Examples of LC Disbursement in a sentence

If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable L/C Disbursement, the payment then due from the Borrower in respect thereof (the “Unreimbursed Amount”) and such Lender’s Applicable Percentage thereof.
The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such 13380177v4 notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.
Any payment made by a Lender pursuant to this clause (e) to reimburse the L/C Issuer for any L/C Disbursement shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such L/C Disbursement.

More Definitions of LC Disbursement

LC Disbursement means a payment made by the Issuing Lender pursuant to a Letter of Credit.

LC Disbursement means a payment made by an Issuing Lender pursuant to a Letter of Credit.

LC Disbursement a payment made by the Issuing Lender pursuant to a Letter of Credit.

LC Disbursement means a payment made by the Issuer pursuant to a Letter of Credit.

LC Disbursement means any payment made by the Lender pursuant to a Letter of Credit.

LC Disbursement means a payment made by the Issuing Bank pursuant to a Letter of Credit. All LC Disbursements shall be denominated in (x) with respect to Letters of Credit issued in Dollars, Dollars and (y) with respect to Letters of Credit issued in an Alternative Currency, the applicable Alternative Currency.