LC Agreement definition

LC Agreement means a letter of credit application and reimbursement agreement (in form and substance satisfactory to Administrative Agent) submitted by Borrower to Administrative Agent for a letter of credit for the account of any Company.

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

LC Agreement has the meaning set forth in Section 4.3.

Examples of LC Agreement in a sentence

• In the event of any conflict between the terms hereof and the terms of any L/C Agreement, the terms hereof shall control.

• In the case of a request for an amendment of any outstanding L/C, such L/C Agreement shall specify in form and detail satisfactory to the applicable L/C Issuer (A) the L/C to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the applicable L/C Issuer (or, in the case of the Bond L/Cs, the applicable L/C Issuer or Administrative Agent) may require.

• The fees and other amounts payable with respect to each LC are as provided in this Agreement, drafts and draws under each LC are part of the Obligation, and the terms of this Agreement control any conflict between the terms of this Agreement and any LC Agreement.

• Such L/C Agreement may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer.

• Each Letter of Credit shall be subject to all terms and conditions of this Agreement and of the applicable LC Application and LC Agreement.

More Definitions of LC Agreement

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 Irrevocable 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 2.3 of this Agreement, as any of the same may be amended, modified or supplemented from time to time.

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 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 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 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.

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.