DSR Letter of Credit means any letter of credit issued pursuant to Section 2.05 for the purpose set forth in Section 5.01(f), which letter of credit shall be substantially in the form of Exhibit H-1 or otherwise in form and substance reasonably acceptable to the applicable Issuing Bank, the Administrative Agent and the Borrower.
DSR Letter of Credit means a Letter of Credit used for DSR Purposes.
DSR Letter of Credit means a letter of credit in favor of the Collateral Agent substantially in the form of Exhibit A, issued or to be issued by the Issuing Bank.
Examples of DSR Letter of Credit in a sentence
In addition, if (i) any DSR Letter of Credit is then in effect and (ii) the Borrower does not have sufficient funds available to pay interest in respect of the Initial Term Loans, the Borrower may direct the Administrative Agent to make a drawing on such DSR Letter of Credit in an amount as may be necessary to pay such interest.
Neither the use of funds in the Debt Service Reserve Account, nor the making of any drawing on a DSR Letter of Credit, to pay interest on the Initial Term Loans shall be, or result in, a Default or Event of Default.
More Definitions of DSR Letter of Credit
DSR Letter of Credit has the meaning assigned to such term in Section 2.2.3.
DSR Letter of Credit has the meaning specified in the Depositary Agreement.
DSR Letter of Credit means an irrevocable letter of credit issued by a Facility Lender in favour of the Canadian Security Trustee or the U.S. Security Trustee, as applicable, pursuant to the Facility Agreements.
DSR Letter of Credit means one or more letters of credit issued in favor of the Collateral Agent for the benefit of (a) the Secured Parties and (b) any holders of Indebtedness under, and any other collateral agents or representatives for the holders of any Indebtedness under, any Incremental Term Facilities secured by the Collateral on a pari passu basis, by an Acceptable Letter of Credit Provider, which the Borrowers have designated as a “DSR Letter of Credit” to the Collateral Agent in writing.
DSR Letter of Credit means (a) any letter of credit, in form and substance reasonably satisfactory to the Administrative Agent, issued under the Revolving Facility, if any, or (b) any irrevocable standby letter of credit, in form and substance reasonably satisfactory to the Administrative Agent, (i) issued by an Acceptable LC Issuer on account of an applicant (which shall not be a Loan Party or a Subsidiary of a Loan Party), (ii) in respect of which no Loan Party or Subsidiary of a Loan Party has any reimbursement obligations or has provided any credit support therefor and (iii) which letter of credit shall name the Collateral Agent (for the benefit of the Secured Parties) as the beneficiary thereunder.
DSR Letter of Credit means a letter of credit provided by the Company in respect of all or a portion of the DSRA Required Balance.
DSR Letter of Credit as defined in Section 5.14(d). “DSRA Deficiency” : as defined in Section 5.14(c). “EEA Financial Institution”: (a) any institution established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. “EEA Member Country”: (a) any of the member states of the European Union, (b) Iceland, (c) Liechtenstein and (d)