Common use of Letter of Credit Borrowing Clause in Contracts

Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Loan. All Letter of Credit Borrowings shall be denominated in Dollars.

Appears in 7 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc)

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Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Loan. All Letter of Credit Borrowings shall be denominated in Dollars.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Barnes Group Inc), Credit and Term Loan Agreement (Genesee & Wyoming Inc)

Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Domestic Revolving Credit Loan. All Letter of Credit Borrowings shall be denominated in Dollars, European Loan, Canadian Revolving Loan or Australian Revolving Loan.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)

Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit LoanCommitted Borrowing. All Upon a Letter of Credit Borrowings Borrowing, the Unpaid Reimbursement Obligation that is covered by such Letter of Credit Borrowing shall be denominated deemed to be represented by, and not in Dollarsaddition to, such Letter of Credit Borrowing.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Letter of Credit Borrowing. An an extension of credit resulting from a drawing under any Letter of Credit which has shall not have been reimbursed on the date when made or refinanced as a Revolving Credit Loan. All Letter of Credit Borrowings and shall be denominated in Dollarsnot have been converted into an ABR Loan under Section 2.15(c).

Appears in 1 contract

Samples: Loan Agreement (J&j Snack Foods Corp)

Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has shall not have been reimbursed on the date when made or refinanced as and shall not have been converted into a Revolving Credit Loan. All Letter of Credit Borrowings shall be denominated in DollarsPrime Based Rate Loan under Section 2.1(g).

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Domestic Revolving Credit Loan. All Letter of Credit Borrowings shall be denominated in Dollars, European Loan, Canadian Revolving Loan or Australian Loan.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)

Letter of Credit Borrowing. An Letter of Credit Borrowing" means any extension of credit resulting from a drawing under any Letter of Credit which has shall not have been reimbursed on the date when made or refinanced as a and shall not have resulted in the making of any Revolving Credit Loan. All Letter Loan pursuant to Section 3c of Credit Borrowings shall be denominated in Dollarsthis Agreement.

Appears in 1 contract

Samples: Corporate Revolving and Term Loan Agreement (Moog Inc)

Letter of Credit Borrowing. An extension of credit resulting from a drawing under any Letter of Credit which has shall not have been reimbursed on the date when made or refinanced as and shall not have been converted into a Revolving Credit LoanPrime Based Rate Loan under Section 2.1(g). All Letter of Credit Borrowings shall be denominated Fee - As defined in DollarsSection 2.5(d) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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