LC Facility Lender definition

LC Facility Lender means a Lender having an LC Facility Participation.

LC Facility Lender means any Lender that has an LC Facility Commitment or, if the LC Facility Commitments have expired or been terminated, that holds an LC Facility Advance.

LC Facility Lender a Lender having an LC Facility Participation.

Examples of LC Facility Lender in a sentence

• Each LC Facility Lender acknowledges and agrees that its authorization granted hereby and obligations hereunder are unconditional and irrevocable and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any LC Facility Letter of Credit or the occurrence and continuance of a Default or the return of the LC Facility Deposits.

• The aggregate purchase price for the participations of each LC Facility Lender in LC Facility Letters of Credit shall equal the amount of the LC Facility Deposit of such LC Facility Lender.

• Notwithstanding anything herein to the contrary, the funding obligation of each LC Facility Lender in respect of its participation in LC Facility Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit.

• Except as expressly provided for herein, such deposits shall be irrevocable and no LC Facility Lender shall have any right to withdraw any of its Credit-Linked Deposit.

• Interest accrued pursuant to this subsection 2.6(h) shall be for the account of the LC Facility Issuing Bank except that interest accrued on and after the date of payment by any LC Facility Lender pursuant to subsection 2.6(e)(ii) to reimburse the LC Facility Issuing Bank shall be for the account of such LC Facility Lender to the extent of such payment.

More Definitions of LC Facility Lender

LC Facility Lender means a Lender with a LC Facility Commitment or any outstanding Credit-Linked Deposits.

LC Facility Lender means a Lender that has a LC Facility Commitment and/or that has an outstanding LC Facility Loan. "LC FACILITY LETTER OF CREDIT" or "LC FACILITY LETTERS OF CREDIT" means Standby Letters of Credit issued or to be issued by LC Facility Issuing Lenders pursuant to subsection 3.1. "LC FACILITY LETTER OF CREDIT REIMBURSEMENT DATE" has the meaning assigned to that term in subsection 3.3B(ii). "LC FACILITY LETTER OF CREDIT USAGE" means, as at any date of determination, the sum of (i) the maximum aggregate amount which is or at any time thereafter may become available for drawing under all LC Facility Letters of Credit then outstanding plus (ii) the aggregate amount of all drawings under LC Facility Letters of Credit honored by LC Facility Issuing Lenders and not theretofore reimbursed by Borrower.

LC Facility Lender means any Person listed on Schedule 2 that has a commitment to make a Credit-Linked Deposit on the Effective Date and each other Person that has taken a participation in the LC Facility Letters of Credit pursuant to an Assignment and Acceptance.

LC Facility Lender means a Lender that has a LC Facility Commitment and/or that has an outstanding LC Facility Loan.

LC Facility Lender means, collectively, (i) each Original LC Facility Lender that executes and delivers this Agreement on or prior to the Amendment and Restatement Effective Date and has an LC Facility Commitment and (ii) each other Person that (x) has an LC Facility Commitment or (y) has taken a participation in the LC Facility Letters of Credit pursuant to an Assignment and Acceptance, other than, in each case, any LC Facility Lender that has ceased to be a party hereto pursuant to an Assignment and Acceptance.

LC Facility Lender means DBNY (or any of its Affiliates reasonably acceptable to the Borrower), in its capacity as the issuer of Letters of Credit under the LC Facility, and its successors in such capacity as provided in Section 2.29(i). The LC Facility Lender may, in its reasonable discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the LC Facility Lender reasonably acceptable to the Borrower, which Affiliate shall agree in writing reasonably acceptable to the Borrower to be bound by the provisions of the Loan Documents applicable to the LC Facility Lender, in which case the term “LC Facility Lender” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

LC Facility Lender means PNC Bank, National Association, and any successors thereto, solely in its capacity as the issuer of any letters of credit outstanding under the L/C Facility.