Examples of Term Loan Letter of Credit in a sentence
All amounts borrowed by the Borrower pursuant to this Section 2.2(a) and all amounts drawn under any Term Loan Letter of Credit and not repaid may be referred to hereinafter collectively as the "Term Loans".
No authorization or approval or other action by, and no notice to or filing with, any governmental authority or other regulatory body is required in connection with the due execution, delivery and performance by the Borrower of this Amendment, the Senior Term Loan Agreement or the Term Loan Letter of Credit Reimbursement Agreement, or for the performance of the Credit Agreement and the other Loan Documents, as amended hereby.
Section 15.1(c)(i)(A) of the Credit Agreement is hereby amended by adding “under the Senior Term Loan Agreement and under the Term Loan Letter of Credit Reimbursement Agreement," after “Senior Loan Documents,”.
Any amounts paid by the Issuing Bank on any Letter of Credit shall be deemed to be a Revolving Loan (in the case of a Revolving Loan Letter of Credit) or a Term Loan (in the case of a Term Loan Letter of Credit) for all purposes of this Agreement and shall bear interest from the date of payment by the Issuing Bank at the rates provided in Section 3.1 until paid in full.
The Australian Term Loan Letter of Credit shall (a) be for the purpose of providing credit support for the Australian Term Loan Facility, (b) be in favor of the Australian Term Loan Facing Bank, (c) be denominated in Australian Dollars; and (d) have an expiration date no later than six years after its date of issuance.
No law or regulation shall prohibit, and no order, judgment or decree of any court, arbitrator or governmental authority shall enjoin or restrain, any Bank from making the requested Advance, Term Loan, Letter of Credit or Acceptance.
On the Closing Date the ------------------------------------- Australian LC Issuing Bank will issue to the Australian Term Loan Facing Bank for the account of the Borrower an A$ denominated letter of credit with an initial Letter of Credit Undrawn Availability equal to the Australian Dollar Equivalent of $40,000,000, substantially in the Form of Exhibit I-1 hereto (the "Australian Term Loan Letter of Credit").
Subject to and in accordance with the conditions ----------------- contained in Annex G, (a) Borrower shall have the right to request, and ------- Revolving Lenders agree to incur, or purchase participations in, Revolving Loan Letter of Credit Obligations in respect of Borrower, and (b) Borrower shall have the right of request, and Term Lenders with a Term Loan A Commitment agree to incur, or purchase participations in, Term Loan Letter of Credit Obligations in respect of Borrower.
If for any reason the Term Loan Letter of Credit shall expire, any draw thereunder shall not be honored or the amount available to be drawn thereunder shall be less than the then outstanding amount of the Loans.
No Term Loan, Letter of Credit, use of proceeds, Transaction, or other transaction contemplated by this Agreement or the other Loan Documents will violate Anti-Corruption Laws or applicable Sanctions.