Revolving Credit Letters of Credit definition

Revolving Credit Letters of Credit means each of the letters of credit issued from time to time by the Issuer for the account of the respective Revolving Credit Borrowers pursuant to the Revolving Credit Agreement.
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Revolving Credit Letters of Credit means the letters of credit to be issued pursuant to Section 2.9(a) hereof, which shall exclude the IDRB Letters of Credit.
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Revolving Credit Letters of Credit any Syndicated Letter of Credit issued 21 16 under the Revolving Credit Commitments.
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Examples of Revolving Credit Letters of Credit in a sentence

  • The Borrower agrees with the Agents, the Collateral Agent and each Lender that, until all Obligations have been paid and performed in full, the Commitments have terminated and the Revolving Credit Letters of Credit have (x) expired or been returned to the Issuer or (y) been cash collateralized to the reasonable satisfaction of the Collateral Agent and the Issuer, the Borrower will, and will cause the Special Purpose Subsidiary to, perform the obligations set forth in this Section 7.3.

  • The Borrower agrees with the Agents, the Collateral Agent and each Lender that, until all Obligations have been paid and performed in full, the Commitments have terminated and the Revolving Credit Letters of Credit have (x) expired or been returned to the Issuer or (y) been cash collateralized to the reasonable satisfaction of the Collateral Agent and the Issuer, the Borrower will perform the obligations set forth in this Section 7.2.

  • The Borrower agrees with the Agents, the Collateral Agent and each Lender that, until all Obligations have been paid and performed in full, the Commitments have terminated and the Revolving Credit Letters of Credit have (x) expired and been returned to the Issuer or (y) been cash collateralized to the reasonable satisfaction of the Collateral Agent and the Issuer, the Borrower will perform the obligations set forth in this Section 7.1.

  • Any amounts so received by such Issuer from any Revolving Credit Borrower pursuant to this Section shall be held as collateral security for the repayment of such Revolving Credit Borrower's obligations in connection with the Revolving Credit Letters of Credit issued by such Issuer.

  • The Revolving Credit Borrowers further jointly and severally agree to pay, and to save the Agents, the Collateral Agent and the Revolving Credit Lenders harmless from all liability for, any stamp or other taxes which may be payable in connection with the execution or delivery of this Agreement, the Revolving Credit Loans made hereunder, the issuance of the Notes, the issuance of the Revolving Credit Letters of Credit, or any other Revolving Credit Documents.

  • On the terms and subject to the conditions of this Agreement (including Article VI), the Issuer shall issue Revolving Credit Letters of Credit, and extend the Stated Expiry Dates of outstanding Revolving Credit Letters of Credit, in accordance with the Issuance Requests made therefor.

  • To Make Revolving Credit Loans or Issue or Participate in Revolving Credit Letters of Credit Under Certain Circumstances.

  • The Borrower agrees with the Agents, the Collateral Agent and each Lender that, until all Obligations have been paid and performed in full, the Commitments have terminated and the Revolving Credit Letters of Credit have (x) expired or been returned to the Issuer or (y) been cash collateralized to the reasonable satisfaction of the Collateral Agent and the Issuer, the Borrower will, and will cause the Special Purpose Subsidiary to, perform the obligations set forth in this Section 7.1.

  • If at any time the aggregate principal amount of the outstanding Revolving Credit Loans and the face amount of Revolving Credit Letters of Credit outstanding at such time exceeds the lesser of the Revolving Credit Commitment and the Borrowing Base at such time, the Borrower shall make a payment on the outstanding Revolving Credit Loans equal to the amount of such excess.

  • Each Lender, severally and not jointly, will make Revolving Advances to each Borrower in aggregate amounts outstanding at any time not greater than such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Revolving Credit Letters of Credit or (y) the Formula Amount less the aggregate amount of outstanding Revolving Credit Letters of Credit.


More Definitions of Revolving Credit Letters of Credit

Revolving Credit Letters of Credit means letters of credit issued or maintained pursuant to subsection 2.21(a)(i)."
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Revolving Credit Letters of Credit collectively, Commercial Letters of Credit and Standby Letters of Credit.
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Revolving Credit Letters of Credit as defined in Section 3.1(a).
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Revolving Credit Letters of Credit as defined in subsection 2.1(d).
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Related to Revolving Credit Letters of Credit

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

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Credit Loans as defined in Section 2.1.

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

  • Revolving Letter of Credit means any letter of credit issued pursuant to Section 2.05.

  • Revolving Credit Agreement means the Credit Agreement, dated as of April 21, 2016, among the Borrower, the lenders party thereto from time to time and the Revolving Administrative Agent, as amended, restated, amended and restated, supplemented, modified, replaced, substituted, extended or refinanced from time to time in accordance with the terms hereof and thereof.

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Letters of Credit as defined in Section 3.1(a).

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

  • Existing Letters of Credit means those certain letters of credit set forth on Schedule 1.01(d).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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 Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Revolving Credit Documents means the Revolving Credit Agreement and the Revolving Credit Collateral Documents.

  • 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.