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 means the collective reference to all the Revolving Credit 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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Examples of L/C Participants in a sentence

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

  • With respect to payment to the Issuing Lender of the unreimbursed amounts described in this Section, if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. on any Business Day, such payment shall be due that Business Day, and (B) after 1:00 p.m. on any Business Day, such payment shall be due on the following Business Day.

  • 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.

  • The Borrower hereby grants to the Administrative Agent, for the benefit of the Letter of Credit Issuer and the L/C Participants, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing.

  • With respect to payment to the Issuing Lender of the unreimbursed amounts described in this Section 3.4(b), if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. (Charlotte time) on any Business Day, such payment shall be due that Business Day, and (B) after 1:00 p.m. (Charlotte time) on any Business Day, such payment shall be due on the following Business Day.


More Definitions of L/C Participants

L/C Participants the collective reference to all the Revolving Credit Lenders other than the 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 (a) in the case of Fronted Letters of Credit, the collective reference to all the Revolving Credit Lenders other than the Issuing Lender and (b) in the case of Several Letters of Credit, the collective reference to all the Participating Lenders.
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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 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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L/C Participants the collective reference to all the Lenders other than the Issuing Bank.
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L/C Participants the U.S. Facility L/C Participants and the Canadian Facility L/C Participants.
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