Lc Facility. The Borrower shall repay to the Administrative Agent for the ratable account of the LC Facility Lenders on the LC Facility Termination Date the aggregate principal amount of the LC Facility Advances and all LC Facility Unreimbursed Amount Borrowings then outstanding.
Lc Facility. The “Closing Date” under and as defined in the LC Facility Credit Agreement shall have occurred.
Lc Facility. Subject to the terms and conditions of this Agreement, the LC Lender hereby establishes in favour of the Borrowers as of the Effective Date a revolving credit facility (the “LC Facility”) in an amount not to exceed the LC Facility Amount.
Lc Facility. The LC Issuer agrees to establish the LC Facility for the benefit of the Borrowers, it being acknowledged and agreed that the Tranche A Lenders and the Tranche B Lenders shall participate in each LC Issuance in accordance with this Agreement. Subject to Section 2.13, all Tranche A Loans and Tranche B Loans shall be subject to identical treatment under this Agreement and the other Loan Documents (including as to maturity, interest, security, repayment, prepayment and voting rights) and shall possess the same attributes to the fullest extent permitted under Applicable Law. For the avoidance of doubt, the Security Interests granted pursuant to the Security Documents shall secure all Tranche A Loans and Tranche B Loans on a pari passu basis.
Lc Facility. (a) Upon the terms and subject to the conditions herein set forth, the Lenders severally agree to make a letter of credit facility available to the Borrower by, from time to time prior to the Maturity Date, having the Issuing Lender issue one or more Tranche B Letters of Credit for the account of the Borrower, provided that the aggregate face amount of all Tranche B Letters of Credit outstanding hereunder shall not at any time exceed the lesser of (i) 80% of the appraised orderly liquidation value of the Borrower's Equipment, and (ii) the LC Commitment. No Tranche B Letter of Credit shall have an expiration date that is later than the Maturity Date.
(b) If at any time the test of Section 2.3(a) above is not met as shown by an appraisal, the Agent shall provide written notice thereof to the Borrower (attaching thereto a copy of the appraisal) and the Borrower shall, within ten (10) Business Days of receiving such notice, provide to the Agent sufficient additional collateral in form and substance satisfactory to the Agent as shall be necessary to insure that the test of Section 2.3(a) above is satisfied. The cure period listed above shall start running on the date the test of Section 2.3(a) above is not met.
(c) The Borrower may reduce the LC Commitment in integral multiples of USD 1,000,000 upon five (5) days' prior written notice to the Agent; provided that after giving effect to any such reduction the aggregate face amount of all outstanding Tranche B Letters of Credit does not exceed the Adjusted Commitment. No subsequent increase of the LC Commitment shall be allowed.
Lc Facility. Jamex Xxxtures, L.P., LJH Corporation, Robexx Xxxxxx, Xxn Xxxxxxx xx their designees shall have entered into a credit enhancement facility with Kellxxxxx xxxsuant to which such persons shall make available to the lenders under the Kellxxxxx Xxxdit Facility $8,000,000 in direct pay letters of credit as a credit enhancement to the Kellxxxxx Xxxdit Facility containing the terms summarized on EXHIBIT R attached hereto and such other terms as Kellxxxxx xxx the lenders under the Kellxxxxx Xxxdit Facility may require.
Lc Facility. 1.2.1. Pre-Petition Letters of Credit;
Lc Facility. Sub-Limit: Letter of Credit: Term:
Lc Facility. As of the Effective Date, Revolving Loan Commitments of each LC Facility Lender in an amount equal to the amount set forth opposite such LC Facility Lender’s name under the heading “LC Facility Commitments” in Part B of Schedule 1 of the First Amendment were converted to LC Facility Commitments pursuant to and in accordance with the First Amendment.
