LC Disbursement definition

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

LC Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

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

Examples of LC Disbursement in a sentence

• In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Xxxxxx’s Applicable Revolver Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section 2.05, or of any reimbursement payment required to be refunded to the Borrower for any reason.

• The Swingline Lender shall, in its sole discretion, make each Swingline Loan available to the Borrower by promptly crediting the amounts by means of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the Issuing Bank) on the requested date of such Swingline Loan.

• The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or electronic mail) of such demand for payment and whether the 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 the Issuing Bank and the Lenders with respect to any such LC Disbursement.

• Any payment made by a Lender pursuant to this paragraph (e) to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

More Definitions of LC Disbursement

LC Disbursement means a payment made by the 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 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.

LC Disbursement means a Revolving LC Disbursement or an LC Facility LC Disbursement.

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

LC Disbursement means a payment made by the LC Issuer pursuant to a Facility LC.

LC Disbursement means a payment made by an Issuing Bank pursuant to a Letter of Credit, including in respect of a time draft presented thereunder; provided that, with respect to any component of any such amount in an LC Alternative Currency under a U.S. Letter of Credit, such amount shall be the Dollar Amount thereof. The date of an LC Disbursement shall be the date of payment by the applicable Issuing Bank under a Letter of Credit or a time draft presented thereunder, as the case may be.