L/C Participants definition

L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.
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L/C Participants with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the Issuing Lender that issued such Letter of Credit.
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L/C Participants the collective reference to all the Revolving Credit Lenders other than the Issuing Lender.
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Examples of L/C Participants in a sentence

  • The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3 in accordance with their respective Commitment Percentages.

  • Each payment to the Administrative Agent of any Issuing Lender’s fees or L/C Participants’ commissions shall be made in like manner, but for the account of such Issuing Lender or the L/C Participants, as the case may be.

  • Subject to Section 4.15(a)(iii)(B), the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such standby Letters of Credit times the Applicable Rate with respect to Revolving Credit Loans that are SOFR Loans (determined, in each case, on a per annum basis).


More Definitions of L/C Participants

L/C Participants means the collective reference to all the Lenders other than the Issuing Lender.
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L/C Participants means the collective reference to all the Lenders other than the applicable Issuing Lender.
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L/C Participants means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the applicable Issuing Lender.
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L/C Participants means the collective reference to all the Revolving Credit Lenders other than the Issuing Lender.
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L/C Participants the collective reference to all the Banks other than the Issuing Bank.
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L/C Participants the collective reference to all the Lenders other than the Issuing Bank.
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L/C Participants means the collective reference to all the Banks other than the Issuing Bank in their respective capacities as participants in L/C Obligations.
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