Existing Letter of Credit means any letter of credit that (a) was issued under the Existing Credit Agreement by an Issuing Bank, (b) is outstanding on the Effective Date and (c) is listed in Schedule 1.01.
Existing Letter of Credit means each letter of credit set forth on Schedule 1.01(b).
Existing Letter of Credit means any letter of credit previously issued for the account of the Company or any other Loan Party by a Lender or an Affiliate of a Lender that is (a) outstanding on the Effective Date and (b) listed on Schedule 1.01(a).
Examples of Existing Letter of Credit in a sentence
By their execution of this Agreement, the parties hereto agree that on the Effective Date (without any further action by any Person), each Existing Letter of Credit shall be deemed to have been issued under this Agreement and the rights and obligations of the issuer and the account party thereunder shall be subject to the terms hereof.
By their execution of this Agreement, the parties hereto agree that on the Closing Date (without any further action by any Person), each Existing Letter of Credit shall be deemed to have been issued under this Agreement and the rights and obligations of the issuer and the account party thereunder shall be subject to the terms hereof.
More Definitions of Existing Letter of Credit
Existing Letter of Credit shall have the meaning provided in Section 2.01(d).
Existing Letter of Credit means each of the letters of credit described by applicant, date of issuance, letter of credit number, amount, beneficiary and the date of expiry on Schedule 1.1(c) hereto.
Existing Letter of Credit means any letter of credit previously issued that (a) will remain outstanding on and after the Closing Date and (b) is listed on Schedule 1.01(d).
Existing Letter of Credit means that term as defined in Section 2.2(b)(vii) hereof.
Existing Letter of Credit means each Letter of Credit previously issued for the account of a Borrower that (a) is outstanding on the 2016 Restatement Date and (b) is listed on Schedule 1.01(a).
Existing Letter of Credit means a Letter of Credit (as defined in the Existing Credit Agreement).
Existing Letter of Credit means any one of them.