LC Agreement definition

LC Agreement means a letter of credit application and agreement (in form and substance satisfactory to Administrative Agent) submitted by Borrower to Administrative Agent for an LC for its own account (and for its benefit or the benefit of any other Company); PROVIDED THAT this Agreement shall control any conflict between this Agreement and any such LC Agreement.

LC Agreement means a letter of credit application and agreement (in form and substance satisfactory to Lender) executed by Borrowers and submitted to Lender for an LC for the account of Borrowers.

LC Agreement has the meaning set forth in Section 4.3.

Examples of LC Agreement in a sentence

• The Successor Agency hereby appoints the Escrow Bank to act as Escrow Bank for purposes of administering the funds required to reimburse the Bank for a draw under the Liquidity Facility to pay the Redemption Price of the Prior Bonds on the Mandatory Redemption Date in accordance with the Prior Bonds Indenture of Trust, the L/C Agreement and the Liquidity Facility.

• If at any time the Escrow Bank receives actual knowledge that the cash and securities in the Escrow Fund will not be sufficient to make the reimbursement required by Section 4 of this Agreement in respect of the L/C Agreement and the Prior Bonds, the Escrow Bank shall notify the Successor Agency of such fact, and the Successor Agency shall immediately cure such deficiency from any source of legally available funds.

• As amended hereby, the LC Agreement is hereby reaffirmed, approved and confirmed in every respect and shall remain in full force and effect.

• The transactions contemplated in the Merger Agreement and the LC Agreement (as hereinafter defined) shall be consummated simultaneously herewith.

• In consideration of the execution by the Fund of the L/C Agreement, MSMI shall issue the Warrants to the Fund, at the closing of the transactions contemplated hereby (the “Closing”).

More Definitions of LC Agreement

LC Agreement means that certain Credit Agreement, dated as of the Issue Date, among the Company, as borrower, the administrative agent party thereto, and the lenders party thereto, as amended or otherwise modified, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, replacements, renewals, restatements, refundings or refinancings thereof.

LC Agreement means the letter of credit facility agreement, to be dated as of the Issue Date, as amended, entered into by and among the Company and the Guarantors, the administrative agent party thereto, and the letter of credit issuers party thereto, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, replacements, renewals, restatements, refundings or refinancings thereof.

LC Agreement means, collectively and individually, each standard form of Application and Agreement for Standby Letter of Credit to be executed and delivered by the Borrower to the Agent in connection with each Letter of Credit, as required by Section 2.2 of this Agreement, as any of the same may be amended, modified or supplemented from time to time.

LC Agreement means that certain Letter of Credit Reimbursement and Security Agreement, dated as of September 6, 2019 (as amended, amended and restated or otherwise modified from time to time), by and among DESG and the LC Issuer.

LC Agreement means that certain Letter of Credit Agreement, dated as of October 30, 2018, by and among McDermott International, Inc., as a guarantor, McDermott Technology (Americas), Inc., McDermott Technology (US), Inc. and McDermott Technology, B.V., as co-applicants, a syndicate of participants and letter of credit issuers, and Barclays Bank PLC, as administrative agent.

LC Agreement means that certain Franchise and Asset Sale Agreement by and among Parent, Merger Sub II, LeComp Co., Inc., a California corporation, and Xxxxx Xxxx Xxxxxx, an individual residing in the State of California and the sole stockholder of LeComp Co., Inc.

LC Agreement means a letter of credit application and agreement (in form and substance satisfactory to Administrative Agent) submitted by Borrower to LC Issuer for an LC for its own account, which LC Agreement (A) in the case of an initial issuance of an LC, shall specify (i) the proposed issuance date of the requested LC (which shall be a Business Day); (ii) the amount thereof; (iii) the expiry date thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case of any drawing thereunder; (vi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (vii) such other matters as LC Issuer may require, and (B) in the case of a request for an amendment of any outstanding LC, such LC Agreement shall specify (i) the LC to be amended; (ii) the proposed date of amendment thereof (which shall be a Business Day); (iii) the nature of the proposed amendment; and (iv) such other matters as LC Issuer may require.