Multicurrency Letters of Credit definition

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Sub-Commitments.

Multicurrency Letters of Credit has the meaning specified in Section 2.01(b).

Examples of Multicurrency Letters of Credit in a sentence

• The eligibility of any such Foreign Subsidiary to borrow Multicurrency Revolving Loans or Multicurrency Swingline Loans or to have Multicurrency Letters of Credit issued for its account under such Sections shall terminate when the Administrative Agent receives an Election to Terminate with respect to such Foreign Subsidiary.

• In the case of any such request pertaining to Multicurrency Revolving Credit Loans that are Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Multicurrency Revolving Credit Lender thereof; and in the case of any such request pertaining to Multicurrency Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuer thereof.

• In the case of any such request with respect to the making of Multicurrency Revolving Credit Loans that are Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Multicurrency Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Multicurrency Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

• Multicurrency Letters of Credit shall be denominated only in Dollars or an Alternative Currency.

• Interest shall be payable on each Multicurrency Payment Amount from the date of the applicable drawing until payment in full at the rate set forth in (i) until the second Business Day following the date of the applicable drawing, Section 2.15(b), with respect to a Letter of Credit denominated in Dollars and 2.15(a) in respect of all other Multicurrency Letters of Credit and (ii) thereafter, Section 2.15(c).

More Definitions of Multicurrency Letters of Credit

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Loan denominated in Dollars or an Agreed Foreign Currency. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “National Currency” means the currency, other than the Euro, of a Participating Member State.

Multicurrency Letters of Credit means, collectively, all Commercial Letters of Credit and Multicurrency Standby Letters of Credit, in each case, issued pursuant to Section 2.10(a)(i) or listed on Schedule 2.10(j), and “Multicurrency Letter of Credit” means any one of such Letters of Credit.

Multicurrency Letters of Credit means, collectively, all Commercial Letters of Credit and Multicurrency Standby Letters of Credit, in each case, issued pursuant to Section 2.11(a)(i) or listed on Schedule 2.11(j), and “Multicurrency Letter of Credit” means any one of such Letters of Credit.

Multicurrency Letters of Credit means Letters of Credit denominated in an Agreed Foreign Currency.

Multicurrency Letters of Credit means, collectively, all Standby Letters of Credit and Bank Guarantees, in each case issued under the Multicurrency Revolving Facility and otherwise pursuant to the terms of this Agreement.

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Syndicated Loan or Swingline Loan denominated in an Agreed Foreign Currency.

Multicurrency Letters of Credit as defined in subsection 3.1(c).