L/C Participant definition

L/C Participant shall have the meaning provided in Section 3.3(a).
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L/C Participant shall have the meaning provided in Section 2A.04(a).
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L/C Participant in respect of each Letter of Credit, each Bank (other than the Issuing Bank in respect of such Letter of Credit) in its capacity as the holder of a participating interest in such Letter of Credit.
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Examples of L/C Participant in a sentence

  • The Parent Borrower shall pay (or cause the applicable Designated Borrower to pay) such Lender, Letter of Credit Issuer of L/C Participant, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Subject to Section 2.13, failure or delay on the part of any Lender, Letter of Credit Issuer or L/C Participant to demand compensation pursuant to the foregoing provisions of this Section 2.10 shall not constitute a waiver of such ▇▇▇▇▇▇’s, Letter of Credit Issuer’s or L/C Participant’s right to demand such compensation.

  • Notwithstanding anything in this Agreement to the contrary, any Tax paid by the Parent Borrower or a New Zealand tax resident L/C Participant pursuant to section HD 16 of the NZ Income Tax Act which is deducted from an amount held for, or payable to, a Letter of Credit Issuer pursuant to section HD 5 of the NZ Income Tax Act shall be deemed to be an amount of Indemnified Tax paid by such Letter of Credit Issuer.


More Definitions of L/C Participant

L/C Participant shall have the meaning assigned to such term in SECTION 2.17(C).
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L/C Participant has the meaning set forth in Section 2A.5.
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L/C Participant means the collective reference to all the Lenders other than the applicable Issuing Lender.
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L/C Participant means, with respect to the L/C Facility, each Person executing this Agreement as a Lender under the Revolving Credit Facility (other than the Issuing Lender).
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L/C Participant means any Person that is designated as the L/C Participant for each Lender Group in the Lender Supplement or in the Assignment Agreement pursuant to which it became a party to this Agreement.
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L/C Participant means in respect of any Letter of Credit, the collective reference to all Revolving Lenders other than the Issuing Bank in respect of such Letter of Credit.
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L/C Participant as defined in Section 3.1(a).
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