L/C Obligations

Example Definitions of "L/C Obligations"
L/C Obligations. Shall mean the aggregate of (i) the then undrawn and unexpired amount of any then-outstanding Letter of Credit and (iii) the aggregate amount of all unpaid L/C Reimbursement Obligations.
Found in GTJ REIT, INC. contract
L/C Obligations. At any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, including any automatic or scheduled increases provided for by the terms of such Letters of Credit, determined without regard to whether any conditions to drawing could be met at that time, plus (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time
Found in Omega Flex, Inc. contract
L/C Obligations. Means, as of any date of determination and without duplication, the aggregate amount available to be drawn under the Existing Letters of Credit while such Existing Letters of Credit remain outstanding plus the aggregate amount of any unreimbursed drawings under the Existing Letter of Credit plus the aggregate amount of all Letter of Credit Fees, interest and other amounts due and payable to the Issuing Bank or any Lender under this Agreement, any Existing Letter of Credit or any L/C-Related... Document. View More
Found in LSC Communications, Inc. contract
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