LC Participation definition

LC Participation has the meaning provided in Section 2.05(g)(i).

LC Participation means, with respect to any Lender, at any time, the amount of participating interest held by such Lender (or in the case of the Issuing Bank, other interests) in respect of a Letter of Credit.

LC Participation means, with respect to any Bank at any time, the amount of the participating interest held by such Bank in respect of a Letter of Credit.

Examples of LC Participation in a sentence

• All L/C Participation Fees and Issuing Bank Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

• All L/C Participation Fees and Issuing Bank Fees that are payable on a per annum basis shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

• All LC Participation Fees and Fronting Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

• Each Defaulting Lender shall be entitled to receive L/C Participation Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 9.4 hereof.

• Estimation of supply and delivery cost of energy wood from Northwest Russia.

More Definitions of LC Participation

LC Participation means an undivided interest and participation in a Letter of Credit purchased by an LC Participant from the LC Issuer pursuant to the terms of this Agreement.

LC Participation is defined in Section 2.4(c).

LC Participation means, with respect to any Bank at any time,

LC Participation has the meaning provided in Section 2.4(g)(i). “ LC Request ” has the meaning provided in Section 2.4(b).

LC Participation shall have the meaning set forth in Section 2.19(a).

LC Participation has the meaning provided in Section 2.05(g). “LC Request” has the meaning provided in Section 2.05(b). “Lead Arrangers” means Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets Inc., SunTrust Xxxxxxxx Xxxxxxxx, Inc., Xxxxxxx Sachs Bank USA, Xxxxxx Xxxxxxx Senior Funding, Inc., Citizens Bank, National Association and ING Capital LLC, as joint lead arrangers and joint bookrunners of the Credit Facilities in effect on the Closing Date. “Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures. “Legal Reservations” means, with respect to the Non-U.S. EMEA Credit Parties or (solely with respect to assets pledged under laws other than the United States, any State thereof, or the District of Columbia) any U.S. Credit Party: (i) the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court, the principle of reasonableness and fairness, the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, reorganisation, court schemes, moratoria, administration and other laws generally affecting the rights of creditors and secured creditors; (ii) the time barring of claims under the Limitation Acts or any applicable limitation statutes, the possibility that an undertaking to assume liability for or indemnify a person against nonpayment of stamp duty may be void and defenses of set-off or counterclaim; (iii) the principle that in certain circumstances security granted by way of fixed charge may be recharacterised by a court as a floating charge or that security purported to be constituted as an assignment may be recharacterised as a charge; (iv) the principle that additional interest or payment of compensation imposed pursuant to any relevant agreement may be held to be unenforceable on the grounds that it is a penalty and thus void;

LC Participation has the meaning ascribed to that term in Section ---------------- 1.10(a).