Matured LC Obligations Definition: 152 Samples

Matured LC Obligations definition

Matured LC ObligationsМэmeans all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be made under any Letter of Credit and all other amounts due and owing to LC Issuer under any LC Application for any Letter of Credit, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise).

Matured LC ObligationsМэmeans all amounts paid by Agent on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit (or under or in connection with any LC Application) which have not been repaid to Agent by or on behalf of Borrower (with the proceeds of an Advance or otherwise, but excluding payments made by Lenders on account of their participation interests hereunder).

Examples of Matured LC Obligations in a sentence

All interest on (and other proceeds of) such Investments shall be reinvested or applied to Matured LC Obligations or other Obligations which are due and payable.
All interest on such investments shall be reinvested or applied to Matured LC Obligations.
All amounts so paid shall first be applied to Matured LC Obligations and then held by LC Issuer as LC Collateral until such LC Obligations become Matured LC Obligations, at which time such LC Collateral shall be applied to such Matured LC Obligations.
LC Issuer will hold such amount as security for the remaining LC Obligations (all such amounts held as security for LC Obligations being herein collectively called "LC Collateral") until such LC Obligations become Matured LC Obligations, at which time such LC Collateral may be applied to such Matured LC Obligations.
All amounts so paid shall first be applied to Matured L/C Obligations and then held by the Issuing Bank as L/C Collateral until such L/C Obligations become Matured L/C Obligations, at which time such L/C Collateral shall be applied to such Matured L/C Obligations.

More Definitions of Matured LC Obligations

Matured LC ObligationsМэmeans the aggregate amount of payments theretofore made by the Issuing Lender in respect of Letters of Credit and not theretofore reimbursed by the Company to the Issuing Lender or deemed Loans pursuant to Section 2.13(d).

Matured LC ObligationsМэmeans all amounts paid by Issuing Bank or any Lender on drafts or demands for payment drawn or made under any Letter of Credit (or under or in connection with any LC Application) which have not been repaid to Issuing Bank or such Lender (with the proceeds of a Revolving Loan Advance or otherwise).

Matured LC ObligationsМэhas the meaning given it in Section 2A.2(a).

Matured LC ObligationsМэmeans all amounts paid by Issuing Bank under or reasonably purported to be under any Letter of Credit or under any LC Application which have not been repaid to Issuing Bank.

Matured LC ObligationsМэall amounts paid by an Issuing Bank on drafts or demands for payment drawn or made under or purported to be drawn on or made under any Letter of Credit and all other amounts due and owing to such Issuing Bank under any LC Application for any Letter of Credit, to the extent the same have not been repaid to such Issuing Bank (with the proceeds of Loans or otherwise).

Matured LC ObligationsМэmeans the sum of all Matured Canadian LC Obligations and Matured US LC Obligations.

Matured LC ObligationsМэmeans all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due and owing to LC Issuer under any LC Application for any Letter of Credit, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise). (d) (e) "Maturity Date" means five (5) years from the date hereof. (f) (g) "Maximum Drawing Amount" means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

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