Prior Letters of Credit definition

Prior Letters of Credit means letters of credit outstanding on the date of the Original Loan Agreement issued by the Issuing Bank and listed on Exhibit 1.1B attached hereto and made a part hereof.

Prior Letters of Credit means, collectively, (i) that certain Letter of Credit No. 3020196 in the original face amount of approximately $470,400.00, issued by Bank of America, N.A. on or about November 2, 1999 for the account of Company and for the benefit of 444 Madison LLC, (ii) that certain Letter of Credit No. 3033942 in the original face amount of approximately 3,257,059.50 British Pounds, issued by Bank of America, N.A. on or about January 9, 2001 for the account of Company and for the benefit of Bank of America London, and (iii) that certain Letter of Credit No. 3041996 in the original face amount of approximately 125,000.00 British Pounds, issued by Bank of America, N.A. on or about November 9, 2001 for the account of Company and for the benefit of Bank of America London.

Prior Letters of Credit means those letters of credit issued by Bank of America for BearingPoint’s account that are outstanding on the Closing Date, each of which is identified on Schedule 1.01(a) hereto.

Examples of Prior Letters of Credit in a sentence

• The Borrower hereby represents and warrants that such Prior Letters of Credit will comply with the limitations set forth in Sections 3.01(a) and 3.01(b) hereof as of the Closing Date as if issued hereunder on the Closing Date.

• Pursuant to the terms of the applicable Indentures, the Bond Trustee drew upon the related Prior Letters of Credit and applied the proceeds from such Prior Letter of Credit draws to pay the redemption price of the Prior Bonds.

• Any letters of credit ("Prior Letters of Credit") issued by Mellon Bank, N.A. or any of its affiliates under the prior "Revolving Credit Agreement" referred to in Section 5.01(f) (the "Prior Revolving Credit Agreement") and outstanding on the Closing Date shall, as of the Closing Date, automatically and without further action be deemed to be Letters of Credit issued under this Agreement.

• Fees with respect to such Prior Letters of Credit for each day to and including the Closing Date shall accrue at the rates set forth under the Prior Revolving Credit Agreement and shall be payable on the Closing Date, and fees with respect to such Prior Letters of Credit for each day after the Closing Date shall accrue and be payable as provided for Letters of Credit in this Agreement.

• Additionally, the occurrence of a breach or non-fulfillment of the terms and provisions of the Note, the Prior Letters of Credit, the Letters of Credit, the Credit Agreement, or any of the other Loan Documents, if any such breach or non-fulfillment is not cured in accordance with the respective terms thereof, shall constitute an "Event of Default" under this Agreement.

More Definitions of Prior Letters of Credit

Prior Letters of Credit shall have the meaning given to that term in Recital C.

Prior Letters of Credit has the meaning set forth in the recitals hereof.

Prior Letters of Credit has the meaning specified in Section 2.03(d).

Prior Letters of Credit are those certain standby letters of credit issued (or caused to be issued) by the Issuing Bank prior to the Effective Date upon request of Borrower in accordance with the Prior Loan Agreement.

Prior Letters of Credit means those Letters of Credit listed on Exhibit 1.1 attached hereto issued by Lender prior to the date of this Agreement.

Prior Letters of Credit means Letters of Credit outstanding on the date hereof issued by the Agent and listed on Exhibit 1.1 attached hereto and made a part hereof.

Prior Letters of Credit means, collectively, (i) that certain Letter of Credit No. 3020196 in the original face amount of approximately