Unreimbursed LC Amount definition

Unreimbursed LC Amount. As defined in Section 1.6(d).
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Examples of Unreimbursed LC Amount in a sentence

  • If the Borrower shall not have satisfied its obligation to reimburse the LC Issuer for the Unreimbursed LC Amount from other sources or funds, the LC Issuer shall promptly notify the Agent and the Lender of such non-payment and the Lender shall reimburse the LC Issuer for the Unreimbursed LC Amount (a “Lender Reimbursement Payment”).

  • If a Loan cannot be made to reimburse the LC Issuer for the Unreimbursed LC Amount because the conditions precedent to Credit Extensions set forth in Section 6.2 have not been met, the Borrower shall be obligated to immediately reimburse the LC Issuer for such Unreimbursed LC Amount from other sources or funds.

  • If the Borrower is obligated to reimburse the LC Issuer for an Unreimbursed LC Amount from other sources or funds as provided above, and the Borrower shall fail to reimburse the LC Issuer for such Unreimbursed LC Amount in full or a Lender Reimbursement Payment is made by any Lender, such Unreimbursed LC Amount and/or Lender Reimbursement Payment, as applicable, shall bear interest at the Default Rate until payment in full.

  • The Borrower shall be obligated to immediately reimburse the LC Issuer for such Unreimbursed LC Amount from other sources or funds.

  • If any Lender makes any such Lender Reimbursement Payment to reimburse the LC Issuer for the Unreimbursed LC Amount pursuant to the foregoing sentence, the amounts payable pursuant to the then outstanding reimbursement obligations owed by the Borrower to the LC Issuer shall be paid to such Lender to reimburse such Lender for its Lender Reimbursement Payment made to the LC Issuer.

  • If the Borrower is obligated to reimburse the LC Issuer for an Unreimbursed LC Amount from other sources or funds as provided above, and the Borrower shall fail to reimburse the LC Issuer for such Unreimbursed LC Amount in full or a Lender Reimbursement Payment is made by the Lender, such Unreimbursed LC Amount and/or Lender Reimbursement Payment, as applicable, shall bear interest at the Default Rate until payment in full.

  • If the Lender makes any such Lender Reimbursement Payment to reimburse the LC Issuer for the Unreimbursed LC Amount pursuant to the foregoing sentence, the amounts payable pursuant to then outstanding reimbursement obligations owed by the Borrower to the LC Issuer shall be paid to the Lender to reimburse the Lender for the Lender Reimbursement Payment made to the LC Issuer.

  • Upon receipt of a Notice of LC Draw, (x) the Agent and the Lender will be deemed to have received a timely Borrowing Request that the Lender make a Loan on such date in the amount of the Unreimbursed LC Amount, and (y) if the conditions precedent to Credit Extensions set forth in Section 6.2 have been met, the Lender shall make such requested Loan, the proceeds of which shall be applied to reimburse the LC Issuer for the Unreimbursed LC Amount.

Related to Unreimbursed LC Amount

  • Unreimbursed Amount has the meaning specified in Section 2.03(c)(i).

  • Swing Line Participation Amount as defined in Section 2.7.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Amount as defined in Section 3.4(b).

  • Disbursed Amount means, in respect of each Interest Period, the aggregate principal amount of the Loan withdrawn from the Loan Account in such Interest Period.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Letter of Credit Liability means, all reimbursement and other liabilities of Borrower or any of its Subsidiaries with respect to each Lender Letter of Credit, whether contingent or otherwise, including: (a) the amount available to be drawn or which may become available to be drawn; (b) all amounts which have been paid or made available by any Lender issuing a Lender Letter of Credit or any bank issuing a Bank Letter of Credit to the extent not reimbursed; and (c) all unpaid interest, fees and expenses related thereto.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Reimbursement Obligations means at any time, the aggregate of the Obligations of the Borrower to the Lenders, the Issuing Bank and the Administrative Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuing Bank and the Administrative Agent under or in respect of the Facility Letters of Credit.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Commitment Percentage means, as to any Lender at any time, the ratio of (a) the amount of the Commitment of such Lender to (b) the Aggregate Commitment of all of the Lenders.