LC Administrator definition

LC Administrator means BofA’s Letter of Credit Operations located at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, as letter of credit administrator for the Lenders, together with any replacement LC Administrator arising under Section 9.9.
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LC Administrator means Wells Fargo, in such capacity, together with any replacement LC Administrator arising under Section 10.6.
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LC Administrator means Barclays Bank PLC, as letter of credit administrator for the Lenders, together with any replacement L/C Administrator.
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Examples of LC Administrator in a sentence

  • Upon request, each Lender shall execute such powers of attorney or other documents as any beneficiary of any Several Letter of Credit may reasonably request to evidence the authority of the L/C Administrator to execute and deliver such Several Letter of Credit and any amendment or other modification thereto on behalf of the Lenders.

  • The LC Administrator shall promptly advise the Administrative Agent of any such request.

  • Each Lender hereby irrevocably constitutes and appoints the L/C Administrator its true and lawful attorney-in-fact for and on behalf of such Lender with full power of substitution and revocation in its own name or in the name of the L/C Administrator to issue, execute and deliver, as the case may be, each Several Letter of Credit and each amendment to a Several Letter of Credit and to carry out the purposes of this Agreement with respect to Several Letters of Credit.

  • Nothing contained in this Agreement, and no actions taken by the Lenders, the LC Administrator, the Fronting Bank or the Administrative Agent pursuant hereto or in connection with a Letter of Credit shall be deemed to constitute the Lenders, together or with the Administrative Agent, the Fronting Bank and the LC Administrator, a partnership, association, joint venture or other entity.

  • Each Lender, each L/C Administrator and each Fronting Bank each agrees to notify the applicable Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

  • If the Fronting Bank shall fail to make such amount available, it shall pay such interest to the LC Administrator and if a Lender fails to make such amount available, it shall pay such interest to the Fronting Bank.

  • No failure by any Lender, the L/C Administrator, any Fronting Bank or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

  • Upon request, each Lender shall execute such powers of attorney or other documents as any beneficiary of any Several Letter of Credit may reasonably request to evidence the authority of an L/C Administrator to execute and deliver such Several Letter of Credit and any amendment or other modification thereto on behalf of the Lenders.

  • Each of the Lenders, each L/C Administrator, each L/C Issuer and each Fronting Bank hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.

  • If Bank of America resigns as Fronting Bank and L/C Administrator, it shall retain all the rights, powers, privileges and duties of a Fronting Bank and L/C Administrator hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Fronting Bank and L/C Administrator and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)).


More Definitions of LC Administrator

LC Administrator means National Australia Bank Limited, in its capacity as issuer of Syndicated Letters of Credit hereunder for and on behalf of the Lenders, and as an attorney-in-fact for such Lenders; provided that National Australia Bank Limited may elect to perform any of its obligations hereunder as LC Administrator under this Agreement or the other Loan Documents (including issuing Syndicated Letters of Credit) by acting through one or more of its Affiliates or branches, including National Australia Bank Limited, New York Branch and National Australia Bank Limited, London Branch, so long as such Affiliate or branch that issues Syndicated Letters of Credit hereunder is, in respect of any Syndicated Letter of Credit issued to a beneficiary domiciled in a US State which has adopted the NAIC model laws and rules, a NAIC Qualified Lender, and which complies with the related requirements applicable to the LC Administrator issuing Syndicated Letters of Credit hereunder, provided further that any exercise of such option shall not affect the obligations of the Loan Parties to repay such obligation (including in respect of Syndicated Letters of Credit in accordance with the terms of this Agreement. For the avoidance of doubt, the LC Administrator is not acting as a fronting bank in in respect of the Syndicated Letter of Credit, together with any replacement LC Administrator arising under SECTION 9.06.
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LC Administrator means Xxxxx Fargo, in such capacity, together with any replacement LC Administrator arising under Section 10.6.
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LC Administrator means Bank of America’s Letter of Credit Operations located at Xxx Xxxxx Xxx, Xxxxxxxx, XX 00000, as letter of credit administrator for the Lenders, together with any replacement LC Administrator arising under Section 10.6.
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LC Administrator means Fleet’s Letter of Credit Operations located at Financial Institutions, Fleet National Bank, Attn: Xxxxxx Xxxxx, Financial Institutions, Mail Stop: CTEH40225C, 000 Xxxx Xxxxxx, Xxxxxxxx, XX 00000, as letter of credit administrator for the Lenders, together with any replacement LC Administrator arising under Section 9.9.
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LC Administrator means MSCS, in its capacity as letter of credit administrator for the L/C Issuer, or any successor L/C Administrator.
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Related to LC Administrator

  • XXXXX Administrator means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

  • REMIC Administrator The Certificate Administrator or any REMIC administrator appointed pursuant to Section 10.04.

  • Collateral Administrator means U.S. Bank National Association, and any successor thereto under the Collateral Administration Agreement.

  • Issuing Agent means Pareto Securities AB, or another party replacing it, as Issuing Agent, in accordance with these Terms and Conditions.

  • €STR Administrator means the European Central Bank (or any successor administrator of the Euro Short Term Rate).

  • Index Administrator means the index administrator as set out in the Table, which is the corporation or other entity that is responsible for setting and reviewing the rules and procedures and the methods of calculation and adjustments, if any, related to the Index and announces (directly or through an agent) the level of the Index on a regular basis during each Scheduled Trading Day; where reference to the Index Administrator shall include a reference to the "Successor Index Administrator" defined in §4b(1) below.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Program Administrator means the person retained by the Wisconsin PACE Commission as provided in subsection (5)(b).

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

  • Base Rate Administrator means Swedish Financial Benchmark Facility AB (SFBF) in relation to STIBOR or any person replacing it as administrator of the Base Rate.

  • RFR Administrator means the XXXXX Administrator or the SARON Administrator, as applicable.

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • SARON Administrator means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

  • Tax Administrator means the individual charged with direct responsibility for administration of an income tax levied by a municipal corporation in accordance with this chapter, and also includes the following:

  • Exchange Administrator means the entity selected by Xxxxxxx Mac to act as its exchange administrator for the Exchangeable Notes and the MAC Notes, which as of the Closing Date is U.S. Bank.

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Determination Agent means Calculation Agent Services LLC and any successor or replacement thereto or any other entity appointed as determination agent in accordance with the terms of the Determination Agency Agreement.

  • Settlement Administrator means the third party settlement administrator proposed by the Parties, as approved by the Court.

  • Scheme Administrator means the person or company appointed under an instrument by the founder to manage the administrative affairs of the scheme.

  • Compact administrator means: the individual in each compacting state appointed pursuant to the terms of this compact, responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • Trust Administrator [______________] Independent Accountants:

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • CFD Administrator means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes.

  • Information Agent The meaning specified in Section 14.16.