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 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.

  • 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.

  • 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 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 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.

  • 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.

  • 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”).

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

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(c).

  • Unused Amount means the Maximum Line reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (.5%) 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).