Common use of Transitional Letter of Credit Provisions Clause in Contracts

Transitional Letter of Credit Provisions. From and after the Closing Date, the letters of credit described on Schedule 2.4 (the "Existing Letters of Credit") shall be deemed to constitute Letters of Credit issued pursuant to Section 2.4.1. in which the Lenders participate pursuant to Section 2.4.2. Fees shall accrue in respect of the Existing Letters of Credit as provided in Section 2.4.5. beginning as of the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Bio Rad Laboratories Inc), Credit Agreement (Bio Rad Laboratories Inc)

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Transitional Letter of Credit Provisions. From and after the Closing Date, the The letters of credit described on Schedule 2.4 (the "Existing Letters of Credit") shall be deemed to constitute Letters of Credit issued pursuant to Section 2.4.1. 2.4.1 in which the Lenders participate pursuant to Section 2.4.2. Fees shall accrue in respect of the Existing Letters of Credit as provided in Section 2.4.5. beginning as of the Closing Date.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Bio Rad Laboratories Inc), Credit Agreement (Bio Rad Laboratories Inc)

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Transitional Letter of Credit Provisions. From and after the Closing DateSeptember 9, 2003, the letters of credit described on Schedule 2.4 (the "Existing Letters of Credit") shall be deemed to constitute Letters of Credit issued pursuant to Section 2.4.1. 2.4.1 in which the Lenders participate pursuant to Section 2.4.2. Fees shall accrue in respect of the Existing Letters of Credit as provided in Section 2.4.5. beginning as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

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