Examples of Existing Facility LCs in a sentence
All Existing Facility LCs shall be deemed to have been issued pursuant to this Agreement and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
For purposes hereof, the Existing Facility LCs are deemed to be issued on the date hereof.
The parties hereto acknowledge that on and after the Effective Date the Existing Facility LCs shall be Facility LCs issued by an Issuer pursuant to this Agreement.
Subject to the terms and conditions of this Agreement, the LC Issuer agrees to keep outstanding on and after the date hereof the standby letters of credit for the account of the Borrower which were issued by the LC Issuer and which are further described on Schedule 3 (collectively, the "Existing Facility LCs").
The Existing Facility LCs shall be deemed to be Facility LCs issued and outstanding under this Agreement.