Facility Letters of Credit. (a) Each Issuing Bank agrees, on the terms and conditions set forth in this Agreement, to issue from time to time for the account of the Borrower, through such offices or branches as it and the Borrower may jointly agree, one or more Facility Letters of Credit in accordance with this Article XIII, during the period commencing on the Effective Date and ending on the sixtieth (60th) day prior to the Termination Date.
Facility Letters of Credit. At the request of the Borrower, each Issuing Bank shall, within the limits of its Issuing Bank’s L/C Limit and on the terms and conditions set forth in this Agreement, issue from time to time for the account of the Borrower, through such offices or branches as it and the Borrower may jointly agree, one or more Facility Letters of Credit (which, in the case of a Performance Letter of Credit, may be an Escrow Agreement) in accordance with this Article IV, during the period commencing on the Closing Date and ending on the Business Day prior to the Revolving Credit Facility Termination Date.
Facility Letters of Credit. Each LC Issuer agrees, on the terms and conditions set forth in this Agreement, to issue from time to time for the account of Borrower or a Guarantor designated by Borrower, through such offices or branches as it and Borrower may jointly agree, one or more Facility Letters of Credit in accordance with this Article IV, during the period commencing on the date hereof and ending on the Business Day prior to the Facility Termination Date. Each Facility Letter of Credit shall be either (i) a standby letter of credit to support obligations of Borrower or a Guarantor designated by Borrower, contingent or otherwise, arising in the ordinary course of business, or (ii) a documentary letter of credit in respect of the purchase of goods or services by Borrower or such Guarantor in the ordinary course of business.
Facility Letters of Credit. 2.20. Application of Payments with Respect to Defaulting Lenders.......
Facility Letters of Credit. Section 4.2(ii) is hereby amended by changing the reference "$15,000,000" to "$30,000,000" and the reference "$20,000,000" to "$40,000,000."
Facility Letters of Credit. (i) Subject to the terms and conditions set forth herein, (A) the Revolving L/C Issuers agree, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Revolving Letter of Credit Expiration Date, to issue Revolving Letters of Credit for the account of the Borrower in Dollars or any Alternative Currency (it being understood and agreed that subject to the other terms herein, the Borrower may obtain for its account Revolving Letters of Credit on behalf of the Parent or any of its Affiliates), and to amend or renew Revolving Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drafts under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to participate in Revolving Letters of Credit issued for the account of the Borrower; provided that no Revolving L/C Issuer shall be obligated to make any Revolving L/C Credit Extension with respect to any Revolving Letter of Credit, and no Revolving Credit Lender shall be obligated to participate in any Revolving Letter of Credit if as of the date of such Revolving L/C Credit Extension, (x) the Total Outstandings under the Revolving Credit Facility would exceed the aggregate Revolving Credit Commitments, (y) the sum of the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender plus such Lender’s Pro Rata Share of the Outstanding Amount of all Revolving L/C Obligations would exceed such Lender’s Revolving Credit Commitment or (z) the Outstanding Amount of the Revolving L/C Obligations would exceed the Revolving L/C Sublimit; provided, further, that the Dollar Equivalent of the aggregate face amount of Revolving Letters of Credit issued by a Revolving L/C Issuer shall not exceed such Revolving L/C Issuer’s Revolving L/C Issuer Sublimit. Subject to the terms and conditions set forth herein, the Term L/C Issuers agree, (1) from time to time on any Business Day during the period from the Closing Date until the Term L/C Expiration Date, to issue Term L/C Facility Letters of Credit for the account of the Borrower in Dollars or any Alternative Currency (it being understood and agreed that subject to the other terms herein, the Borrower may obtain for its account Term L/C Facility Letters of Credit on behalf of the Parent or any of its Affiliates), and to amend or renew Term L/C Facility Letters o...
Facility Letters of Credit. At the request of the Borrower, each Lender shall, within the limitations of its Issuing Bank L/C Limit and on the terms and conditions set forth in this Agreement, issue from time to time for agree, one or more Facility Letters of Credit (which, in the case of a Performance Letter of Credit, may be an Escrow Agreement) in accordance with this Article IV, during the period commencing on the date of this Agreement and ending on the Business Day prior to the Facility Termination Date.
Facility Letters of Credit. At the request of the Borrower, each Lender shall, within the limitations of its Issuing Bank L/C Limit and on the terms and conditions set forth in this Agreement, issue from time to time for the account of the Borrower, through such offices or branches as it and the Borrower may jointly agree, one or more Facility Letters of Credit (which, in the case of a Performance Letter of Credit, may be an Escrow Agreement) in accordance with this Article IV, during the period commencing on the Closing Date and ending on the Business Day prior to the Facility Termination Date. 4.2.
Facility Letters of Credit. 36 2.4 Borrowing Mechanics (Revolving Loans) . . . . . . . . . . . . . . 37 2.4.1 Notice of Borrowing . . . . . . . . . . . . . . . . . . . . . . . 37 2.4.2 Funding of Revolving Loans . . . . . . . . . . . . . . . . . . . 38 2.5 Borrowing Mechanics and Certain Other Provisions Regarding Swingline Loans . . . . . . . . . . . . . 39 2.6 Certain Provisions Regarding Fixed Rate Loans . . . . . . . . . . . . . . . . . . . . . . . . . . 42 2.6.1 Notice of Continuation and Notice of Conversion . . . . . . . . . . . . . . . . . . . . . . . . . . 42 2.6.2 Suspension of Fixed Rate Option . . . . . . . . . . . . . . . . . 43 2.6.3 Breakage Costs . . . . . . . . . . . . . . . . . . . . . . . . . 44 2.7 Issuance Mechanics and Other Provisions Regarding Facility Letters of Credit . . . . . . . . . . . . . 45 2.7.1 Requests for Issuance . . . . . . . . . . . . . . . . . . . . . . 45 2.7.2 Participation by Lenders . . . . . . . . . . . . . . . . . . . . 46 2.7.3 LOC Drawings and Reimbursements . . . . . . . . . . . . . . . . . 46 2.7.4
Facility Letters of Credit. (a) Subject to the terms and conditions of this Credit Agreement, each Issuing Bank severally agrees to issue letters of credit ("Facility Letters of Credit") in Dollars for the account of the Borrower from time to time on any Business Day from the Closing Date until the earlier of (i) 15 days before the Expiration Date or (ii) the termination of the Credit Facility in an aggregate amount not exceeding, for both Issuing Banks, $50,000,000 (the "LOC Facility") at any one time outstanding; provided, however, that no Facility Letter of Credit shall be issued if (x) the amount of such proposed Letter of Credit, when added to the amount of all other Facility Letters of Credit to be issued concurrently therewith, exceeds the amount of the Availability or (y) the amount of such proposed Facility Letter of Credit, when added to the amount of all other Facility Letters of Credit
