L/C has the meaning set forth in Section 2.12(a).
L/C. Any letter of credit, the issuance of which is procured by the Administrative Agent for the account of any Borrower and any acceptance made on account of such letter of credit.
L/C has the meaning set forth in Section 4.1(d)(vi).
More Definitions of L/C
L/C has the meaning specified therefor in Section 2.12(a).
L/C has the meaning set forth in Section 4.1(d).
L/C or "Letter of Credit" means either a Performance Letter of Credit or Financial Letter of Credit denominated in Canadian Dollars or US Dollars in a form satisfactory to the Issuing Banks, issued by any of the Issuing Banks at the request of the Borrower in favour of a third Person to secure the payment or performance of an obligation of a Restricted Party to the third Person.
L/C has the meaning specified therefor in Section 2.11(a) of the Agreement.
L/C has the meaning set forth in Section 2.2(a). --- --------------
L/C means a standby letter of credit, letter of guarantee or commercial letter of credit in a form satisfactory to the Issuing Bank issued by the Issuing Bank at the request of the Borrower in favour of a third party to secure the payment or performance of an obligation of a Restricted Party to the third party.
L/C shall have the meaning set forth in Section 1.5 hereof.