Delivery of Letters of Credit. Where a Letter of Credit is provided by way of Collateral, the obligation to deliver Equivalent Collateral is satisfied by Lender delivering for cancellation the Letter of Credit so provided, or where the Letter of Credit is provided in respect of more than one Loan, by Lender consenting to a reduction in the value of the Letter of Credit.
Appears in 7 contracts
Samples: Global Master Securities Lending Agreement, Global Master Securities Lending Agreement, Global Master Securities Lending Agreement
