Letter of Credit Loan definition

Letter of Credit Loan means a payment by an Issuing Bank of a draft drawn under any Letter of Credit pursuant to Section 3.04 or, without duplication, a payment by a Lender in respect thereof pursuant to Section 3.04.

Letter of Credit Loan means a payment by an Issuing Bank of a drawing under any Letter of Credit pursuant to Section 3.02 or, without duplication, a payment by a Lender in respect thereof pursuant to Section 3.02.

Letter of Credit Loan means a funding made by the Revolving Issuing Bank or any Revolving Lender pursuant to Section 2.2(f)(ii).

Examples of Letter of Credit Loan in a sentence

• All payments of principal of and interest on each Loan in a particular Currency shall be made in such Currency except all payments of principal of and interest on each Letter of Credit Loan denominated in an Alternate Currency shall be made in Dollars in the Dollar Equivalent of the Alternate Currency payment amount.

• The Borrower, Administrative Agent and the Lenders previously entered into that certain Revolving Credit and Letter of Credit Loan Agreement dated October 14, 2004 (as previously amended and as it may be amended from time to time, the “Credit Agreement”).

• Each Issuing Bank shall give notice to the Company of the making of any Letter of Credit Loan by such Issuing Bank and of the sale or assignment of any Letter of Credit Loan by it pursuant to Section 3.04(b), and each Lender shall give notice to the Company of any sale or assignment of any Letter of Credit Loan by it, in each case on the date on which such transaction takes place.

• Pursuant to the Credit Facility Amendment, the Lenders corrected an omission made when the Company entered into that certain Third Amendment to Revolving Credit and Letter of Credit Loan Agreement, dated February 28, 2006.

• The payment by any Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by such Issuing Bank of a Letter of Credit Loan.

More Definitions of Letter of Credit Loan

Letter of Credit Loan a Loan made by a Lender to or for the account of the Company pursuant to Section 2.14.

Letter of Credit Loan has the meaning ascribed to such term in Section 2.03(e) of this Agreement.

Letter of Credit Loan has the meaning specified in Section 2.02(b).

Letter of Credit Loan means a payment by the Issuing Bank of a draft

Letter of Credit Loan means the maximum aggregate amount of the Letter of Credit or Letters of Credit that may be issued by Lender as provided in Paragraph 2 of Article IX below.

Letter of Credit Loan means a performing Construction Loan which is entirely owned by a Borrower and for which the indebtedness thereunder is also secured by a Letter of Credit, which loan includes, without limitation, (i) a Mortgage Note and related Mortgage, (ii) a Letter of Credit supporting payments under such loan, and (iii) all right, title and interest of a Borrower in and to the Mortgaged Property covered by such Mortgage.

Letter of Credit Loan means a Project LC Loan."