Existing Facility LC definition

Existing Facility LC is defined in Section 2.20.1.
Existing Facility LC means the letters of credit described on Schedule 1.1(b).
Existing Facility LC means any “Facility LC” issued under the Credit Agreement that is outstanding as of the Closing Date; Exhibit G is a list and brief description of the Existing Facility LCs.

Examples of Existing Facility LC in a sentence

  • The system of legal protection of the rights of owners of intellectual property is becoming stronger in our country.


More Definitions of Existing Facility LC

Existing Facility LC means the letters of credit described on Schedule 1.1(b). “Facility LC” is defined in Section 2.19(a).
Existing Facility LC means each letter of credit issued under the Prior Agreement that is listed on Schedule 3.
Existing Facility LC means each letter of credit issued under the Prior Credit Agreement and identified in the Credit Agreement.
Existing Facility LC means any “Facility LC” issued under the Original Credit Agreement that is outstanding as of the Closing Date.
Existing Facility LC means each Facility LC issued under the Prior Agreement that is listed on the Existing Facility LC Schedule attached hereto.
Existing Facility LC means an LC under (and as defined in) the Existing Facility Agreement;
Existing Facility LC is defined in Section 2.20.1. "“Extension Request"” is defined in Section 2.21. "“Facility LC"” is defined in Section 2.20.1. "“Facility LC Application"” is defined in Section 2.20.3. "“Facility LC Collateral Account"” is defined in Section 2.20.11. "“Facility Termination Date"” means the date five years after the date of this Agreement or any later date as may be specified as the Facility Termination Date in accordance with Section 2.21 or any earlier date on which the Aggregate Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof. "“FATCA"” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (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 and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate, provided that, if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. “Federal Reserve Bank of New York’s Website” means the website of the NYFRB at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source. "“Financial Contract"” of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction. 15