Existing LC definition

Existing LC see Section 3.1.

Existing LC means, collectively, the letters of credit issued by KeyBank under the Existing Credit Agreement outstanding on the Agreement Date set forth on Schedule ELC annexed hereto.

Existing LC means a letter of credit listed on the Existing LCs Schedule.

Examples of Existing LC in a sentence

• All capitalized terms not otherwise defined herein shall have the same meaning as in the Existing LC Facility Agreement.

• Unless otherwise expressly agreed by the applicable L/C Issuer and Borrower when an L/C is issued (including any such agreement applicable to an Existing L/C), (i) the rules of the ISP shall apply to each standby L/C and each Bond L/C, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits (“UCP”), as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each commercial L/C.

• Section 9.11 of the Existing LC Facility Agreement is hereby incorporated by reference, mutatis mutandis, as if it were fully set forth in this Amendment.

• Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing LC Facility.

• The Company agrees to pay on demand all costs and expenses of the LC Issuer in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the LC Issuer) in accordance with the terms of Section 8.04 of the Existing LC Facility.

More Definitions of Existing LC

Existing LC means letter of credit number XXX000000 issued by Issuer for the account of the Borrower in favor of Southwest Power Pool.

Existing LC means each letter of credit set forth on Schedule 1.01D.

Existing LC means letter of credit number TFTS-234767 issued by JPMorgan Chase Bank for the account of the Borrower for the benefit of Companion Property and Casualty with a face amount of $1,900,000 as of the Closing Date, as such letter of credit may be amended, restated, modified or extended from time to time provided that the outstanding face amount thereof shall not be in excess of the Existing LC Maximum Amount.

Existing LC means letter of credit number S311250 issued by the Issuing Bank for the account of the Borrower with a current face amount $1,500,000 with an expiration date of May 1, 2012.

Existing LC shall have the meaning set forth in the recitals hereto.

Existing LC means letter of credit number TFTS-234767 issued by JPMorgan Chase Bank for the account of the Borrower for the benefit of Companion Property and Casualty with a face amount of $[1,900,000] as of the Closing Date, as such letter of credit may be amended, restated, modified or extended from time to time provided that the outstanding face amount thereof shall not be in excess of the Existing LC Maximum Amount.

Existing LC means the LC no. 10-112 dated September 22, 2010 issued by the LC Bank to Birchwood Fortune-SPVEF, LLC, as the beneficiary, for account of the Borrower, in the stated amount of $46,088.00.