Letter of Credit Interest definition

Letter of Credit Interest means, for each Revolving Credit Lender, such Lender's participation interest (or, in the case of the Issuing Lender, the Issuing Lender's retained interest) in the Issuing Lender's liability under Letters of Credit and such Lender's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Letter of Credit Interest means, for each Bank, (i) such Bank's participation interest in Letters of Credit (and, in the case of an Issuing Bank, such Issuing Bank's retained interest in Letters of Credit issued by it), and (ii) such Bank's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Letter of Credit Interest means, for each Bank, such Bank's participation interest (or, in the case of the Issuing Bank, the Issuing Bank's retained interest) in the Issuing Bank's liability under Letters of Credit and such Bank's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Examples of Letter of Credit Interest in a sentence

• Upon the request of any Lender from time to time, the Issuing Lenders shall deliver any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding in which such Lender holds a Letter of Credit Interest.

• Furthermore, any Bank or Issuing Bank may assign, as collateral or otherwise, any of its rights (including rights to payments of principal of and/or interest on its Letter of Credit Interest or Revolving Credit Advances made by such Bank) under this Agreement, its Notes or any of its Letter of Credit Interest to any Federal Reserve Bank without notice to or consent of any Borrower, the Issuing Banks or the Agent.

• The obligations of the Borrowers under Sections 5.01, 5.05, 5.06, 5.07 and 11.03, and the obligations of the Lenders under Section 10.05, shall survive the repayment of the Loans and Reimbursement Obligations and the termination of the Commitments and, in the case of any Lender that may assign any interest in its Commitments, Loans or Letter of Credit Interest hereunder, shall survive the making of such assignment, notwithstanding that such assigning Lender may cease to be a “Lender” hereunder.

• The agreements in this Section 10.10 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the repayment of the Loans and Reimbursement Obligations and the termination of the Commitments and, in the case of any Lender that may assign any interest in its Commitments, Loans or Letter of Credit Interest hereunder, shall survive the making of such assignment.

• The Borrower hereby unconditionally agrees to pay and reimburse the Agent for the account of the Issuing Bank and the other Banks with respect to their Letter of Credit Interest for the amount of each demand for payment under such Letter of Credit at or prior to the date on which payment is to be made by the Issuing Bank to the beneficiary under such Letter of Credit, without presentment, demand, protest or other formalities of any kind.

More Definitions of Letter of Credit Interest

Letter of Credit Interest means, for each Revolving Credit Lender, such Xxxxxx's participation interest (or, in the case of the relevant Issuing Bank, such Issuing Bank's retained interest) in an Issuing Bank's liability under Letters of Credit issued by such Issuing Bank and such Xxxxxx's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Letter of Credit Interest means, for each Revolving Credit Lender or Incremental Facility Revolving Credit Lender, as applicable, such Lender’s participation interest (or, in the case of an Issuing Lender, such Issuing Lender’s retained interest) in an Issuing Lender’s liability under Letters of Credit of the applicable Class and such Lender’s rights and interests in Reimbursement Obligations of such Class and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations of such Class.

Letter of Credit Interest means, for each Facility A Lender, such Facility A Lender's participation interest in the Issuing Bank's liability under Letters of Credit (or, in the case of the Issuing Bank, the Issuing Bank's retained interest therein) and such Facility A Lender's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Letter of Credit Interest means, for each Revolving Credit Lender, such Revolving Credit Lender’s participation interest (or, in the case of the Issuing Lender, the Issuing Lender’s retained interest) in the Issuing Lender’s liability under Letters of Credit and such Revolving Credit Lender’s rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with Letters of Credit and Reimbursement Obligations.

Letter of Credit Interest or "Letter of Credit Liability", without the consent of the Majority Revolving Credit Lenders; (c) no waiver or modification with respect to Section 1402 or 1502 of the 1998 Indenture or any similar provision in any other Senior Subordinated Notes Indenture shall be effective without the consent of the Lenders holding at least 66 2/3% of the sum of (i) the aggregate unused Commitments, (ii) the aggregate unpaid principal amount of the Loans (other than the Swingline Loans) and (iii) the aggregate amount of all Letter of Credit Liabilities; (d) any modification of any of the rights or obligations of the Administrative Agent or the Issuing Bank hereunder (including, without limitation, any of the provisions of Section 11.08 hereof) shall require the consent of the Administrative Agent or the Issuing Bank (as the case may be); and (e) no modification, supplement or waiver with respect to any provision of Section 2.01(d) or 2.02(b) hereof shall be effective without the concurrence of the Swingline Lender and, if at the time any Swingline Loans shall be outstanding, no modification, supplement or waiver with respect to any provision of Section 9 or 10 hereof shall be effective without the concurrence of the Swingline Lender.

Letter of Credit Interest in connection with any Letter of Credit of any Class, shall mean, for each Bank and each Issuing Bank, such Bank's participation interest (or, in the case of such Issuing Bank, such Issuing Bank's retained interest) in such Issuing Bank's liability under Letters of Credit of such Class and such Bank's rights and interests in Reimbursement Obligations of such Class and fees, interest and other amounts payable in connection with Letters of Credit of such Class and Reimbursement Obligations of such Class.

Letter of Credit Interest means, for each Tranche 2 Lender, such Tranche 2 Lender's participation interest (or, in the case of the Issuer, the Issuer's retained interest) in the Issuer's liability under each Letter of Credit and such Tranche 2 Lender's rights and interests in Reimbursement Obligations and fees, interest and other amounts payable in connection with the Letters of Credit and Reimbursement Obligations.