Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any Borrower, Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any Borrower shall constitute additional Revolving Loans to Borrowers pursuant to this Section 2 (or Special Agent Advances as the case may be).
Appears in 3 contracts
Samples: Loan and Security Agreement (New York & Company, Inc.), Assignment and Acceptance Agreement (New York & Company, Inc.), Loan and Security Agreement (New York & Company, Inc.)
Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any Borrower, Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers Borrower containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any Borrower shall constitute additional Revolving Loans to Borrowers Borrower pursuant to this Section 2 (or Special Agent Advances as the case may be).
Appears in 1 contract
Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any BorrowerBorrowers' Agent, Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers or any Additional L/C Debtor containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any Borrower shall constitute additional Revolving Loans to Borrowers pursuant to this Section 2 (or Special Agent Advances as the case may be)2.
Appears in 1 contract
Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any Borrower, Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers Borrower containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any Borrower shall constitute additional Revolving Loans to Borrowers Borrower pursuant to this Section 2 (or Special Agent Advances as the case may be).
Appears in 1 contract
Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any a Borrower (or Parent on behalf of such Borrower), Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers such Borrower containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any a Borrower shall constitute additional Revolving Loans to Borrowers such Borrower pursuant to this Section 2 (or Special Agent Advances as the case may be)2.
Appears in 1 contract
Samples: Loan and Security Agreement (Thane International Inc)
Letter of Credit Accommodations. (a) Subject to and upon the terms and conditions contained herein, at the request of any a Borrower (or Parent on behalf of such Borrower), Agent agrees, for the ratable risk of each Revolving Loan Lender according to its Pro Rata Share, to provide or arrange for Letter of Credit Accommodations for the account of Borrowers such Borrower containing terms and conditions acceptable to Agent and the issuer thereof. Any payments made by or on behalf of Agent or any Revolving Loan Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations provided to or for the benefit of any a Borrower shall constitute additional Revolving Loans to Borrowers such Borrower pursuant to this Section 2 (or Special Agent Advances as the case may be)2.
Appears in 1 contract
Samples: Loan and Security Agreement (Allou Health & Beauty Care Inc)