Energy Hedge LC definition

Energy Hedge LC means one or more letters of credit to be issued pursuant to Section 2.2(a)(iii) of the Financing Agreement.
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Energy Hedge LC means that certain letter of credit, dated as of the later of the (i) Financial Closing Date and (ii) Trade Date (as defined in the Energy Hedge Agreement), issued in favor of the Energy Hedge Provider pursuant to Section 2.3(a)(i) of the Financing Agreement.
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Examples of Energy Hedge LC in a sentence

  • Each Energy Hedge LC shall be substantially in the form attached hereto as Exhibit Q-1.

  • Unless otherwise agreed by the Lenders in their sole discretion, upon any prepayment of Loans, Borrower shall terminate or partially terminate Interest Rate Agreements such that the notional amount under all of the Interest Rate Agreements combined shall not at any time exceed one hundred percent (100%) of the aggregate principal amount of the Term Loans, DSRA LC Loans and the Energy Hedge LC Loan outstanding during such period.

  • Administrative Agent shall, as soon as practicable (and, in any case, within two (2) Banking Days) after a Loan, Cash Collateral Loan, DSRA LC Loan, Energy Hedge LC Loan or Project Agreement LC Loan is made, continued or Converted, notify Borrower of each determination of the LIBO Rate applicable to each Loan, Cash Collateral Loan, DSRA LC Loan, Energy Hedge LC Loan or Project Agreement LC Loan.

  • Administrative Agent shall, as soon as practicable (and, in any case, within two (2) Banking Days) after a Loan, DSRA LC Loan or the Energy Hedge LC Loan is made, continued or converted, notify Borrower of each determination of the LIBO Rate applicable to each Loan, DSRA LC Loan or the Energy Hedge LC Loan.

  • Except as provided in Section 10.12, all Loans, DSRA LC Loans and the Energy Hedge LC Loan shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be composed of a Loan by each Lender equal to such Lender’s Proportionate Share of such Borrowing.

  • Borrower shall prepay the Loans, DSRA LC Loans and the Energy Hedge LC Loan to the extent provided by the terms of this Agreement and the Depositary Agreement (including without limitation pursuant to Section 2.8(b) hereof and Sections 5.3, 5.4, 5.5, and 5.6 of the Depositary Agreement).

  • The Energy Hedge LC shall be in an initial Stated Amount equal to FORTY-FIVE MILLION DOLLARS ($45,000,000) and shall be substantially in the form attached hereto as Exhibit B-4.

  • Administrative Agent shall promptly distribute to each Lender its pro rata share of each payment of principal and interest payable to the Lenders on the Loans, DSRA LC Loans, the Energy Hedge LC Loan and fees hereunder received by Administrative Agent for the account of the Lenders and of any other amounts owing under the Loans, DSRA LC Loans and the Energy Hedge LC Loan.

  • Subject to the terms and conditions contained in this Agreement, LC Fronting Bank irrevocably agrees to issue, on the later of the Financial Closing Date and the Trade Date, the Energy Hedge LC for the account of Borrower and in favor of the Energy Hedge Provider as beneficiary pursuant to the Energy Hedge Agreement.

  • Except to the extent provided in Section 9.13(b) below with respect to Voting Participations, no recipient of a participation in any Commitment or Loans, Cash Collateral Loans, DSRA LC Loans, Energy Hedge LC Loans or Project Agreement LC Loans of any Lender shall have any rights under this Financing Agreement.