Continuing Letters of Credit definition

Continuing Letters of Credit means each of the letters of credit listed on Schedule 1.01(c).

Continuing Letters of Credit means the Letters of Credit issued by BBPLC under the Norwegian Tranche prior to the date of this Deed and which will remain outstanding on and following the date of this Deed, being, as at the date of this Deed, as listed in Schedule 3 (Continuing Letters of Credit), together with any extensions, renewals or replacements of such letters of credit to the extent issued by BBPLC.

Continuing Letters of Credit means those of the letters of credit issued under the Existing Harrah's Credit Agreements which are described on Schedule 1.2.

Examples of Continuing Letters of Credit in a sentence

• Each Loan Party hereby grants a security interest in the Collateral to the Administrative Agent, for the benefit of the applicable Lender Parties (or, in the case of that portion of the Collateral constituting Letter of Credit Support for Continuing Letters of Credit, to the applicable Issuing Bank, for the benefit of such Issuing Bank).

• Each Continuing Issuing Bank and the ASI Parties also hereby acknowledge and agree that, on and after the Effective Date, the compensation payable by the ASI Parties to such Continuing Issuing Bank with respect to its Continuing Letters of Credit shall be as set forth in the Issuing Bank Agreement executed and delivered by ASI and such Continuing Issuing Bank, as contemplated by the Amended and Restated Credit Agreement.

• The Administrative Agent shall have received evidence that the Existing Credit Agreement has been, or concurrently with the Effective Date is being, terminated and all Liens securing obligations under the Existing Credit Agreement (other than the Continuing Letters of Credit) have been, or concurrently with the Effective Date are being, released (collectively, the “Refinancing”).

• Advances outstanding under the Existing Credit Agreement which are not paid or prepaid on or prior to the Closing Date ("Continuing Advances") shall be deemed to continue as Advances outstanding hereunder with the same Interest Periods hereunder, and Continuing Letters of Credit shall be deemed to continue as Letters of Credit outstanding hereunder.

• On the Amendment Effective Date, the Risk Participation of each Lender in the Continuing Letters of Credit which, as shown on Schedule 2.7, were issued by the Fronting Bank on behalf of the Lenders (the “Fronted Letters of Credit”) shall be equal to each Lender’s Percentage.

More Definitions of Continuing Letters of Credit

Continuing Letters of Credit has the meaning set forth in Section 3.01. ---------------------------- ------------

Continuing Letters of Credit means those of the letters of credit issued under the Existing Xxxxxx'x Credit Agreements which are described on Schedule 1.2.

Continuing Letters of Credit means those letters of credit issued under the Existing Loan Agreement which are described on Schedule 1.2.

Continuing Letters of Credit letters of credit issued by JPMorgan Chase Bank, N.A. copies of which are attached as Exhibit F. Covenant Trigger Period: the period (a) commencing on the day that Availability is less than the greatest of (X) $20,000,000, (Y) 12.5% of the aggregate amount of Revolver Commitments on such day, and (Z) 60% of the principal balance of the Term Loan outstanding on such day; and (b) continuing until the day Availability has been greater than the greatest of (X) $20,000,000, (Y) 12.5% of the aggregate amount of Revolver Commitments, and (Z) 60% of the principal balance of the Term Loan outstanding, in the case of clauses (b)(X), (b)(Y) and (b)(Z), for a period of 30 consecutive days. CWA: the Clean Water Act (33 U.S.C. §§ 1251 et seq.). Debt: as applied to any Person, without duplication, (a) all Borrowed Money; (b) all Contingent Obligations; (c) all reimbursement obligations in connection with letters of credit issued for the account of such Person; and (d) in the case of a Borrower, the Obligations. The Debt of a Person shall include any recourse Debt of any partnership in which such Person is a general partner or joint venturer. Notwithstanding the foregoing and for the avoidance of doubt, none of the obligations of Chicago Tube and Iron under the Toro AR Purchase Agreement shall constitute Debt hereunder or for the purposes of any other Loan Document.

Continuing Letters of Credit shall have the meaning set forth in Section 3.14.

Continuing Letters of Credit the letters of credit outstanding on the date hereof that were issued for the account of CBI Distributing Corp. pursuant to the Existing Credit Agreement by the Issuing Lender.

Continuing Letters of Credit has the meaning set forth in Section 3.01.