Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.
Letter of Credit Payment means any payment made by the Agent on behalf of the Lenders under a Letter of Credit, to the extent that such payment has not been repaid by the Borrower.
Letter of Credit Payment means, as applicable (i) all payments made by a Facing Agent pursuant to either a draft or demand for payment under a Letter of Credit or (ii) all payments by Revolving Lenders to a Facing Agent in respect thereof (whether or not in accordance with their Pro Rata Share).
Examples of Letter of Credit Payment in a sentence
In consideration and in furtherance of the foregoing, each Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Xxxxxx’s Applicable Revolving Credit Percentage of each Letter of Credit Payment made by such Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph (ii) below, or of any reimbursement payment required to be refunded to the Borrower for any reason.
More Definitions of Letter of Credit Payment
Letter of Credit Payment means as applicable (i) all payments made by the Facing Agent pursuant to either a draft or demand for payment under a Letter of Credit or (ii) all payments made by the Lenders to the Facing Agent in respect thereof (whether or not in accordance with their Revolver Pro Rata Shares).
Letter of Credit Payment means any amount paid or required to be paid by the applicable Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.
Letter of Credit Payment means as applicable (a) all payments made by the respective Facing Agent pursuant to either a draft or demand for payment under a Letter of Credit or (b) all payments by Lenders having Multicurrency Revolving Commitments to such Facing Agent in respect thereof (whether or not in accordance with their Multicurrency Revolver Pro Rata Share).
Letter of Credit Payment means, as applicable (a) all payments made by Facing Bank pursuant to either a draft or demand for payment under a Letter of Credit or (b) all payments made by Lenders having Revolving Commitments to Facing Bank in respect thereof (whether or not in accordance with their Revolving Pro Rata Share).
Letter of Credit Payment means as applicable (a) all payments made by the Facing Agent pursuant to either a draft or demand for payment under a Letter of Credit or (b) all payments by Lenders having Domestic Revolving Commitments to Facing Agent in respect thereof (whether or not in accordance with their Domestic Revolver Pro Rata Share).
Letter of Credit Payment means the amount advanced by the Lender to the beneficiary of a Letter of Credit which is not evidenced by the Note and for which the Lender remains unreimbursed by the Borrower.
Letter of Credit Payment means as applicable (a) all payments made by the respective Facing Agent pursuant to either a draft or demand for payment under a Letter of Credit or (b) all payments by Revolving Lenders under any Revolving Facility having Multicurrency Revolving Commitments to such Facing Agent in respect thereofunder such Revolving Facility (whether or not in accordance with their Multicurrency Revolver Pro Rata Share under such Revolving Facility).