LC Obligor means, with respect to each LC Issuance, the Borrower or the Subsidiary Guarantor for whose account such Letter of Credit is issued.
LC Obligor means, with respect to each LC Issuance, the Credit Party for whose account such Letter of Credit is issued.
LC Obligor means (i) with respect to any Revolving Facility Letter of Credit, the Company or any Guarantor, and (ii) with respect to any Canadian Letter of Credit, any Canadian Borrower or any Canadian Subsidiary Guarantor.
Examples of LC Obligor in a sentence
Unless otherwise expressly agreed by the applicable LC Issuer and the applicable LC Obligor, when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each Standby Letter of Credit.
If on any date the LC Outstandings exceed the Initial LC Commitment, then the applicable LC Obligor or the Borrower shall, on such day, Cash Collateralize any LC Outstandings that have not previously been Cash Collateralized to the extent of such excess.
More Definitions of LC Obligor
LC Obligor means, with respect to each LC Issuance, the Borrower or the Subsidiary Guarantor for whose account such Letter of Credit is issued. “LC Outstandings” means, at any time, the sum, without duplication, of (i) the Dollar Equivalent of the aggregate Stated Amount of all outstandingLetters of Credit and (ii) the Dollar Equivalent of the aggregate amount of all outstanding Unpaid Drawings with respect to Letters of Credit.
LC Obligor means with respect to any Revolving Facility Letter of Credit, the Company, any other Revolving Facility Borrower or any Subsidiary.
LC Obligor means (i) with respect to any Revolving Facility Letter of Credit, the Company, any other Revolving Facility Borrower or any Subsidiary Guarantor, and (ii) with respect to any Canadian Letter of Credit, any Canadian Borrower.
LC Obligor means, with respect to each LC Issuance, the Borrower or any Restricted Subsidiary for whose account such Letter of Credit is issued. “LC Outstandings” means, at any time, the sum, without duplication, of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the
LC Obligor means any Borrower, any Guarantor or, if acceptable to the Issuing Bank, any other Subsidiary.
LC Obligor means TECO Finance.
LC Obligor means with respect to any Revolving Facility Letter of Credit, the Company, any other Revolving Facility Borrower or any Subsidiary. “Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land,