LOC Termination Disbursement definition

LOC Termination Disbursement means an amount drawn under the Series 1998-1 Letter of Credit pursuant to a Certificate of Termination Demand. The amount of such LOC Termination Disbursement shall be the amount so drawn or thereafter, if greater, the amount of the Deposited Funds in the Series 1998-1 Cash Collateral Account.
LOC Termination Disbursement means an amount drawn under the Series 1997-2 Letter of Credit pursuant to a Certificate of Termination Demand.

Examples of LOC Termination Disbursement in a sentence

  • The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2001-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2001-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2001-1 Letter of Credit would be used hereunder.

  • The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2000-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2000-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2000-1 Letter of Credit would be used hereunder.

  • The Trustee shall, in accordance with Sections 4.20 and 4.21 of the Series 1999-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 1999-1 Cash Collateral Account and shall use such funds in the same manner as the Series 1999-1 Letter of Credit would be used hereunder.

  • The Trustee shall, in accordance with Sections 4.20 and 4.21 of the Series 1997-1 Supplement, deposit the amount of such Series 1997-1 LOC Termination Disbursement into the Series 1997-1 Cash Collateral Account and shall use such funds in the same manner as the Series 1997-1 Letter of Credit would be used hereunder.

  • This Agreement hereby incorporates by reference as though fully set forth herein all provisions of the Credit Agreement set forth under Sections 5.1 through 5.10 thereof, including, without limitation, as if any Series 1997-1 LOC Credit Disbursement or the Series 1997-1 LOC Termination Disbursement referred to herein were Loans (as defined in the Credit Agreement) under the Credit Agreement.

  • The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2002-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2002-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2002-1 Letter of Credit would be used hereunder.

  • The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2003-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2003-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2003-1 Letter of Credit would be used hereunder.

Related to LOC Termination Disbursement

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

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

  • 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.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Revolving Facility Termination Date means the earlier of (i) January 29, 2013, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • 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.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

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

  • Scheduled Commitment Termination Date means May 24, 2016, as such date may be extended by mutual agreement of the parties hereto (each, in their sole and absolute discretion) pursuant to Sections 2.21 and 12.01(b).

  • Revolving Termination Date means the earlier to occur of: