LC Participation Amount definition
LC Participation Amount means at any time of determination, the sum of the amounts then available to be drawn under all outstanding Letters of Credit.
LC Participation Amount means, at any time, the then sum of the undrawn amounts of all outstanding Letters of Credit.
LC Participation Amount means, at any time, the then aggregate face amount of the outstanding Letters of Credit.
Examples of LC Participation Amount in a sentence
The Transfer Supplement shall be an amendment hereof only to the extent necessary to reflect the addition of such Purchasing Related Committed Purchaser as a “Related Committed Purchaser” and a related “LC Participant” and any resulting adjustment of the selling Related 782009308 25792734 Committed Purchaser’s Commitment and, if applicable, selling related LC Participant’s Pro Rata Share of the LC Participation Amount.
More Definitions of LC Participation Amount
LC Participation Amount means, at any time, the sum of the then undrawn amounts of all outstanding Letters of Credits. For the avoidance of doubt, if any Letter of Credit expires or is surrendered without being drawn (in whole or in part) then the LC Participation Amount shall automatically reduce by the face amount of the Letter of Credit which is no longer outstanding.
LC Participation Amount means, at any time, the excess, if any, of (a) aggregate face amount of the outstanding Letters of Credit at such time over (b) the amount of any drawings made under such Letters of Credit.
LC Participation Amount means, at any time, the then aggregate undrawn face amount of all outstanding Letters of Credits.
LC Participation Amount means, at any time, the then Dollar Equivalent of the sum of the undrawn amounts of all outstanding Letters of Credits. “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller pursuant to this Agreement.
LC Participation Amount means, at any time, the then Dollar Equivalent of the sum of the undrawn amounts of all outstanding Letters of Credits. “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller pursuant to this Agreement. “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement. “Liquidity Agreement” means any agreement entered into in connection with this Agreement pursuant to which a Liquidity Provider agrees to make purchases or advances to, or purchase assets from, any Conduit Purchaser in order to provide liquidity for such Conduit Purchaser’s Purchases. “Liquidity Provider” means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement. “Loss Reserve” means, on any day, an amount equal to (a) the sum of (i) the Aggregate Capital plus (ii) the Adjusted LC Participation Amount multiplied by (b) the Loss Reserve Percentage on such date.
LC Participation Amount means with respect to any LC Bank, at any time, the then sum of the undrawn amounts of all outstanding Letters of Credit issued by such LC Bank. 740811803 17540157
LC Participation Amount means at any time of determination, the sum of the amounts then available to be drawn under all outstanding Letters of