Common use of L/C Issuer Clause in Contracts

L/C Issuer. The L/C Issuer shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated therewith. The L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in this ARTICLE 9 with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and the Applications pertaining to such Letters of Credit as fully as if the term “Administrative Agent”, as used in this ARTICLE 9, included the L/C Issuer with respect to such acts or omissions (it being understood and agreed that for purposes of this Section 9.8, all references to “Lenders” in this ARTICLE 9 shall be deemed to be references to “Revolving Lenders”) and (ii) as additionally provided in this Agreement with respect to such L/C Issuer.

Appears in 8 contracts

Samples: Amendment No. 5 (Worldpay, Inc.), Amendment No. 4 (Vantiv, Inc.), Amendment and Restatement Agreement (Vantiv, Inc.)

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L/C Issuer. The L/C Issuer Issuers shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it them and the documents associated therewith. The L/C Issuer Issuers shall have all of the benefits and immunities (i) provided to the Administrative Agent in this ARTICLE Article 9 with respect to any acts taken or omissions suffered by the L/C Issuer Issuers in connection with Letters of Credit issued by it them or proposed to be issued by it them and the Applications pertaining to such Letters of Credit as fully as if the term “Administrative Agent”, ,” as used in this ARTICLE Article 9, included the L/C Issuer Issuers with respect to such acts or omissions (it being understood and agreed that for purposes of this Section 9.8, all references to “Lenders” in this ARTICLE Article 9 shall be deemed to be references to “Revolving Lenders”) and (ii) as additionally provided in this Agreement with respect to such L/C Issuer.

Appears in 7 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

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