Additional Letter of Credit Facility definition

Additional Letter of Credit Facility means any letter of credit facility established by the Borrower and/or any Restricted Subsidiary outside of this Agreement to obtain letters of credit required by customers, suppliers or landlords or otherwise required in the ordinary course of business.
Additional Letter of Credit Facility means any facility established by the Borrower and/or any Restricted Subsidiary to obtain letters of credit, bank guarantees, bankers acceptances or other similar instruments required by customers, suppliers or landlords or otherwise required in the ordinary course of business or consistent with industry practice.
Additional Letter of Credit Facility means any facility or arrangement (other than Letters of Credit issued pursuant to Section 2.05) established by Holdings, the U.S. Borrower or any Subsidiary pursuant to which letters of credit may be issued by financial institutions for the account of Holdings, the U.S. Borrower or any Subsidiary, which, for the avoidance of doubt, such facility or arrangement may include, without limitation, any revolving credit facility, any cash-collateralized letter of credit facility, any “synthetic” letter of credit facility, or any similar or other arrangement or combination thereof.

Examples of Additional Letter of Credit Facility in a sentence

  • The Regular Trustees shall appoint the Paying Agent and may appoint one or more additional paying agents in such other locations as they shall determine.

  • Upon effectiveness of any Additional Letter of Credit Facility, the Pro Rata Share of each Lender will be adjusted to give effect to the commitments provided under such Additional Letter of Credit Facility.

  • Company may also specify any fees offered to those Lenders which agree to provide commitments pursuant to any Additional Letter of Credit Facility, which fees may be variable based upon the amount of the commitment which any such Lender is willing to provide under such Additional Letter of Credit Facility.

  • Licensed, professionals with training would never counsel youth to change their gender orientation.

  • Each Lender which has agreed to provide a commitment under any Additional Letter of Credit Facility shall notify Administrative Agent within the time period specified above of the proposed amount of its commitment.


More Definitions of Additional Letter of Credit Facility

Additional Letter of Credit Facility means any facility established by the Borrower and/or any Group Member to obtain LC Instruments required by customers, suppliers or landlords or otherwise required in the ordinary course of business.
Additional Letter of Credit Facility means any letter of credit facility established by the Parent Borrower and/or any Restricted Subsidiary outside of this Agreement to obtain letters of credit required by customers, suppliers or landlords or otherwise required in the ordinary course of business.
Additional Letter of Credit Facility and “Additional Letter of Credit Facilities” have the meanings specified in Section 2.03(o).
Additional Letter of Credit Facility set forth in Section 1.1 of the Credit Agreement is hereby amended in its entirety to read as follows:
Additional Letter of Credit Facility a letter of credit facility in the amount of up to $40,000,000, to be provided a Person reasonably acceptable to the Administrative Agent, which facility may be secured by a security interest in receivables, in an amount not greater than 150% of the aggregate face amount of the Additional Letter of Credit Facility, of the same type as the receivables that secure the Beverly Funding Facility on the Closing Date (it being understood and agreed that the Beverly Funding Facility will be replaced by the Additional Xxxxxx of Credit Facility when it becomes available).
Additional Letter of Credit Facility a letter of credit facility in the amount of up to $40,000,000, to be provided by Bank of Montreal (and/or its affiliates), which facility may be secured by a security interest in receivables, in an amount not greater than 150% of the aggregate face amount of the Additional Letter of Credit Facility, of the same type as the receivables that secure the Xxxxxxx Funding Facility on the Closing Date (it being understood and agreed that the Xxxxxxx Funding Facility will become and be incorporated into, and be replaced by, the Additional Letter of Credit Facility when it becomes available).
Additional Letter of Credit Facility shall have the meaning set forth in Section 2.22(3) of this Agreement.