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 aggregate undrawn face amount of all outstanding Letters of Credit. “LCR Security” means any commercial paper or security (other than equity securities issued to ▇▇▇▇▇▇ Tire or any Originator that is a consolidated subsidiary of ▇▇▇▇▇▇ Tire under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014). “Letter of Credit” means any stand-by letter of credit issued by the LC Bank for the account of the Seller (or for the account of an Originator or any of its Subsidiaries, as applicable) pursuant to this Agreement. “Letter of Credit Application” has the meaning set forth in Section 1.13(a) of this Agreement. “LIBOR” means LMIR or the Euro-Rate, as applicable.
LC Participation Amount means, at any time, the excess, i f any, o f (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 of determination, the sum of the amounts then available to be drawn under all outstanding Letters of Credit. “ LC Request ” means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent, the LC