LOC Reimbursement Date definition

LOC Reimbursement Date has the meaning assigned to it in Section 2.01(f)(i).
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LOC Reimbursement Date means, with respect to any draw request delivered by any Account Beneficiary by the close of business for the Fedwire Funds Service, the later of (i) the first Business Day that is not less than thirty (30) calendar days after the date such draw request is delivered or (ii) the third (3rd) Business Day following the end of the calendar month in which the draw request is delivered.
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Examples of LOC Reimbursement Date in a sentence

  • Subject to the Priority of Payments, interest accrued in respect of any LOC Disbursement shall be payable on the relevant LOC Reimbursement Date, and thereafter on demand from time to time by the Issuing Lender and upon payment of any LOC Reimbursement Obligation.

  • The Borrower agrees to pay to the Issuing Lender all Funding Costs on the LOC Reimbursement Date.

  • Central to the funding regime is the Statutory Funding Objective which requires that the Scheme has appropriate and adequate assets to meet its Technical Provisions.

  • The Borrower agrees to pay interest on the amount of each such portion of any unpaid Facility Reimbursement Obligation from the date such LOC Disbursement is made to but excluding the LOC Reimbursement Date (or any such prior date that the Borrower pays such LOC Disbursement (or any such portion thereof)) at a rate per annum equal to the Prime Rate.

  • If an LOC Disbursement is not reimbursed in full on or prior to 11:00 a.m. (New York time) on the LOC Reimbursement Date, the Administrative Agent shall promptly notify each Lender of (x) the applicable LOC Disbursement, (y) the unreimbursed amount of such LOC Disbursement (including any unpaid interest thereon) and (z) such Lender’s Applicable Percentage thereof.

  • Notwithstanding the foregoing, if any portion of any Facility Reimbursement Obligation payable by the Borrower is not paid when due, the Borrower agrees to pay interest on such overdue amount for the period from the applicable LOC Reimbursement Date to but excluding the date on which such overdue Facility Reimbursement Obligation (or portion thereof) is paid in full at a rate per annum equal to the Prime Rate plus 2.00% per annum.

  • If the Issuing Lender shall receive a sight draft in respect of any Letter of Credit from any Account Beneficiary, the Borrower unconditionally agrees to reimburse the Issuing Lender for the full amount of the requested disbursement (each, an “LOC Reimbursement Obligation”), on or prior to the applicable LOC Reimbursement Date (subject to Section 7.01(a)).

  • Any portion of any Facility Reimbursement Obligation which is not paid by the Borrower on or prior to the related LOC Reimbursement Date, as of such LOC Reimbursement Date, shall constitute an immediately due and payable unsecured loan to the Borrower.

Related to LOC Reimbursement Date

  • Reimbursement Date shall have the meaning provided in Section 3.4(a).

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Reimbursement Rate shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the Servicing Agreement.

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Disbursement Date is defined in Section 2.6.2.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Reimbursement Amount As defined in Section 2.04.

  • Credit allowance date means with respect to any qualified equity investment:

  • Facility Fees has the meaning provided in Section 2.11(a).

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Reimbursement Amounts As defined in Section 3.22.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Payment Period means the three months following each Collection Quarter.