DSR Letter of Credit definition

DSR Letter of Credit means a Letter of Credit used for DSR Purposes.

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 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

• Only Letters of Credit that are either a DSR Letter of Credit or a Working Capital Letter of Credit shall be issued.

• Such DSR Issuing Bank shall have received an LC Request pursuant to and in compliance with Section 3.25(a) in respect of the issuance of such DSR Letter of Credit.

• No Default or Event of Default shall have occurred and be continuing (unless the issuance of any DSR Letter of Credit would cure any Default).

• Payments of DSR Bonds shall not give rise to a reinstatement of the Stated Amount of the DSR Letter of Credit.

• For certainty, the DSR Facility is intended hereunder to be a non-fronted letter of credit facility, such that the DSR Lender with respect to any DSR Letter of Credit is the same entity as, or an Affiliate of, the Issuing Bank that has issued such DSR Letter of Credit.

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 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 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 an irrevocable standby letter of credit to be issued pursuant to Section 2.17 for the account of the Borrower by any DSR LC Issuing Bank for the benefit of the Collateral Agent, substantially in the form of Exhibit N and in a maximum stated amount, when aggregated with all other DSR Letters of Credit issued by such DSR LC Issuing Bank, not to exceed the DSR LC Commitment of such DSR LC Issuing Bank.

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.