Additional LC has the meaning given in Clause 17.3.1(b).
Examples of Additional LC in a sentence
In connection with the delivery of the Notice of Additional L/C Issuer, such US A-1 Lender shall also execute and deliver to the Administrative Agent a joinder, in form and substance satisfactory to the Administrative Agent, to the Loss Sharing Agreement in its capacity as an L/C Issuer.
Any US A-1 Lender hereunder may become an L/C Issuer upon receipt by the Administrative Agent of a fully executed Notice of Additional L/C Issuer (which Notice of Additional L/C Issuer shall specify the L/C Commitment of such new L/C Issuer) which shall be signed by the US Borrower, the Administrative Agent and each L/C Issuer.