Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.
Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).
Letter of Credit Borrowing means as is specified in Section 2.8(c)(iii).
Examples of Letter of Credit Borrowing in a sentence
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Borrowing or Letter of Credit Advance in respect of the relevant Letter of Credit Borrowing, as the case may be.
In such event, each Revolving Lender’s payment to the Administrative Agent for the account of such Issuing Bank pursuant to Section 2.04(c)(i) shall be deemed payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a Letter of Credit Advance from such Lender in satisfaction of its participation obligation under this Section.
More Definitions of Letter of Credit Borrowing
Letter of Credit Borrowing has the meaning specified in Section 2.9.3 [Disbursements, Reimbursement].
Letter of Credit Borrowing has the meaning specified therefor in Section 3.04(d).
Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing.
Letter of Credit Borrowing is an Advance comprised of a single Letter of Credit.
Letter of Credit Borrowing shall have the meaning assigned to such term in Section 2.9.3.2(ii) [Participations, Disbursements, Reimbursement].
Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit that has not been reimbursed on the date when made or refinanced by a Loan.
Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d) hereof. “Letter of Credit Fees” shall have the meaning set forth in Section 3.2 hereof.