Existing LC Facility definition

Existing LC Facility means that certain Four-Year Secured Letter of Credit Facility Agreement dated as of March 9, 2012 among the Company, Validus Re, Validus Re Americas, Ltd., the other Designated Subsidiary Account Parties identified therein, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended, restated, supplemented or otherwise modified prior to the Effective Date.
Sample 1
Existing LC Facility means the Amended and Restated Letter of Credit and Reimbursement Agreement, dated as of August 12, 2003, by and among ARL, ARC and AIC, the lenders from time to time party thereto and Fleet National Bank, as agent and issuing lender, as amended by Amendment No.1, dated as of August 20, 2003, as amended by Amendment No. 2, dated as of August 10, 2004, and as further amended by Amendment No. 3, dated as of September 9, 2004.
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Existing LC Facility means the Letter of Credit Facility Agreement dated as of March 7, 2014 among the Borrower, the LC participants and issuers party thereto and Barclays Bank PLC, as administrative agent (as amended, restated, modified, supplemented, renewed, replaced or refinanced in whole or in part, from time to time).
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Examples of Existing LC Facility in a sentence

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

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

  • This Amendment is subject to the provisions of Section 8.01 of 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.

  • 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.

  • For the avoidance of doubt, on and after the Effective Date, all fees and rates payable or accruing on or in respect of outstanding Existing Secured Fronted Letters of Credit shall be at the rates set forth in this Agreement and not at the rates set forth in the Existing LC Facility.

  • Subsection 2.01 of the Existing LC Facility is hereby amended by adding the phrase “, subject to the following proviso,” immediately after the phrase “each such Letter of Credit upon its Issuance to expire”.

  • Holdings, the Borrowers, the Required L/C Lenders, the Issuing Bank and the Agent have agreed to amend the Existing LC Facility Agreement.

  • For the avoidance of doubt, on and after the Effective Date, all fees and rates payable or accruing on or in respect of outstanding Existing Secured Several Letters of Credit shall be at the rates set forth in this Agreement and not at the rates set forth in the Existing LC Facility.

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More Definitions of Existing LC Facility

Existing LC Facility means that certain Four-Year Secured Letter of Credit Facility Agreement dated as of March 9, 2012 among the Company, Validus Re, Validus Re Americas, Ltd., the other Designated Subsidiary Account Parties identified therein, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended, restated, supplemented or otherwise modified prior to the Effective Date. “Existing LC Issuer” means JPMorgan Chase Bank, N.A. “Existing Lender” means a “Lender” under and as defined in the Existing LC Facility. “Existing Secured Fronted Letters of Credit” has the meaning provided in Section 2.17. “Existing Secured Several Letters of Credit” has the meaning provided in Section 2.18. “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 FRBNY based on such day’s federal funds transactions by depository institutions (as determined in such manner as the FRBNY shall set forth on its public website from time to time) and published on the next succeeding Business Day by the FRBNY as the federal funds effective rate. “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company. “Five-Year Unsecured Revolving Credit and Letter of Credit Facility” means the $85,000,000 unsecured revolving credit and letter of credit facility among the Company, Validus Re, various Designated Subsidiary Account Parties, JPMorgan Chase Bank, N.A., as administrative agent, and one or more lenders entered into on December 9, 2015, including the related collateral and security documents and other instruments and agreements executed in connection therewith, and amendments, renewals, replacements, refinancings and restatements to any of the foregoing (provided that the principal amount thereof shall not exceed $85,000,000 or, if increased in accordance with its terms, $150,000,000, plus reasonable refinancing costs, fees and expenses). “Foreign Currencies” means Agreed Currencies other than Dollars. “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency. “Foreign Currency Letter of Credit Outstandings” means...
Sample 1
Existing LC Facility has the meaning provided in Section 3.13(b).
Sample 1
Existing LC Facility means the Letter of Credit Facility Agreement, dated June 25, 2012, for AXA Financial (Bermuda) Ltd as original L/C borrower, with AXA as guarantor, with Citibank International PLC acting as Agent and with Citibank, N.A. acting as L/C agent, as amended by the Amendment Agreement, dated Febuary 7, 2013, among AXA Re Arizona Company as original L/C borrower, AXA as guarantor, Citibank International PLC as agent, Citibank, N.A. as L/C agent and others, as amended.
Sample 1
Existing LC Facility means the Amended and Restated Continuing Agreement for Letters of Credit dated as of February 2, 2012 among the Parent, certain Subsidiaries of the Parent and Citibank, as the same may be amended, restated or otherwise modified from time to time.
Sample 1
Existing LC Facility means that certain Amended and Restated Letter of Credit Reimbursements and Collateral Agreement by and among West 34th Street Insurance Company New York, Pubco, Credit Suisse AG, Cayman Islands Branch and Credit Suisse AG, New York Branch dated as of September 20, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Closing Date).
Sample 1

Related to Existing LC Facility

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Existing Letter of Credit means each letter of credit issued prior to the Effective Date by a Person that shall be an Issuing Bank and listed on Schedule 2.06.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • New Credit Facility is defined in Section 9.8.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Refinancing Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.