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

Examples of Letter of Credit Facilities in a sentence

• 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 three letters in the amounts of $3 million, approximately $700 thousand, and $370 thousand.

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

• Other Letter of Credit Facilities We have an LOC facility with a financial institution in the aggregate amount of $100.0 million available for the issuance of LOC to support reinsurance obligations of our reinsurance subsidiaries.

More Definitions of Letter of Credit Facilities

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, collectively, (a) the letter of credit and related acceptance facility provided to Parent and Borrowers by Mercantil CommerceBank, N.A. in accordance with the terms of the Letter of Credit Facility Agreement of Parent and Borrowers with Mercantil CommerceBank, N.A. as in effect on the date hereof; and (b) 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(h) 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 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, the Canadian Letter of Credit Facility and the US Letter of Credit Facility.

Letter of Credit Facilities means the Short Term L/C Series A Facility, the Short Term L/C Series B Facility, the Short Term L/C Series C Facility, the Long Term L/C Series A Facility, the Long Term L/C Series B Facility, the Long Term L/C Series C Facility and the Long Term L/C Series D 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; (ii) the Credit Agreement, dated July 27, 2009, by and between The Huntington National Bank and the Issuer, as amended by Amendment No. 1 to Credit Agreement, dated August 16, 2010; (iii) the Continuing Letter of Credit Agreement, dated June 4, 2010, by and between Xxxxx Fargo Bank, National Association and the Issuer; (iv) the Amended and Restated Master Letter of Credit Facility Agreement, dated August 16, 2010, by and between U.S. Bank National Association and the Issuer; and (v) the Continuing Agreement for Standby Letters of Credit, dated August 16, 2010, by and between Citibank, N.A. and the Issuer.