Existing Letter of Credit definition

Existing Letter of Credit means each letter of credit issued prior to the Effective Date by a Person that shall be an Issuing Bank and listed on Schedule 2.06.

Existing Letter of Credit means each letter of credit listed on Schedule 1.1B.

Existing Letter of Credit means each Letter of Credit previously issued for the account of the Borrower that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01(a).

Examples of Existing Letter of Credit in a sentence

• Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit.

• Effective on the Effective Date, each Existing Letter of Credit shall be deemed to be a Letter of Credit issued and outstanding under this Agreement (and without limiting the foregoing, effective from and after the Effective Date, Section ‎2.01(b) shall be deemed to apply to each such Existing Letter of Credit as if each such Existing Letter of Credit, for this purpose, were issued on the Effective Date).

• Unless otherwise expressly agreed by the applicable Issuing Bank and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit.

More Definitions of Existing Letter of Credit

Existing Letter of Credit shall have the meaning provided in section 3.1(d).

Existing Letter of Credit means each of the letters of credit described by applicant, date of issuance, letter of credit number, amount, beneficiary and the date of expiry on Schedule 1.1(c) hereto.

Existing Letter of Credit means any letter of credit previously issued for the account of the Borrower or any other Loan Party by a Lender or an Affiliate of a Lender that is (a) outstanding on the Closing Date and (b) listed on Schedule 1.01(a).

Existing Letter of Credit shall have the meaning assigned to such term in Section 2.05(a).

Existing Letter of Credit means a letter of credit issued and outstanding under the Existing Credit Agreement and listed on Schedule 2.06 hereto.

Existing Letter of Credit means any one of them.

Existing Letter of Credit has the meaning specified in Section 2.03(8).