LC Guaranty any guaranty pursuant to which Agent or any Affiliate of Agent shall guaranty the payment or performance by Borrower of its reimbursement obligation under any letter of credit.
LC Guaranty a guaranty executed by Lender at Borrower's request in favor of a Person who has issued a Letter of Credit. Letter of Credit - a letter of credit at any time issued for the account of Borrower.
LC Guaranty a guaranty executed by Lender at Borrower's request in favor of a person who has issued a letter of credit for the account of the Borrower. Leases - all of those leasehold estates in real property now owned or hereafter acquired by Borrower or any Subsidiary of Borrower, as lessee. Legal Requirement - any requirement imposed upon Lender by any law of the United States of America or the United Kingdom or by any regulation, order, interpretation, ruling of official directive (whether or not having the force of law) of the Board, the Bank of England or any other board, central bank or governmental or administrative agency, institution or authority of the United States of America, the United Kingdom or any political subdivision of either thereof. Letter of Credit - a letter of credit at any time issued by Lender for the account of Borrower. LIBOR Interest Payment Date - with respect to any LIBOR Revolving Credit Portion or any LIBOR Term Portion, the last day of the applicable LIBOR Period. LIBOR Option - the option granted pursuant to Section 3.1(B) to have the interest on all or any portion of the principal amount of the Revolving Credit Loan or the Term Loan based on a LIBOR Rate. LIBOR Period - any period, selected as provided below in Section 3.1(B) of 1 month, 2 months or 3 months, commencing on any Business Day, subject to the provisions of Section 3.1(B); provided, however, that no LIBOR Period shall extend beyond the last day of the maturity date of the applicable Loan, unless Borrower and Lender have agreed to an extension of such maturity date beyond the expiration of the LIBOR Period in question. No LIBOR period may be selected if after giving effect thereto the Borrower will be unable to make a principal payment scheduled to be made during such LIBOR Period without paying part of a LIBOR Portion on a date other than the last day of the LIBOR Period applicable thereto. If any LIBOR Period so selected shall end on a date that is not a Business Day, such LIBOR Period shall instead end on the next preceding or succeeding Business Day as determined by the Lender in accordance with the then current banking practice in London. Each determination by Lender of a LIBOR Period shall, in the absence of manifest error, be conclusive, and at Borrower's request, Lender shall demonstrate the basis of such determination. LIBOR Portion - all of the Indebtedness for Borrowed Money hereunder evidenced by the Notes bearing interest at the same LIBOR Rate for the same ...
Examples of LC Guaranty in a sentence
Interest, Letter of Credit and LC Guaranty fees and Unused Line Fees hereunder shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 360 days.
Such request shall be accompanied by an executed application and reimbursement agreement in form and substance satisfactory to Agent and the Person being asked to issue the Letter of Credit or LC Guaranty, as well as any required resolutions.
No Letter of Credit or LC Guaranty may have an expiration date after the last day of the Term.
Immediately upon the issuance of a Letter of Credit or an LC Guaranty under this Agreement, each Lender shall be deemed to have irrevocably and unconditionally purchased and received from Agent, without recourse or warranty, an undivided interest and participation therein equal to such LC Obligations multiplied by such Lender's Revolving Loan Percentage.
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More Definitions of LC Guaranty
LC Guaranty means the guaranty delivered by CIT to an Issuing Bank of Borrower's reimbursement obligation under such Issuing Bank's reimbursement agreement, application for Letter of Credit or other like document.
LC Guaranty means the Guaranty Agreement, dated January 1, 1996, made by LMC, MMC and Lockheed in favor of SunTrust Bank, Atlanta.
LC Guaranty means a guaranty or indemnity in form and substance satisfactory to the Agent and the Issuing Lender pursuant to which the Agent shall guarantee the payment or performance by the Borrower and each Canadian Borrower of its reimbursement obligations in respect of Letters of Credit.
LC Guaranty. Fee shall mean the fees payable by Borrower under Section 4.2.4 for: (i) issuing a LC Guaranty and/or (ii) otherwise aiding Borrower in obtaining Letters of Credit pursuant to section 3.3 hereof.
LC Guaranty means any document, instrument or agreement pursuant to which Agent or the Lenders request or apply for the issuance of Letter of Credit at Borrower's request or Agent or the Lenders assure an Issuing Bank of Borrower's payment or performance of some or all of its obligations in connection with such letter of credit (including without limitation any obligations of reimbursement), which term shall include (i) any reimbursement agreement or application entered into by Agent or the Lenders (whether with or without Borrower as a co-signer, joint or primary obligor or otherwise), or any guaranty entered into by Agent or the Lenders, and (ii) this Agreement if a Lender is the Issuing Bank. "LC GUARANTY REQUEST" - see Section 12.2(c).
LC Guaranty. Any guaranty or reimbursement agreement pursuant to which Lender or any Affiliate of Lender shall guaranty the payment or performance by any Borrower of its reimbursement obligation under any Letter of Credit or shall agree to reimburse the issuer of such Letter of Credit for any drawings thereon.
LC Guaranty means a guaranty by Foothill of the obligations of the Borrower to any Third Party Issuer under or in connection with any Letter of Credit.