LC Issuer Indemnitees definition

LC Issuer Indemnitees means LC Issuer and its Related Parties.
LC Issuer Indemnitees means LC Issuer and its officers, directors, employees, managers, Affiliates, agents, consultants, attorneys and other representatives.
LC Issuer Indemnitees means LC Issuer and its Related Parties. “LC Obligations” means, at any time, the sum of (a) the maximum amount available to be drawn under Letters of Credit then outstanding, assuming compliance with all requirements for drawings referenced therein, plus (b) the aggregate amount of all drawings under Letters of Credit that have occurred but have not been reimbursed by Borrowers or otherwise in accordance herewith and with the LC Documents. For all purposes of this Agreement, (i) amounts available to be drawn under Letters of Credit will be calculated as provided in Section 2.4(a)(v), and (ii) if a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. “LC Request” means each request for issuance of a Letter of Credit provided by Borrower Representative to Administrative Agent and LC Issuer, in form and substance satisfactory to Administrative Agent and LC Issuer. “LC Sublimit” means, as of any date of determination, the lesser of (a) One Hundred Fifty-Five Million Dollars ($155,000,000) and (b) the aggregate unused amount of the Revolving Commitments then in effect. The LC Sublimit may be subject to increase pursuant to the terms and conditions hereof.

Examples of LC Issuer Indemnitees in a sentence

  • Lender Group Indemnitees - the Agent Indemnitees, the Lender Indemnitees, and the LC Issuer Indemnitees.

  • LC Issuer Indemnitees - LC Issuer and its present and future officers, directors and agents.

  • Indemnitees: Agent Indemnitees, Lender Indemnitees, Canadian LC Issuer Indemnitees, US LC Issuer Indemnitees and Bank of America Indemnitees.

Related to LC Issuer Indemnitees