Letter of Credit Facilities definition

Letter of Credit Facilities means letter of credit facilities entered into from time to time in the amount of in aggregate up to [*] to be obtained by the Guarantor which facilities will be used to provide credit support in respect of the Guarantor’s credit card processing arrangements;

Letter of Credit Facilities means the letters of credit entered into by the Company in the ordinary course of business, as the same may be amended, supplemented or otherwise modified including any refinancing, refunding, replacement or extension thereof.

Letter of Credit Facilities means the letters of credit entered into by the Company in the ordinary course of business as the same may be amended, supplemented or otherwise modified including any refinancing, refunding, replacement or extension thereof.

Examples of Letter of Credit Facilities in a sentence

• For the avoidance of doubt, no release of Collateral or Guarantors effected in the manner permitted by this Agreement shall require the consent of any holder of obligations under Secured Hedge Agreements, any Secured Cash Management Agreements or Permitted Bi-Lateral Letter of Credit Facilities.

• Letter of Credit Facilities We maintain uncommitted letter of credit facilities with certain lenders that provide for the issuance of letters of credit and bank guarantees, at times supported by cash collateral.

• Except during a Collateral Release Period, at all times own, pledge and grant a first-priority security interest to the Collateral Trustee, for the benefit of the Secured Parties, in 100% of the Equity Interests of any Funded L/C SPV then in existence owned directly or indirectly by the Borrower (other than any preferred interests owned by any LC Issuer or other Persons on behalf of, or at the request of, any LC Issuer in connection with Cash Collateralized Letter of Credit Facilities).

• At all times own, pledge and grant a first-priority security interest to the Collateral Trustee, for the benefit of the Secured Parties, in 100% of the Equity Interests of the Funded L/C SPV owned directly or indirectly by the Borrower (other than any preferred interests owned by any LC Issuer or other Persons on behalf of, or at the request of, any LC Issuer in connection with Cash Collateralized Letter of Credit Facilities).

• Letter of Credit Facilities consist of two letters in the amounts of $3 million and approximately $700 thousand, respectively.

More Definitions of Letter of Credit Facilities

Letter of Credit Facilities will mean the Credit Facilities described in Sections 2.10 and 2.11 of this Second Restated Credit Agreement.

Letter of Credit Facilities the Cendant letter of credit facilities, dated as of July 2, 2004, as such agreements may be amended, supplemented and amended and restated from time to time.

Letter of Credit Facilities has the meaning given in the Recitals.

Letter of Credit Facilities means one or more debt facilities with banks or other institutional lenders or a trustee providing for letters of credit, in each case, (i) including any related guarantees, collateral documents, instruments and agreements executed in connection therewith, and (ii) as amended, modified, renewed, refunded, replaced, restated or substituted in whole or in part from time to time.

Letter of Credit Facilities means, collectively, (a) the letter of credit and related acceptance facility provided to Parent and Borrowers by Israel Discount Bank of New York in accordance with the terms of the Letter of Credit Facility Agreement of Parent and Borrowers with Israel Discount Bank of New York, as in effect on the date hereof; (b) the letter of credit and related acceptance facility provided to Parent and Borrowers by CommerceBank, N.A. in accordance with the terms of the Letter of Credit Facility Agreement of Parent and Borrowers with CommerceBank, N.A. as in effect on the date hereof; (c) the letter of credit and related acceptance facility provided to Parent and Borrowers by Ocean Bank in accordance with the terms of the Letter of Credit Facility Agreement of Parent and Borrowers with Ocean Bank as in effect on the date hereof; (d) the letter of credit and related acceptance facility provided to Parent and Borrowers by The Hong Kong and Shanghai Banking Corporation Limited and HSBC Bank USA in accordance with the Letter of Credit Facility Agreement of Parent and Borrowers with The Hong Kong and Shanghai Banking Corporation Limited and HSBC Bank USA as in effect on the date hereof; and (e) any other letter of credit facility hereafter entered into by Borrowers with a financial institution that is reasonably acceptable to Agent pursuant to which such financial institution will issue letters of credit for the account of Borrowers on commercially reasonable terms; provided, that, as to any such other letter of credit facility, each of the conditions set forth in Section 9.9(j) hereof shall have been satisfied; each of such Letter of Credit Facilities sometimes being referred to herein individually as a "Letter of Credit Facility".

Letter of Credit Facilities means collectively, (i) the Letter of Credit Agreement, dated July 27, 2009, by and between Regions Bank and the Issuer, as amended by First Amendment to Letter of Credit Agreement, dated August 16, 2010, as further amended by Second Amendment to Letter of Credit Agreement, dated August 31, 2011, as further amended by Third Amendment to Letter of Credit Agreement dated August 31, 2012, as further amended by Fourth Amendment to Letter of Credit Agreement dated August 31, 2013, as further amended by Fifth Amendment to Letter of Agreement dated August 31, 2014 and as further amended by Sixth Amendment to Letter of Agreement dated August 31, 2015; (ii) the Sixth Amended and Restated Master Letter of Credit Facility, dated September 30, 2015, by and between U.S. Bank National Association and the Issuer; and (iii) the Continuing Letter of Credit Agreement, dated June 4, 2010, as amended by letter agreement, dated February 28, 2011, as further amended by letter agreement, dated March 19, 2012, as further amended by letter agreement, dated May 30, 2013, as further amended by letter agreement, dated as of May 15, 2014, and as further amended by letter agreement, dated as of May 7, 2015, by and between Xxxxx Fargo Bank, National Association and the Issuer.

Letter of Credit Facilities means the Amended and Restated Letter of Credit Facility Agreement, dated April 26, 2011, by and between the Company, Paulsboro and BNP Paribas (Suisse) S.A., as such agreement may be replaced, superseded, amended, modified or supplemented from time to time, and any other letter of credit facility entered into in connection with the purchase of crude oil or other feedstock.