Common use of Existing Letters of Credit Clause in Contracts

Existing Letters of Credit. All Existing Letters of Credit shall be deemed to be Letters of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan Documents.

Appears in 5 contracts

Samples: Credit Agreement (Ethan Allen Interiors Inc), Credit Agreement (Ethan Allen Interiors Inc), Credit Agreement (Ethan Allen Interiors Inc)

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Existing Letters of Credit. All The Existing Letters of Credit shall will for all purposes be deemed to be considered Letters of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsAgreement.

Appears in 5 contracts

Samples: Credit Agreement (Service Corp International), Credit Agreement (Service Corp International), Credit Agreement (Service Corp International)

Existing Letters of Credit. All Each of the Existing Letters of Credit shall shall, for all purposes of this Agreement, be deemed to be Letters of Credit issued under this Agreement as of on the Effective Date Date, and shall constitute be subject to all requirements, terms and conditions applicable to Letters of Credit for issued and outstanding under this Agreement at all purposes of times on and after the Loan DocumentsEffective Date.

Appears in 5 contracts

Samples: Credit Agreement (Transocean Ltd.), Credit Agreement (Transocean Ltd.), Credit Agreement (Transocean Ltd.)

Existing Letters of Credit. All Each Existing Letters Letter of Credit shall for all purposes of this Agreement be deemed to be Letters a Letter of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsAgreement.

Appears in 3 contracts

Samples: Credit Agreement (American Standard Companies Inc), Year Credit Agreement (American Standard Companies Inc), Five Year Credit Agreement (American Standard Companies Inc)

Existing Letters of Credit. All Existing Letters of Credit shall be deemed to be Letters of Credit issued under this Agreement as of the Original Effective Date and thereupon shall constitute Letters of Credit for all purposes of the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Boise Cascade Holdings, L.L.C.), Credit Agreement (Boise Cascade Holdings, L.L.C.)

Existing Letters of Credit. All Each of the Existing Letters of Credit shall be deemed to be issued and outstanding as Letters of Credit issued under this Agreement on and as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsClosing Date.

Appears in 1 contract

Samples: Credit Agreement (M & F Worldwide Corp)

Existing Letters of Credit. All It is understood and agreed that the Existing Letters of Credit shall be deemed to be Letters of Credit issued for all purposes under this Agreement as and the other Loan Documents and any issuing bank in respect of the Effective Date and shall constitute Existing Letters of Credit shall be deemed to be an Issuing Bank for all purposes of under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Alpharma Inc)

Existing Letters of Credit. All Existing Letters of Credit shall be deemed to be constitute Letters of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Travelcenters of America Inc)

Existing Letters of Credit. All Each of the Existing Letters of Credit shall be deemed to be Letters a Letter of Credit issued under this Agreement hereunder as of the Effective Closing Date and shall constitute Letters governed by the terms of Credit for all purposes of the Loan Documentsthis Agreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement

Existing Letters of Credit. All Each Existing Letters Letter of Credit shall be deemed deemed, for all purposes of this Agreement, to be Letters a Letter of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsSection.

Appears in 1 contract

Samples: Credit Agreement (CHG Healthcare Services, Inc.)

Existing Letters of Credit. All Each Existing Letters Letter of Credit shall for all purposes hereunder and under the other Loan Documents, be deemed to be Letters a Letter of Credit issued under this Agreement as and shall be subject to all of the Effective Date and shall constitute terms of this Agreement with respect to Letters of Credit for all purposes of the Loan DocumentsCredit.

Appears in 1 contract

Samples: Credit Agreement (Quiksilver Inc)

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Existing Letters of Credit. All Each of the Existing Letters of Credit shall shall, for all purposes of this Agreement, be deemed to be Letters of Credit issued under this Agreement as of on the Restatement Effective Date Date, and shall constitute be subject to all requirements, terms and conditions applicable to Letters of Credit for issued and outstanding under this Agreement at all purposes of times on and after the Loan DocumentsRestatement Effective Date.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Transocean Ltd.)

Existing Letters of Credit. All Existing Letters of Credit issued shall be deemed to be (i) Letters of Credit issued under this Agreement as and shall be subject to the terms of this Agreement and (ii) issued on the Effective Date and shall constitute Letters of Credit for all purposes of the Loan Documentsdetermining fees payable hereunder.

Appears in 1 contract

Samples: Credit Agreement (Schneider National, Inc.)

Existing Letters of Credit. All Each of the Existing Letters of Credit shall shall, for all purposes of this Agreement, be deemed to be Letters of Credit issued under this Agreement as of on the Effective Date Date, and shall constitute be subject to all requirements, terms and conditions applicable to Letters of Credit for issued and outstanding under this Agreement at all purposes of times on and after the Loan Documents.Effective Date. ​ ‌ ​ ‌ ​ ​

Appears in 1 contract

Samples: Credit Agreement (Transocean Ltd.)

Existing Letters of Credit. All Each Existing Letters Letter of Credit shall be deemed to be Letters of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan Documents.this Agreement to be a Letter of Credit, and each application submitted in connection with each Existing Letter of Credit shall be deemed for all purposes of this Agreement to be a Letter 44 EXHIBIT 10.1

Appears in 1 contract

Samples: Security Agreement (Aqua Chem Inc)

Existing Letters of Credit. All Each Existing Letters Letter of Credit shall be deemed to be Letters of Credit issued under this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan Documentsthis Agreement to be a Letter of Credit, and each application submitted in connection with each Existing Letter of Credit shall be deemed for all purposes of this Agreement to be a Letter of Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Detrex Corporation)

Existing Letters of Credit. All Existing Any Letters of Credit outstanding as of the Closing Date under the Original Credit Agreement shall be deemed to be Letters of Credit issued under pursuant to this Agreement as of the Effective Date and shall constitute Letters of Credit for all purposes of the Loan DocumentsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

Existing Letters of Credit. All Existing Letters of Credit shall be deemed to be Letters of Credit issued under this Agreement as of the Effective Date and thereupon shall constitute Letters of Credit for all purposes of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Boise Cascade Holdings, L.L.C.)

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