Examples of LC Disbursement in a sentence

Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.
The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that Syndicated ABR Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing Bank.
The applicable Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the applicable Lenders with respect to any such LC Disbursement.

More Definitions of LC Disbursement

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

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

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

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

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