Letter of Credit Reimbursement Obligations definition

Letter of Credit Reimbursement Obligations means all such obligations with respect to all Letters of Credit.

Letter of Credit Reimbursement Obligations means, at any time, all obligations of Borrower to reimburse Bank for amounts paid by Bank in respect of drawings under Letters of Credit.

Letter of Credit Reimbursement Obligations means any and all obligations of the parties to the Letter of Credit Reimbursement Agreement to reimburse the Letter of Credit Provider for credit disbursements under the Letter of Credit.

Examples of Letter of Credit Reimbursement Obligations in a sentence

• For the avoidance of doubt, no portion of the Collateral Principal Amount may consist of Senior Secured Bonds, Senior Unsecured Bonds, other Bonds, Senior Secured Floating Rate Notes or Letter of Credit Reimbursement Obligations.

• For the avoidance of doubt, no portion of the Collateral Principal Amount may consist of Letter of Credit Reimbursement Obligations.

• Any unreimbursed Letter of Credit Reimbursement Obligations shall constitute an ABL Adequate Protection Superpriority Claim.

• If the Debtors fail to satisfy their Letter of Credit Reimbursement Obligations for any reason, the Debtors shall be in default of the Cash Collateral Order (such default, a “Reimbursement Default”), the Debtors’ right to use any Cash Collateral shall be automatically terminated without further notice, application, hearing, or order of the Court, and all L/C Borrowing shall accrue interest at the Default Rate.

• Each obligation (other than Letter of Credit Reimbursement Obligations) received in connection with a Distressed Exchange (a) that would be a Collateral ObligationAmount of all Collateral Obligations to which such clause (y) has been applied since the Closing Date being more than 10.0% of the Target Initial Par Amount.

More Definitions of Letter of Credit Reimbursement Obligations

Letter of Credit Reimbursement Obligations means, collectively, (a) the obligations of the Borrowers to reimburse the Issuing Bank in accordance with the terms of this Agreement and the related Letter of Credit Application for any payments made by the Issuing Bank under any Letter of Credit, and (b) all fees and expenses payable to the Agent for the account of the Lenders in respect of any Letter of Credit.

Letter of Credit Reimbursement Obligations means, at any time, the aggregate amount then owed by the Borrower to the Lender for or in respect of all payments or disbursements made by the Lender under or in respect of draws made under one or more of the Letters of Credit.

Letter of Credit Reimbursement Obligations means, at any time, the obligations of the Company then outstanding, or that may thereafter arise in respect of all Letters of Credit then outstanding, to reimburse amounts paid by the Issuing Bank in respect of any drawings under a Letter of Credit (to the extent not converted to a Canadian Prime Loan or a U.S. Base Rate Loan hereunder).

Letter of Credit Reimbursement Obligations means, as to any Letter of Credit, as at any date of determination, all Obligations of the Borrower relating to such Letter of Credit as at such date, including, without limitation, the sum of (a) the maximum aggregate amount which is then available to be drawn under such Letter of Credit plus (b) the aggregate amount of all drawings under such Letter of Credit honored by the Agent (or the issuing Bank) and not theretofore reimbursed by the Borrower.

Letter of Credit Reimbursement Obligations means any and all obligations of the Borrower under the Letter of Credit Documents to reimburse the issuer upon the occurrence of any draw under any Letter of Credit.

Letter of Credit Reimbursement Obligations means, as to any Letter of Credit, including, without limitation, the FMCP L/C, as at any date of determination, all Obligations of any of the Borrowers relating to such Letter of Credit as at such date, including, without limitation, the sum of (a) the maximum aggregate amount which is then available to be drawn under such Letter of Credit PLUS (b) the aggregate amount of all drawings under such Letter of Credit honored by the Agent and not theretofore reimbursed by the Borrowers.

Letter of Credit Reimbursement Obligations means, at any date, the ------------------------------------------ obligations of the Borrowers then outstanding to reimburse the Lender for payments made by the Lender under the Letters of Credit.