Common use of The Letters of Credit Clause in Contracts

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers, from time to time on any Business Day prior to the date thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 in an outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Day, the Available Letter of Credit Amount as of such Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Haverty Furniture Companies Inc), Credit Agreement (Haverty Furniture Companies Inc)

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The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers, from time to time on any Business Day prior to the date thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 in an outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Day, the Available Letter of Credit Amount as of such Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Affinity Guest Services, LLC), Credit Agreement (Affinity Group Holding, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit , pursuant to Section 2.15, for the account of the Borrowers, from time to time on any Business Day prior to the date that is thirty (30) days prior to the Maturity Date, pursuant so long as, after giving effect to Section 2.15 in an outstanding face amount not to exceedsuch issuance (i) no Overadvance exists or would result therefrom, with respect to and (ii) the issuance Aggregate Amount of any individual all Letter of Credit as of any Business Day, Obligations then outstanding does not exceed the Available Letter of Credit Amount as of such Business DayCommitment.

Appears in 2 contracts

Samples: Credit Agreement (Central Garden & Pet Co), Credit Agreement (Central Garden & Pet Co)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit Credit, pursuant to Section 2.15, for the account of the Borrowers, from time to time on any Business Day prior to the date that is thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 Date in an outstanding aggregate face amount not to exceedexceed the Letter of Credit Commitment and, with respect to the issuance of any individual Letter of Credit as of any Business DayCredit, the Available Letter of Credit Amount as of on such Business Day.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the BorrowersBorrower Parties, from time to time on any Business Day prior to the date thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 in an aggregate outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Daydate of determination, the Available Letter of Credit Amount as of such Business Daydate of determination.

Appears in 1 contract

Samples: Credit Agreement (American Fiber Systems, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the BorrowersBorrower, from time to time on any Business Day prior to the date that is thirty (30) days prior to the Maturity Revolving Commitment Termination Date, pursuant to Section 2.15 2.14, in an outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Day, the Available Letter of Credit Amount as of such Business Day.

Appears in 1 contract

Samples: Credit Agreement (NetSpend Holdings, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the BorrowersBorrower, from time to time on any Business Day prior to the date thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 in an outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Day, the Available Letter of Credit Amount as of such Business Day.

Appears in 1 contract

Samples: Credit Agreement (Gtsi Corp)

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The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers, from time to time on any Business Day prior to the date that is thirty (30) days prior to the Maturity Revolving Commitment Termination Date, pursuant to Section 2.15 2.16, in an outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Day, the Available Letter of Credit Amount as of such Business Day.

Appears in 1 contract

Samples: Credit Agreement (RLJ Entertainment, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower Parties (with such Letter of Credit application to be executed by both Borrowers, ) from time to time on any Business Day prior to the date that is thirty (30) days prior to the Maturity Date, pursuant to Section 2.15 in an aggregate outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Daydate of determination, the Available Letter of Credit Amount as of such Business Daydate of determination.

Appears in 1 contract

Samples: Credit Agreement (Zayo Group LLC)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the BorrowersBorrower Parties, from time to time on any Business Day prior to the date thirty (30) days prior to the Maturity DateDate with respect to the Revolving Loans, pursuant to Section 2.15 in an aggregate outstanding face amount not to exceed, with respect to the issuance of any individual Letter of Credit as of any Business Daydate of determination, the Available Letter of Credit Amount as of such Business Daydate of determination.

Appears in 1 contract

Samples: Credit Agreement (New York Times Co)

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