Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).
Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).
Letter of Credit Advance means, as to any Revolving Lender, such Lender’s funding of its participation in any Letter of Credit Borrowing in accordance with its Pro Rata Share.
Examples of Letter of Credit Advance in a sentence
The Borrower shall repay to the Administrative Agent for the account of the Issuing Banks and each Rollup Revolving Credit Lender that has made a Rollup Letter of Credit Advance the outstanding principal amount of each Rollup Letter of Credit Advance made by each of them on the earlier of (i) the date of demand therefor and (ii) the Termination Date.
More Definitions of Letter of Credit Advance
Letter of Credit Advance means any issuance of a Letter of Credit under Section 2.4 made pursuant to Section 2.1 in which each Bank acquires a pro rata participation (based on such Bank's Commitment) pursuant to Section 2.4(d).
Letter of Credit Advance has the meaning specified in Section 2.02(f).
Letter of Credit Advance means an advance made by any Issuing Bank or Revolving Credit Lender pursuant to Section 2.03(c).
Letter of Credit Advance means each Revolving Credit Lender’s funding of its participation in any Letter of Credit Borrowing in accordance with its Applicable Revolving Credit Percentage. All Letter of Credit Advances shall be denominated in Dollars.
Letter of Credit Advance means any issuance of a Letter of Credit under Section 3.1 made pursuant to Section 2.1 in which each Bank acquires a risk participation equal to its Pro Rata Share.
Letter of Credit Advance is used in this Agreement in accordance with the meanings set forth in this paragraph 2.02(f). The making of any payment by the Issuing Bank under a Letter of Credit is sometimes referred to herein as the making of a Letter of Credit Advance by the Issuing Bank in the amount of such payment. The making of any payment by a Bank for the account of the Issuing Bank under Section 2.02(e) on account of an unreimbursed drawing on a Letter of Credit is sometimes referred to herein as the making of a Letter of Credit Advance to the Applicable Account Party by such Bank. The making of such a Letter of Credit Advance by a Bank with respect to an unreimbursed drawing on a Letter of Credit shall reduce, by a like amount, the outstanding Letter of Credit Advance of the Issuing Bank with respect to such unreimbursed drawing.
Letter of Credit Advance means any issuance of a Letter of Credit under Section 2.4 made pursuant to Section 2.1.