LETTER OF CREDIT FACILITY AGREEMENT dated as of March 9, 2012 among EDUCATION MANAGEMENT LLC, EDUCATION MANAGEMENT HOLDINGS LLC, THE GRANTOR SUBSIDIARIES PARTY HERETO, VARIOUS LENDERS, and BNP PARIBAS, as Administrative Agent, Collateral Agent and...Letter of Credit Facility Agreement • March 12th, 2012 • Education Management Corporation • Services-educational services • New York
This LETTER OF CREDIT FACILITY AGREEMENT (this “Agreement”), dated as of March 9, 2012, is entered into by and among EDUCATION MANAGEMENT LLC, a Delaware limited liability company (“Account Party”), EDUCATION MANAGEMENT HOLDINGS LLC, a Delaware limited liability company (“Holdings” or “Guarantor”), the Grantor Subsidiaries, the Lenders party hereto from time to time, and BNP PARIBAS, as Administrative Agent (together with its permitted successors in such capacity, “Administrative Agent”), as Collateral Agent (together with its permitted successors in such capacity, “Collateral Agent”) and as Issuing Bank.
