Acquisition Facility Letter of Credit definition

Acquisition Facility Letter of Credit as defined in Section 3.2.
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Acquisition Facility Letter of Credit means that certain single standby letter of credit to be issued by the L/C Issuer, in reliance upon the Acquisition Facility Commitments of the Lenders set forth herein, which shall be available for issuance during the Acquisition Facility Letter of Credit Availability Period and shall (a) be used for the purpose of supporting the Acquisition Offer, (b) be available to the beneficiary in a single draw, (c) shall be denominated in U.S. dollars or Euros, (d) have an expiry date not later than January 31, 2007 and (e) otherwise in accordance with the provisions of Section 2.03.
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Acquisition Facility Letter of Credit as defined in Section 3.2. “Acquisition Facility Letter of Credit Sub-Limit”: $50,000,000 at any time outstanding. “Acquisition Facility Loans”: as defined in Section 2.4(a). “Acquisition Facility Maintenance Cap-Ex Extensions of Credit”: Acquisition Facility Loans and Acquisition Facility Letters of Credit which are used to finance Capital Expenditures for the maintenance of existing assets or property of the Loan Parties, as designated by the applicable Borrower in good faith. “Acquisition Facility Maintenance Cap-Ex Sub-Limit”: $25,000,000 during any Fiscal Year. USActive 56005294.956005294.16- 4-
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Examples of Acquisition Facility Letter of Credit in a sentence

  • Each Borrower acknowledges and agrees that, for the avoidance of doubt, each Letter of Credit designated as Acquisition Facility Letter of Credit shall be entirely an Acquisition Facility Letter of Credit and no portion thereof will be a Working Capital Facility Letter of Credit.

  • However, the 10% additional tax on early distributions will not apply (unless you take the amount rolled over out of the designated Roth account within the 5-year period that begins on January 1 of the year of the rollover).

  • The Company's ability to obtain the Acquisition Facility Letter of Credit shall not be revolving, and accordingly the Company may not obtain Letters of Credit to replace the Acquisition Facility Letter of Credit if such Acquisition Facility Letter of Credit shall have expired or shall have been drawn upon and reimbursed.

  • The Letter of Credit Fee shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date (or the expiry date with respect to the Acquisition Facility Letter of Credit) and thereafter on written demand.

  • Such fronting fee shall be due and payable on the first Business Day following the last day of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date (or on the expiry date with respect to the Acquisition Facility Letter of Credit) and thereafter on written demand.

  • The Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date (or the expiry date with respect to the Acquisition Facility Letter of Credit) and thereafter on written demand.

  • JPMorgan Chase Bank, N.A., BNP Paribas, Societe Generale, Natixis, New York Branch and each other Acquisition Facility Lender from time to time designated by the U.S. Borrower (and agreed to by such Lender) as an Acquisition Facility Issuing Lender with the prior consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), each in its capacity as issuer of any Acquisition Facility Letter of Credit.


More Definitions of Acquisition Facility Letter of Credit

Acquisition Facility Letter of Credit as defined in Section 3.2. “Acquisition Facility Letter of Credit Sub-Limit”: $50,000,000 at any time outstanding. “Acquisition Facility Loans”: as defined in Section 2.4(a). “Acquisition Facility Maintenance Cap-Ex Extensions of Credit”: Acquisition Facility Loans and Acquisition Facility Letters of Credit which are used to finance Capital Expenditures for the maintenance of existing assets or property of the Loan Parties, as designated by the applicable Borrower in good faith. “Acquisition Facility Maintenance Cap-Ex Sub-Limit”: $25,000,000 during any Fiscal Year. “Acquisition Facility Maturity Date”: with respect to any Acquisition Facility Loan, the earliest to occur of (i) the date on which the Acquisition Facility Loans become due and
Sample 1
Acquisition Facility Letter of Credit. (as defined in the Existing Credit Agreement) set forth on Schedule 3.2. “Existing Acquisition Facility Loan”: each “Acquisition Facility Loan” (as defined in the Existing Credit Agreement) that is outstanding immediately prior to the Restatement Effective Date. “Existing Credit Agreement”: that certain Xxxxxxx and Restated Credit Agreement, dated as of December 9, 2014, among the Borrowers, the lenders and agents party thereto, and MUFG, as successor administrative agent, successor Canadian agent and successor collateral agent, as amended, restated, supplemented or otherwise modified from time to time immediately prior to the Restatement Effective Date. “Existing Dollar Working Capital Facility Letters of Credit”: each “Dollar Working Capital Facility Letter of Credit” (as defined in the Existing Credit Agreement) set forth on Schedule 3.1(a). “Existing Dollar Working Capital Facility Loans”: each “Dollar Working Capital Facility Loan” (as defined in the Existing Credit Agreement) that is outstanding immediately prior to the Restatement Effective Date.
Sample 1
Acquisition Facility Letter of Credit as defined in Section 3.2. “Acquisition Facility Letter of Credit Sub-Limit”: $50,000,000 at any time outstanding. “Acquisition Facility Loans”: as defined in Section 2.4(a). “Acquisition Facility Maintenance Cap-Ex Extensions of Credit”: Acquisition Facility Loans and Acquisition Facility Letters of Credit which are used to finance Capital Expenditures for the maintenance of existing assets or property of the Loan Parties, as designated by the applicable Borrower in good faith. “Acquisition Facility Maintenance Cap-Ex Sub-Limit”: $25,000,000 during any Fiscal Year. “Acquisition Facility Maturity Date”: with respect to any Acquisition Facility Loan, the earliest to occur of (i) the date on which the Acquisition Facility Loans become due and payable pursuant to Section 9, (ii) the date on which the Acquisition Facility Commitments terminate pursuant to Section 4.1 and (iii) the Acquisition Facility Commitment Termination Date. “Acquisition Facility Working Capital Availability Time”: any time during the period commencing on August 1 of any year and ending on March 31 of the next year when the sum of the aggregate Available Dollar Working Capital Facility Commitments and aggregate Available Multicurrency Working Capital Facility Commitments is $0. “Acquisition Facility Working Capital Extensions of Credit”: Acquisition Facility Loans and Acquisition Facility Letters of Credit which are used for general working capital purposes, including to finance assets included in the U.S. Borrowing Base or the Kildair Borrowing Base. “Acquisition Facility Working Capital Letter of Credit”: each Acquisition Facility Letter
Sample 1
Acquisition Facility Letter of Credit. (as defined in the Existing Credit Agreement) set forth on Schedule 3.2. “Existing Acquisition Facility Loan”: each “Acquisition Facility Loan” (as defined in the Existing Credit Agreement) that is outstanding immediately prior to the Restatement Effective Date. “Existing Credit Agreement”: that certain Credit Agreement, dated as of October 30, 2013, among the U.S. Borrower, the lenders and agents party thereto, and JPMorgan Chase Bank, N.A., as administrative agent “Existing Kildair Letter of Credit”: each “Letter of Credit” (as defined in the Kildair Credit Agreement) set forth on Schedule 3.1(a). “Existing Lenders”: the “Lenders” (as defined in the Existing Credit Agreement) immediately prior to the Restatement Effective Date. “Existing Mortgaged Property”: each property that is currently covered by a mortgage or deed of trust pursuant to the Existing Credit Agreement. “Existing Xxxxxxx Letter of Credit”: each “Working Capital Facility Letter of Credit” (as defined in the Existing Credit Agreement) set forth on Schedule 3.1(b). “Existing Working Capital Facility Loans”: each “Working Capital Facility Loan” (as defined in the Existing Credit Agreement) that is outstanding immediately prior to the Restatement Effective Date. “Extensions of Credit”: at any date, as to any Lender at any time, the amount of its Dollar Working Capital Facility Extensions of Credit, its Multicurrency Working Capital Facility Extensions of Credit or its Acquisition Facility Extensions of Credit at such time, as the context requires. “Facility”: the Acquisition Facility, the Dollar Working Capital Facility or the Multicurrency Working Capital Facility, as the context requires. “Facility Increase”: as defined in Section 4.1(b). “FATCA”: Sections 1471 through 1474 of the Code, as of the Restatement Effective Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreements entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation or rules adopted pursuant to such intergovernmental agreements. “Federal Funds Effective Rate”: for any day, the rate per annum equal to the weighted
Sample 1
Acquisition Facility Letter of Credit. (as defined in the Existing Credit Agreement) set forth on Schedule 3.2. “Existing Acquisition Facility Loan”: each “Acquisition Facility Loan” (as defined in the Existing Credit Agreement) that is outstanding immediately prior to the Restatement Effective Date. “Existing Credit Agreement”: that certain Amended and Restated Credit Agreement, dated as of December 9, 2014, among the Borrowers, the lenders and agents party thereto, and MUFG, as successor administrative agent, successor Canadian agent and successor collateral agent, as amended, restated, supplemented or otherwise modified from time to time immediately prior to the Restatement Effective Date. “Existing Dollar Working Capital Facility Letters of Credit”: each “Dollar Working Capital Facility Letter of Credit” (as defined in the Existing Credit Agreement) set forth on Schedule 3.1(a). USActive 56005294.156005294.9 -63-
Sample 1
Acquisition Facility Letter of Credit. (as defined in the Existing Credit Agreement) set forth on Schedule 3.2.
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Related to Acquisition Facility Letter of Credit

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Existing Letter of Credit means a letter of credit issued and outstanding under the Existing Credit Agreement and listed on Schedule 2.06 hereto.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Revolving Letter of Credit means any letter of credit issued pursuant to Section 2.05.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with any Issuing Bank relating to any Letter of Credit issued by such Issuing Bank.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Letter of Credit Liability means, without duplication, at any time and in respect of any Letter of Credit, the sum of (a) the undrawn face amount of such Letter of Credit, plus (b) the aggregate unpaid principal amount of all Reimbursement Obligations of Borrower at such time due and payable in respect of all drawings made under such Letter of Credit.

  • Letter of Credit Limit means $5,000,000.

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.