Existing Letter of Credit Facility definition

Existing Letter of Credit Facility means the letter of credit facility available under the Credit Agreement.
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Existing Letter of Credit Facility means that certain Letter of Credit Reimbursement and Security Agreement, dated as of November 16, 2009, by and between the Borrower and U.S. Bank National Association, a national banking institution, as amended, restated, supplemented or otherwise modified from time to time.
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Existing Letter of Credit Facility means that certain Amended and Restated Letter of Credit Agreement, dated as of February 18, 2011, among Borrower, certain Subsidiaries of Borrower party thereto from time to time, each lender from time to time party thereto and Bank of America, as administrative agent and letter of credit issuer.
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Examples of Existing Letter of Credit Facility in a sentence

  • From and after April 1, 2010 and so long as the Existing Letter of Credit Facility has been terminated by such date, the Bank agrees to issue commercial and/or standby letters of credit (each a “Letter of Credit”) on behalf of the Borrower of up to $3,000,000.00.

  • In addition, all outstanding letters of credit and bankers’ acceptances under Borrower’s Existing Letter of Credit Facility shall be deemed to have been issued under the Tranche 2 Facility on the Existing Letter of Credit Rollover Date, and the Existing Letter of Credit Facility shall be terminated on the Existing Letter of Credit Rollover Date.

  • Borrower shall have provided to Administrative Agent evidence of payment (other than with respect to the Existing Letters of Credit) and cancellation of the Existing Letter of Credit Facility.

  • Each of the Lenders hereunder that is a Lender under the Existing Letter of Credit Facility hereby waives the requirement set forth in Section 2.3 of the Existing Letter of Credit Facility that Borrower provide ten (10) Business Days prior notice of the termination of the commitments thereunder.

  • In addition, the Existing Letters of Credit will be deemed to have been issued under the Tranche 2 Facility on the Existing Letter of Credit Rollover Date, and the Existing Letter of Credit Facility will be terminated on the Existing Letter of Credit Rollover Date.


More Definitions of Existing Letter of Credit Facility

Existing Letter of Credit Facility means that certain Letter of Credit Agreement between the Borrower and Bank, dated as of September 8, 2009, as amended by that certain First Amendment to Letter of Credit Agreement, dated as of September 10, 2009, pursuant to which Bank agreed to make an aggregate amount of $3,000,000.00 in standby and commercial letters of credit available to the Borrower.
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Existing Letter of Credit Facility means that certain committed letter of credit facility provided by Citibank Europe Plc to Greenlight Re pursuant to the terms of that certain letter agreement dated as of August 20, 2010 by and between Greenlight Re and Citibank Europe Plc, as amended prior to the date hereof, and as further amended, restated or otherwise modified from time to time in accordance with its terms and this Agreement.
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Existing Letter of Credit Facility means the letter of credit facility, dated as of March 31, 2009, among Holdings and Bank of America, N.A. (as amended, restated, supplemented or otherwise modified through and including the Effective Date).
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Existing Letter of Credit Facility means the Letter of Credit and Reimbursement Agreement dated as of August 7, 2003, among Centex Corporation, as Borrower, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent, as such agreement may have been modified, amended, or restated. EXISTING LETTERS OF CREDIT means those certain letters of credit listed on SCHEDULE 1.1 and any renewals and amendments thereof, which includes certain letters of credit issued by Bank One, NA under the Existing Letter of Credit Facility, and EXISTING LETTER OF CREDIT means any one of the Existing Letters of Credit.
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Related to Existing Letter of Credit Facility

  • 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.

  • 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.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

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

  • 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.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • 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.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • New Credit Facility is defined in Section 9.8.

  • 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.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.