Redelivery of Letters of Credit. Where a Letter of Credit is provided by way of Collateral, the obligation to redeliver Equivalent Collateral is satisfied by Lender redelivering 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 14 contracts
Samples: Master Securities Lending Agreement, www.sec.gov, Securities Lending Agreement
