Senior LC Lenders definition

Senior LC Lenders means those lenders party to the Working Capital Facility Agreement from time to time. 163 Annex B Amended Working Capital Facility [See attached.] CONFORMED COPY $1,200,000,000 AMENDED AND RESTATED SENIOR WORKING CAPITAL REVOLVING CREDIT AND LETTER OF CREDIT REIMBURSEMENT AGREEMENT Dated as of September 4, 2015, AS AMENDED BY Third Omnibus Amendment, dated as of May 23, 2018 and; Fourth Omnibus Amendment, dated as of September 17, 2018; and Fifth Omnibus Amendment, Consent and Waiver, dated as of May 29, 2019 among SABINE PASS LIQUEFACTION, LLC as Borrower, THE BANK OF NOVA SCOTIA as Senior Issuing Bank and Senior Facility Agent, ABN AMRO CAPITAL USA LLC, HSBC BANK USA, NATIONAL ASSOCIATION and ING CAPITAL LLC as Senior Issuing Banks, SOCIÉTÉ GÉNÉRALE as Swing Line Lender, SOCIÉTÉ GÉNÉRALE as Common Security Trustee, and THE SENIOR LENDERS NAMED HEREIN as Senior Lenders, and for the benefit of HSBC BANK USA, NATIONAL ASSOCIATION, ING CAPITAL LLC, XXXXXX XXXXXXX BANK, N.A., and SUMITOMO MITSUI BANKING CORPORATION as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Documentation Agents ABN AMRO CAPITAL USA LLC, THE BANK OF NOVA SCOTIA, THE BANK OF TOKYO- MITSUBISHI UFJ, LTD. and SOCIÉTÉ GÉNÉRALE as Joint Lead Arrangers, Joint Lead Bookrunners, and Co-Syndication Agents INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH and LLOYDS BANK PLC as Mandated Lead Arrangers and LANDESBANK BADEN-WÜRTTEMBERG, NEW YORK BRANCH as Manager TABLE OF CONTENTS Section Page ARTICLE I DEFINITIONS AND INTERPRETATION 3 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 ARTICLE II WORKING CAPITAL LOANS, SWING LINE LOANS AND COMMITMENTS 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 lenders party to the Working Capital Facility Agreement from time to time.
Sample 1
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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Examples of Senior LC Lenders in a sentence

  • The Senior LC Facility Administrative Agent shall determine the interest rate applicable to the Loans and shall give prompt notice of such determination to the Borrower and the Senior LC Lenders.

  • 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.

  • In connection with any such assignment, the Borrower, the Senior LC Facility Administrative Agent, such Non-Consenting Lenders and the replacement Senior LC Lenders shall otherwise comply with Section 11.04 (Assignments).

  • In the event The Bank of Nova Scotia is no longer the Senior LC Facility Administrative Agent, any successor Senior LC Facility Administrative Agent may be removed at any time with cause by the Required Senior LC Lenders.

  • 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.

  • 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 rights of the Senior Issuing Bank, each of the Senior LC Lenders and their respective Affiliates under this Section 11.14 are in addition to other rights and remedies (including other rights of setoff) that such Senior Issuing Bank, Senior LC Lender or their respective Affiliates may have.

  • Any actions, consents, approvals, authorizations or discretion taken, given, made or exercised, or not taken, given, made or exercised by the Senior LC Facility Administrative Agent, acting as a Secured Debt Holder Group Representative on behalf of the Senior LC Lenders and the Senior Issuing Bank, in accordance with the Intercreditor Agreement shall be binding on each Senior LC Lender and the Senior Issuing Bank.

  • 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.

  • The Senior LC Facility Administrative Agent may be removed at any time (i) by the Required Senior LC Lenders for such Person's gross negligence or willful misconduct or (ii) by the Borrower, with the consent of the Required Senior LC Lenders, for such Person's gross negligence or willful misconduct.

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 each and every Person to whom any of the Subordinated Indebtedness are owed.

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

  • Bank Lenders means the lenders from time to time 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 lenders under the Prepetition Credit Agreement.

  • 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 agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • 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 means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • DIP Lender means a lender under the DIP Facility.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

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

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • 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.