Continuing Letters of Credit Sample Clauses

Continuing Letters of Credit. Schedule 3.14 is a true and complete list, by reference to the aggregate face amounts of letters of credit issued under the Existing Credit Agreement by the Persons listed thereon that are also Lenders (but which are not designated as Issuing Banks pursuant to the definition of Issuing Bank) of letters of credit issued by such Persons outstanding as of the dates set forth in such Schedule ("Continuing Letters of Credit").
AutoNDA by SimpleDocs
Continuing Letters of Credit. Each Letter of Credit Issuer (in its capacity as a Letter of Credit Issuer under (and as defined in) the Credit Agreement, and as a Letter of Credit Issuer under the Amended Credit Agreement), the Credit Parties, the Incremental Revolving Lenders and the Administrative Agent each hereby agree that each “Letter of Credit” issued by the Letter of Credit Issuers under (and as defined in) the Credit Agreement that remains outstanding on the Seventh Amendment Effective Date shall be deemed to have been issued pursuant to the Amended Credit Agreement, and from and after the Seventh Amendment Effective Date shall be a “Letter of Credit” subject to, and governed by, the terms and conditions of the Amended Credit Agreement; provided, however, that in no event shall the Letter of Credit Obligations applicable to any Letter of Credit Issuer exceed the Letter of Credit Commitment of such Letter of Credit Issuer (as set forth on Schedule 1.1(a) hereto).
Continuing Letters of Credit. (a) On and after the Effective Date, the Letters of Credit issued under the Existing Agreement listed on Schedule 2.8 (the “Continuing Letters of Credit”) shall be deemed to be Tranche A Letters of Credit issued under this Agreement for all purposes, including for purposes of the fees to be collected pursuant to Section 2.15 and reimbursement of costs and expenses to the extent provided herein.
Continuing Letters of Credit. Each Letter of Credit Issuer (in its capacity as a Letter of Credit Issuer under (and as defined in) the Credit Agreement, and as a Letter of Credit Issuer under the Amended Credit Agreement), the Credit Parties, the Revolving Lenders and the Administrative Agent each hereby agree that each “Letter of Credit”
Continuing Letters of Credit. All Continuing Letters of Credit shall be deemed to have been issued pursuant hereto as a Letter of Credit by the applicable Issuing Bank set forth on Schedule 1, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof as a Letter of Credit.
Continuing Letters of Credit. On and after the Amendment Effective Date, the Letters of Credit listed on Schedule 2.7 (the “Continuing Letters of Credit”) shall be deemed to be Letters of Credit issued under this Agreement for all purposes, including for purposes of the fees to be collected pursuant to Section 2.14 and reimbursement of costs and expenses to the extent provided herein. On the Amendment Effective Date, the Risk Participation of each Lender in the Continuing Letters of Credit which, as shown on Schedule 2.7, were issued by the Fronting Bank on behalf of the Lenders (the “Fronted Letters of Credit”) shall be equal to each Lender’s Percentage.
Continuing Letters of Credit. (a) CoBank (in its capacity as an L/C Issuer under (and as defined in) the Original Credit Agreement, and as an L/C Issuer and a USD L/C Issuer under the Amended Credit Agreement), the Existing Loan Parties, the Lenders and the Administrative Agent each hereby agree that each “Letter of Credit” issued by CoBank under (and as defined in) the Original Credit Agreement that remains outstanding on the Restatement Date shall be deemed to have been issued pursuant to the Amended Credit Agreement, and from and after the Restatement Date shall be a “Letter of Credit” and a “USD Letter of Creditsubject to, and governed by, the terms and conditions of the Amended Credit Agreement; provided, however, that in no event shall the aggregate stated amount of all such USD Letters of Credit exceed CoBank’s USD Letter of Credit Commitment (as set forth on Schedule 2.01 hereto) except as otherwise agreed by CoBank in accordance with clause (w) of the proviso to Section 2.05(a)(i)(A) of the Amended Credit Agreement.
AutoNDA by SimpleDocs
Continuing Letters of Credit. 43 4.18 Solvency.............................................................44 4.19
Continuing Letters of Credit. Schedule 6.22 is a true and complete list, by reference to the aggregate face amounts of letters of credit issued by the Persons listed thereon, of all letters of credit that are outstanding as of the dates set forth in such Schedule. The list delivered pursuant to subsection 7.1(y) shall be deemed to supplement Schedule 6.22.
Continuing Letters of Credit. All Continuing Letters of Credit shall remain outstanding hereunder on the terms set forth herein. Each Revolving Credit Lender’s risk participation in each Continuing Letter of Credit shall be determined in accordance with such Lender’s Pro Rata Percentage, as if such Continuing Letter of Credit had been issued on the Closing Date.
Time is Money Join Law Insider Premium to draft better contracts faster.