LC Issuance Date definition
Examples of LC Issuance Date in a sentence
The Payer shall, on the LC Issuance Date, pay to the Payee the Estimated Administration Costs attributable to the first fiscal quarter ending after the date hereof.
Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Standby LC Issuance Date; PROVIDED that all such fees shall be payable on the date on which the Standby LC Commitments terminate and any such fees accruing after the date on which the Standby LC Commitments terminate shall be payable on demand.
The Obligor shall, on the LC Issuance Date, pay to the Payee the Estimated Administration Costs attributable to the first quarter.
The Payer shall pay to the Payee the Estimated Administrative Costs on the LC Issuance Date.
Each of the SPV, each Originator and the initial Master Servicer represents and warrants to the Agent, each Managing Agent, the Administrators, the Investors and the other Secured Parties, as to itself only, that, on the Closing Date, on each Investment Date, on each L/C Issuance Date and on each date of Reinvestment, that the transactions contemplated by this Agreement and the Transaction Documents constitute a “Permitted Receivables Facility” under and as defined in the Ashland Credit Agreement.
Each Lender shall execute such L/C Guaranty and deliver such L/C Guaranty to Agent in Chicago, not later than 11:00 a.m. Chicago time, one Business Day preceding the applicable L/C Issuance Date and Agent shall thereupon deliver such L/C Guaranty to the applicable Issuer.