L/C Disbursement definition

L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.
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L/C Disbursement has the meaning given to that term in Section 3.9.(b).
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L/C Disbursement means any payment made by the L/C Issuer pursuant to a Letter of Credit.
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Examples of L/C Disbursement in a sentence

  • The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of the applicable Borrower as specified in the applicable Borrowing Request; provided, that Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

  • At the time that each ABR Revolving Facility Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided, that an ABR Revolving Facility Borrowing may be in an aggregate amount that is equal to the entire unused available balance of the Revolving Facility Commitments or that is required to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.05(e).


More Definitions of L/C Disbursement

L/C Disbursement means a payment made by an L/C Issuer pursuant to a Letter of Credit.
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L/C Disbursement means a payment made by an Issuing Lender pursuant to a Letter of Credit.
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L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit. “L/C Participation Fee” shall have the meaning assigned to such term in Section 2.12(b).
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L/C Disbursement means any payment by the L/C Issuer pursuant to a Letter of Credit.
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L/C Disbursement means, with respect to any Letter of Credit, a disbursement made by the applicable L/C Issuer in connection with a drawing under such Letter of Credit.
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L/C Disbursement as defined in Subsection 3.5(a).
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L/C Disbursement has the meaning specified in Section 2.03(c)(i).
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