Common use of The Letter of Credit Lines Clause in Contracts

The Letter of Credit Lines. (a) Each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor under the Revolving Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections 3.02(c) and 3.02(d), and (B) to honor drafts under the Letters of Credit. Each of the Revolving Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers and the Guarantors. Subject to the other terms and conditions hereof, the Co-Borrowers’ ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers may, during the foregoing period, request that Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement and shall constitute a portion of the L/C Obligations.

The Letter of Credit Lines. (a) Each Subject to the limitations set forth in Subsection 3.01(b) below, (i) each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor Borrower under the Revolving Borrowing Base Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections Subsection 3.02(c) and 3.02(d), and (B) to honor conforming drafts under the Letters of Credit. Each ; and (ii) each of the Revolving Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers Borrower. Within the foregoing limits, and the Guarantors. Subject subject to the other terms and conditions hereof, the Co-Borrowers’ Borrower’s ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers Borrower may, during the foregoing period, request that an Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree Borrower acknowledges and agrees that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, are an Obligation under this Agreement and shall constitute a portion of the L/C ObligationsAgreement.

The Letter of Credit Lines. (ac) Each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor under the Revolving Working Capital Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections 3.02(c) and 3.02(d), and (B) to honor drafts under the Letters of Credit. Each of the Revolving Working Capital Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers and the GuarantorsBorrowers. Subject to the other terms and conditions hereof, the Co-Borrowers’ ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers may, during the foregoing period, request that Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement and shall constitute a portion of the L/C Obligations.

The Letter of Credit Lines. (af) Each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor under the Revolving Working Capital Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections 3.02(c) and 3.02(d), and (B) to honor drafts under the Letters of Credit. Each of the Revolving Working Capital Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers and the GuarantorsBorrowers. Subject to the other terms and conditions hereof, the Co-Borrowers’ ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers may, during the foregoing period, request that Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement and shall constitute a portion of the L/C Obligations.

The Letter of Credit Lines. (a) Each On an uncommitted basis and on the terms and conditions set forth herein and if the Issuance of such Letter of Credit has been consented to by the Banks in their sole discretion (i) Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue consider the Issuance of Letters of Credit for the account of the Co-Borrowers or any Guarantor Borrower under the Revolving Borrowing Base Line or the Collateralized L/C Line and to consider whether to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections 3.02(c) and 3.02(d), and (B) to honor drafts under the Letters of Credit. Each of ; and (ii) the Revolving Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers Borrower; provided, however, the Declining Bank shall not have any obligation to and shall not be deemed to have participated in any Letters of Credit which are Issued on or after the GuarantorsConversion to Single Funding Bank Date. Subject Within the foregoing limits, and subject to the other terms and conditions hereofhereof including, without limitation, the Co-Borrowers’ approval of the Banks in their sole discretion, the Borrower's ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers Borrower may, during the foregoing period, request that Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree that effective as of the Closing Date, the Existing Letters of Credit L/Cs shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, Letters of Credit Issued under this Agreement and shall constitute a portion be entitled to the benefits of the L/C Obligationsthis Agreement.

The Letter of Credit Lines. (a) Each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor under the Revolving Working Capital Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections 3.02(c) and 3.02(d), and (B) to honor drafts under the Letters of Credit. Each of the Revolving Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers and the GuarantorsBorrowers. Subject to the other terms and conditions hereof, the Co-Borrowers’ ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers may, during the foregoing period, request that Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement and shall constitute a portion of the L/C Obligations.

The Letter of Credit Lines. (a) Each Subject to the limitations set forth in Subsection 3.01(b) below, (i) each Issuing Bank agrees, (A) from time to time on any Business Day during the period from the Closing Date to the Revolving Maturity Expiration Date, to Issue Letters of Credit for the account of the Co-Borrowers or any Guarantor Borrower under the Revolving Borrowing Base Line and to amend or renew Letters of Credit previously Issued by it, in accordance with Subsections Subsection 3.02(c) and 3.02(d), and (B) to honor conforming drafts under the Letters of Credit. Each ; and (ii) each of the Revolving Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers Borrower. Within the foregoing limits, and the Guarantors. Subject subject to the other terms and conditions hereof, the Co-Borrowers’ 3rd A&R Credit Agreement [Enserco] 011038.0122\517034.09 Borrower’s ability to request that an Issuing Bank Issue Letters of Credit shall be fully revolving, and, accordingly, the Co-Borrowers Borrower may, during the foregoing period, request that an Issuing Bank Issue Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed. The parties hereto agree Borrower acknowledges and agrees that effective as of the Closing Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, are an Obligation under this Agreement and shall constitute a portion of the L/C ObligationsAgreement.