LC definition

LC means a documentary or standby letter of credit issued for the account of any Borrower by Issuing Bank under this Agreement and under an LC Agreement.
LC means the letter(s) of credit issued hereunder in the form agreed upon among Borrower, Administrative Agent, and the beneficiary thereof at the time of issuance thereof and participated in by Lenders pursuant to the terms and conditions of SECTION 2.2 hereof.

Examples of LC in a sentence

  • Information that is the property of LCHD shall be made available in accordance with the Indiana Open Records Law, LC.

  • The Employer undertakes to provide the non-teaching staff 2 weeks of extended leave in addition to their statutory entitlement (see Section 213 (1) LC).

  • The Employer shall particularly discuss with the Trade Unions measures related to collective redundancy and matters related to the occupational safety and health in the extent specified by LC.

  • The Employer shall notify the VZO VOS in writing of the intended organizational changes as per Section 52 LC at least one month in advance before such changes adoption.

  • The employee who gets a notice of termination for reasons specified in Section 52 (a) to (c) LC, or whose employment contract is terminated by agreement for the same reasons, may be given redundancy payment from the Employer after the employment termination.


More Definitions of LC

LC means a letter of credit in form satisfactory to and issued by (a) in the case of the Operating Facility, the Operating Lender, and (b) in the case of the Syndicated Credit Facility, the Fronting Lender for the account of Lenders or by the Agent as attorney-in-fact on behalf of each of the Lenders, in each case acting at the request of and in accordance with the instructions of the Borrower, to make payment in accordance with the terms and conditions thereof of an amount to or to the order of a third party.
LC means a documentary letter of credit, and includes the term credit as defined in UCP.
LC means LC Fund VI, L.P., LC Parallel Fund VI, L.P., LC HealthCare Fund I, and their Affiliates.