Senior LC Lenders definition

Senior LC Lenders means those lenders party to the Working Capital Facility Agreement from time to time. HSBC BANK USA, NATIONAL ASSOCIATION and ING CAPITAL LLC, XXXXXX XXXXXXX BANK, N.A., and ABN AMRO CAPITAL USA LLC, THE BANK OF NOVA SCOTIA, THE BANK OF TOKYO- MITSUBISHI UFJ, LTD. and SOCIÉTÉ GÉNÉRALE SECTION 1.01. Defined Terms 3 SECTION 1.02. Principles of Interpretation 22 SECTION 1.03. UCC Terms 22 SECTION 1.04. Accounting and Financial Determinations 22 SECTION 2.01. Working Capital Loans 2322 SECTION 2.02. Notice of Working Capital Loan Borrowings 23 SECTION 2.03. Borrowing of Working Capital Loans 24 SECTION 2.04. Swing Line Loans 26 SECTION 2.05. Incremental Commitments 30 SECTION 2.06. Termination or Reduction of Commitments 31
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Senior LC Lenders means those commercial bank lenders identified on Schedule 2.01, each Eligible Assignee that shall become a party hereto pursuant to Section 11.04 (Assignments) and, to the extent so provided in Section 3.03(e) (Reimbursement to Senior Issuing Bank), the Senior Issuing Bank.
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Senior LC Lenders means those lenders party to the Working Capital Facility Agreement from time to time.
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Examples of Senior LC Lenders in a sentence

  • Each payment of the Commitment Fee shall be allocated by the Senior LC Facility Administrative Agent pro rata among the Senior LC Lenders in accordance with their respective Senior LC Commitment.

  • The Bank of Nova Scotia hereby accepts this appointment and agrees to act as the Senior LC Facility Administrative Agent for the Senior LC Lenders and the Senior Issuing Bank in accordance with the terms of this Agreement.

  • The Senior LC Facility Administrative Agent shall have received a legal opinion of Xxxxxx Xxxxx LLP, New York counsel and special Delaware counsel to the Borrower, in form and substance reasonably satisfactory to the Senior LC Facility Administrative Agent, the Senior Issuing Bank and each of the Senior LC Lenders (with sufficient copies thereof for each addressee).

  • In determining compliance with any condition hereunder to the issuance of a Letter of Credit that by its terms must be fulfilled to the satisfaction of the Required Senior LC Lenders, the Senior Issuing Bank may presume that such condition is satisfactory to the Required Senior LC Lenders unless the Senior Issuing Bank has received notice to the contrary from such Senior LC Lenders or the Intercreditor Agent prior to the issuance of such Letter of Credit.

  • To claim any amount under this Section 5.03(c), the Senior LC Facility Administrative Agent, Senior Issuing Bank or Senior LC Lenders (as applicable) must deliver to the Borrower (with a copy to the Senior LC Facility Administrative Agent) a certificate in reasonable detail as to the amount of such payment or liability, which certificate shall be conclusive absent manifest error.

  • The obligations of the Senior LC Lenders to make payments pursuant to this Section 11.08(b) are several and not joint and shall survive the payment in full of the Obligations and the termination of this Agreement.

  • Subject to Section 11.04(g), each partial assignment shall be made as an assignment of the same percentage of the outstanding Senior LC Commitment, participations in Letters of Credit and outstanding Loans and a proportionate part of all the assigning Senior LC Lender's rights and obligations under this Agreement with respect to the Senior LC Commitment, participations in Letters of Credit and outstanding Loans.

  • The Senior Issuing Bank and each Senior LC Lender agrees to notify the Senior LC Facility Administrative Agent in writing (including by electronic communication) from time to time of such Senior LC Lender's e-mail address(es) to which the notices may be sent by electronic transmission and that such notices may be sent to such e-mail address(es).

  • The Senior Issuing Bank and each of the Senior LC Lenders agrees to notify the Borrower and the Senior LC Facility Administrative Agent promptly after any such setoff and application; provided that, the failure to give such notice shall not affect the validity of such setoff and application.

  • Each reduction of the Senior LC Commitments shall be made ratably among the Senior LC Lenders in accordance with their Proportionate Share.

Related to Senior LC Lenders

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • DIP Lender means a lender under the DIP Facility.

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.