LC Collateral Account has the meaning assigned to such term in Section 2.06(j).
LC Collateral Account means the account designated as the LC Collateral Account established and maintained by the Administrator (for the benefit of the LC Bank and the LC Participants), or such other account as may be so designated as such by the Administrator.
LC Collateral Account has the meaning specified in Section 2.04(b).
Examples of LC Collateral Account in a sentence
Upon the drawing of any Letter of Credit for which funds are on deposit in the LC Collateral Account, such funds shall be applied to reimburse the relevant LC Issuing Bank or Lender holding a participation in the reimbursement obligation of the Borrower to such LC Issuing Bank to the extent permitted by Applicable Law.
More Definitions of LC Collateral Account
LC Collateral Account has the meaning specified in Section 6.02.
LC Collateral Account means a deposit account in the name of the Company to be designated by the LC Issuer from time to time in which cash has been deposited as collateral security for the reimbursement of drawings under any outstanding Letters of Credit in accordance with Sections 2.15 and 7.01.
LC Collateral Account is defined in Section 2.18(k).
LC Collateral Account means a blocked deposit account held by the Administrative Agent.
LC Collateral Account means, individually or collectively as the context may require, the U.S. LC Collateral Account and the Non-U.S. LC Collateral Account.
LC Collateral Account means a collateral account in the form of a deposit account established and maintained by the applicable Administrative Agent for the benefit of the applicable Issuing Banks, in accordance with the provisions of Section 2.13(n).
LC Collateral Account has the meaning specified in Section 3.01(k).