Master Letter of Credit Agreement Sample Clauses

Master Letter of Credit Agreement. A Master Letter of Credit Agreement prepared by and acceptable to the Bank, duly executed by the Borrower in favor of the Bank.
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Master Letter of Credit Agreement. A Master Letter of Credit Agreement duly executed by the Borrower.
Sample 1Sample 2See All (4)
Master Letter of Credit Agreement. Solely with respect to the issuance of any Letter of Credit, a counterpart of the Master Letter of Credit Agreement executed by the Company.
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Master Letter of Credit Agreement. A copy of the Master Letter --------------------------------- of Credit Agreement, executed by the Company.
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Master Letter of Credit Agreement. Each Borrower shall have executed and delivered such application agreement and/or such other instruments and agreements, including, but not limited to, the Master Letter of Credit Agreement relating to this Letter of Credit facility as the Issuing Bank shall have reasonably requested (each, a "Letter of Credit Facility Application") with any conflict between the terms of this Agreement and the terms of any Letter of Credit Facility Application being controlled by the terms of this Agreement.
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Master Letter of Credit Agreement. Notwithstanding any provision of this Agreement or any Loan Documents to the contrary, this Agreement and the Master Letter of Credit Agreement shall be and remain binding upon Borrower until all Letters of Credit have expired and are no longer outstanding, and further, until the Bank has no liability to any Person arising out of or in connection with any of the Letters of Credit and the Bank has been reimbursed in full for all amounts due the Bank from the Borrower under this Agreement arising out of any draws against the Letters of Credit. In the event of any conflict between the terms and provisions of this Agreement and the terms and provisions of this Master Letter of Credit Agreement, the terms and provisions of the Master Letter of Credit Agreement shall control.
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Master Letter of Credit Agreement. The Master Letter of Credit Agreement referred to in Section 5.1(b), above, duly executed by the Borrowers.
Sample 1
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Master Letter of Credit Agreement. The Master Letter of Credit Agreement.
Sample 1
Master Letter of Credit Agreement. Two copies of the Master Letter of Credit Agreement duly executed by the Borrower and the Bank.
Sample 1

Related to Master Letter of Credit Agreement

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Credit Agreements Schedule II is a complete and correct list, as of the date of this Agreement, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Material Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $150,000,000 and the aggregate principal or face amount outstanding or which may become outstanding under each such arrangement is correctly described in Schedule II.

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

  • The Letter of Credit Commitment (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the 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 Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the Aggregate Commitments, (y) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender's Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender's Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that after giving effect to such proposed L/C Credit Extension (x) the Total Outstandings shall not exceed the Aggregate Commitments, and (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower's ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

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