L/C Participation shall have the meaning provided in Section 3.3(a).
L/C Participation shall have the meaning provided in Section 2A.04(a).
L/C Participation means a US L/C Participation or a Cdn L/C Participation.
Examples of L/C Participation in a sentence
All L/C Participation Fees and Issuing Bank Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
All LC Participation Fees and Fronting Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
All L/C Participation Fees and Issuing Bank Fees that are payable on a per annum basis shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
Accrued LC Participation Fees and Fronting Fees shall be payable in arrears (i) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate.
All L/C Participation Fees and L/C Issuer Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
More Definitions of L/C Participation
L/C Participation means, as to any Lender at any time, with respect to all Letters of Credit, the product of the L/C Obligations and such Lender's Commitment Percentage and, with respect to any particular Letter of Credit, the product of the L/C Obligations applicable solely to that particular Letter of Credit and such Lender's Commitment Percentage.
L/C Participation shall have the meaning ascribed to that term in SECTION 3.4. "L/C PARTICIPATION FUNDING AMOUNT" shall have the meaning ascribed to that term in SECTION 3.6(b)(i)(A). "L/C PARTICIPATION FUNDING DATE" shall have the meaning ascribed to that term in SECTION 3.6(b)(ii). "L/C PARTICIPATION FUNDING NOTICE" shall have the meaning ascribed to that term in SECTION 3.6(b)(i)(A).
L/C Participation has the meaning assigned to such team in Section 2.2.4(a).
L/C Participation has the meaning given to it in Section 3.3(10)(a). (136) “L/C Sublimit” means $30,000,000. (137) “Lease Adjusted Funded Debt” means, at any time, for Master Borrower on a consolidated basis and without duplication, all Funded Debt plus six times rental or lease expense. Notwithstanding the foregoing, with respect to any Permitted Acquisition, rent or lease expense shall include normalized rent or lease expense of the Person being acquired or whose assets are being acquired, as if such acquisition was made at the beginning of the 12-month period prior to such Permitted Acquisition solely with respect to the calculation of Lease Adjusted Funded Debt and with respect to each business which has ceased to be owned or operated, directly or indirectly, by an Obligor (whether by way of disposition of Equity Interests or all or substantially all of the assets of a business as a going concern or discontinuance of operations) in the immediately preceding 12-month period, exclude, without duplication, rental or lease expense of such business as if it had ceased to be owned or operated for the previous full four (4) Fiscal Quarters. (138) “Leased Property” has the meaning given to it in Section 9.1(9). (139) “Leased Unit” means New Leased Units and Used Leased Units. (140) “Lenders” mean all of the banks and other financial institutions named on the signature pages of this Agreement, and their permitted successors and assigns, and “Lender” means any one of them, and for greater certainty, includes BNS in its capacity as L/C Issuer. (141) “Letter of Credit” and “L/C” each means a letter of credit issued by the L/C Issuer at the request and for the account of the applicable Borrower and includes a Letter of Guarantee. (142) “Letter of Guarantee” means a letter of guarantee issued by the L/C Issuer at the request and for the account of the applicable Borrower for the purpose of providing security to a Person that such Borrower will perform a contractual obligation owed by such Borrower to that Person. (143) “Leverage Ratio” means with respect to Master Borrower and with respect to any Rolling Period, the ratio of Lease Adjusted Funded Debt to EBITDAR. (144) “Lien” means any mortgage, charge, lien, hypothec or encumbrance, whether fixed or floating on, or any security interest in, any property, whether real, personal or mixed, tangible or intangible, any pledge or hypothecation of any property, any conditional sale agreement, other title retention agreement, Capital Lease ...
L/C Participation has the meaning given to it in Section 3.3(10)(a). (159) (152) “L/C Sublimit” means $30,000,000. (160) (153) “Lease Adjusted Funded Debt” means, at any time, for Master Borrower on a consolidated basis (excluding for greater certainty the Lithia Canada Dealers) and without duplication, all Funded Debt plus six times rental or lease expense. Notwithstanding the foregoing, with respect to any Permitted Acquisition, rent or lease expense (excluding leases and loans subject to a Securitization Program) shall include normalized rent or lease expense of the Person being acquired or whose assets are being acquired, as if such acquisition was made at the beginning of the 12-month period prior to such Permitted Acquisition solely with respect to the calculation of Lease Adjusted Funded Debt and with respect to each business which has ceased to be owned or operated, directly or indirectly, by xxx Master LP Obligor (whether by way of disposition of Equity Interests or all or substantially all of the assets of a business as a going concern or discontinuance of operations) in the immediately preceding 12-month period, exclude, without duplication, rental or lease expense of such business as if it had ceased to be owned or operated for the previous full four (4) Fiscal Quarters. (161) (154) “Leased Property” has the meaning given to it in Section 9.1(9). (162) “Leased Property (Lithia Canada Dealer)” has the meaning given to it in Section 9.2(9). (163) (155) “Leased Unit” means New Leased Units and Used Leased Units. (164) (156) “Lenders” mean all of the banks and other financial institutions named on the signature pages of this Agreement, and their permitted successors and assigns, and “Lender” means any one of them, and for greater certainty, includes BNS in its capacity as L/C Issuer. (165) (157) “Letter of Credit” and “L/C” each means a letter of credit issued by the L/C Issuer at the request and for the account of the applicable Borrower and includes a Letter of Guarantee.
L/C Participation means with respect to any Lender, such Lender’s obligations to participate in Existing Letters of Credit pursuant to Section 2.12(f) in the amount and percentage set forth opposite its name on Annex II (and represents such Lender’s pro rata share of the Aggregate L/C Participation) or as later set forth on an Assignment Agreement pursuant to Section 10.10 , or on an updated Annex II, as it may be reduced from time to time as expressly provided pursuant to this Agreement (including Section 2.2 ).
L/C Participation means with respect to any Lender, such Lender’s obligations to participate in Existing Letters of Credit pursuant to Section 2.12(f) in the amount and percentage set forth opposite its name on Annex II (and represents such Lender’s pro rata share of the Aggregate L/C Participation) or as later set forth on an Assignment Agreement pursuant to Section 10.10, or on an updated Annex II, as it may be reduced from time to time as expressly provided pursuant to this Agreement (including Section 2.2).