Examples of Existing Letter of Credit Agreement in a sentence
There currently are outstanding certain Trade Letters of Credit issued by the LC Issuer under the Existing Letter of Credit Agreement the outstanding balance of each of which is set forth on Schedule II hereto (as such Schedule may be modified between the date hereof and the fifth Business Day after the Effective Date) (collectively, the “Existing Letters of Credit”).
Except as expressly modified herein, all of the terms and conditions of the Existing Letter of Credit Agreement are unchanged, and, as modified hereby, the Borrower confirms and ratifies all of the terms, covenants and conditions of the Existing Letter of Credit Agreement.
Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Existing Letter of Credit Agreement shall, after this Amendment becomes effective, refer to the Amended Letter of Credit Agreement.
Concurrently with the execution and delivery of this Master Lease, the Guaranty, the Existing Security Agreement and the Existing Letter of Credit Agreement shall be amended and restated as set forth herein and Sun, the Harborside Guarantor and Litchfield Peak Guarantor shall jointly and severally guaranty the obligations of Lessee under this Master Lease.
From and after the Closing Date, each Domestic Letter of Credit (including, without limitation, any letter of credit issued by Wachovia pursuant to the terms of the Existing Letter of Credit Agreement) shall be subject to the terms and conditions, and shall be subject to all fees, costs, and reimbursement obligations, applicable to other Domestic Letters of Credit, as if such letters of credit had been issued pursuant to the terms hereof.