Rollover Letters of Credit definition

Rollover Letters of Credit the letters of credit identified on Schedule 1.1C.

Rollover Letters of Credit means all letters of credit set forth on Schedule 1.1(R) which were issued by the financial institution listed on Schedule 1.1(R) under the Prior Loan Agreement prior to the date hereof upon the application of a Loan Party and are outstanding on the Closing Date. SEC shall mean the Securities and Exchange Commission or any governmental agencies substituted therefor.

Rollover Letters of Credit mean those irrevocable standby letters of credit issued on the Initial Borrowing Date by Facing Agent pursuant to Section 2.9(a) substantially in the form of Exhibit 1.1

Examples of Rollover Letters of Credit in a sentence

• Each of the Rollover Letters of Credit shall be deemed to be a Letter of Credit for all purposes of this Agreement.

• Each of the Rollover Letters of Credit which is a Standby Letter of Credit shall be deemed to have been issued hereunder on the Closing Date by the Administrative Agent.

• Promptly upon receipt by Facing Agent or Agent of any amount described in clause (i)(A) with respect to Letters of Credit other then Rollover Letters of Credit or (ii)(A) of this Section 2.9(e), Facing Agent or Agent shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed Facing Agent in accordance with Section 2.9(d) its Revolver Pro Rata Share of such amount.

• Each of the Rollover Letters of Credit which is a Commercial Letter of Credit shall be deemed to have been issued hereunder on the Closing Date by the issuing bank identified on Schedule 1.1(R) as the Issuing Letter of Credit Bank.

• Promptly upon receipt by Facing Agent or Agent of any amount described in clause (i)(A) with respect to Rollover Letters of Credit or (ii)(B) of this Section 2.9(e), Facing Agent or Agent shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed Facing Agent in accordance with Section 2.9(d) its Term A Pro Rata Share of such amount.

More Definitions of Rollover Letters of Credit

Rollover Letters of Credit means the letters of credit described on Schedule 2.1.3.

Rollover Letters of Credit means all letters of credit set forth on Schedule 1.1(R) which were issued by the financial institution listed on Schedule 1.1(R) under the Prior Loan Agreement prior to the date hereof upon the application of a Loan Party and are outstanding on the Closing Date. SEC shall mean the Securities and Exchange Commission or any governmental agencies substituted therefor. Settlement Date shall mean any Business Day on which the Administrative Agent or Canadian Agent, as the case may be, elects to effect settlement pursuant to Section 4.11 [Settlement Date Procedures]. Shares shall have the meaning assigned to that term in Section 5.1.2 [Capitalization and Ownership]. Solvent shall mean, with respect to any Person on a particular date, that on such date (i) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (ii) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (iii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (iv) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person's ability to pay as such debts and liabilities mature, and (v) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person's property would constitute unreasonably small capital after giving due consideration to the prevailing practice in such Person's industry. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

Rollover Letters of Credit means each of the letters of credit issued prior to the Closing Date under the Prior Credit Agreement and described by issuer, date of issuance, letter of credit number, undrawn amount and date of expiry on Schedule D hereto, including any modifications, extensions or renewals of any Rollover Letter of Credit.

Rollover Letters of Credit means the Letters of Credit set forth on Exhibit 1.04

Rollover Letters of Credit means Letters of Credit existing on the Filing Date to the extent the DIP Orders provide such Letters of Credit are to be part of this DIP Facility and that the reimbursement obligations, indemnification obligations, and other liabilities thereunder of Borrower constitute "Obligations" under this Agreement.

Rollover Letters of Credit means all Rollover Letters of Credit under and as defined in the Senior Secured Credit Agreement as in effect on the Issue Date.

Rollover Letters of Credit the letter of credit or letters of credit described on Schedule 3.1 outstanding as of the Petition Date and issued under the Prepetition Credit Agreement.