Credit Accommodations as set forth in Section 3.2 hereof.
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LC Loans is defined in Section 2.7.
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LC Loans has the meaning assigned to such term in Section 2.18(e)(ii). Each LC Loan shall be either an ABR Loan or a Eurodollar Loan.
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LC Loans means any Cash Collateral Loans, DSRA LC Loans, Energy Hedge LC Loans and Project Agreement LC Loans.
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Related to LC Loans

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loans as defined in Section 2.1.

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Swingline Loans as defined in Section 2.6.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Swing Loans each is defined in Section 1.7 hereof.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • New Revolving Loans as defined in Section 2.25.