MoneyGram 2009 Annual Report Download - page 172

"LC Exposure" means, at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (ii) the aggregate
amount of all LC Disbursements at such time. The LC Exposure of any Lender at any time shall be its Pro Rata Share of the total LC Exposure at such time.
"LC Fee" is defined in Section 2.22(xi).
"LC Issuer" means JPMorgan Chase Bank, N.A. and each other Lender that agrees in writing with the Borrower to issue Letters of Credit (provided that
notice of such agreement is given to the Administrative Agent), in each case, in its capacity as the issuer of Letters of Credit hereunder, and its successors in
such capacity as provided in Section 2.22(ix). Each LC Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of
such LC Issuer, in which case the term "LC Issuer" shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. With respect to
any Letter of Credit, "LC Issuer" shall mean the issuer thereof.
"Lenders" means the lending institutions listed on the signature pages of this Agreement, any Person which becomes a party hereto pursuant to
Section 2.8(iii) and their respective successors and assigns. Unless otherwise specified, the term "Lenders" includes a Lender in its capacity as the Swing Line
Lender.
"Lending Installation" means, with respect to a Lender or the Administrative Agent, the office, branch, subsidiary or affiliate of such Lender or the
Administrative Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender or the Administrative Agent pursuant to
Section 2.20.
"Letter of Credit" means any letter of credit issued pursuant to this Agreement (including any Outstanding Letter of Credit).
"Letter of Credit Application" means a letter of credit application or agreement entered into or submitted by the Borrower pursuant to Section 2.22(ii).
"Lien" means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, encumbrance or preference, priority or other security agreement
of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title
retention agreement). For the purposes hereof, none of the following shall be deemed to be Liens: (i) setoff rights or statutory liens arising in the ordinary
course of business, (ii) restrictive contractual obligations with respect to assets comprising the Payment Instruments Funding Amounts or Payment Service
Obligations, provided that such contractual obligations are no more restrictive in nature than those in effect on the Effective Date, (iii) Liens purported to be
created under Repurchase Agreements, provided that such Liens do not extend to any assets other than those that are the subject of such Repurchase
Agreements, (iv) ordinary course of business contractual obligations with clearing banks relative to clearing accounts or (v) operating leases.
"Loan" means a Revolving Loan, a Term A Loan, Term B Loan or a Swing Line Loan.
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