L/C Facility definition

L/C Facility means the letter of credit facility established pursuant to Article III.

L/C Facility means the letter of credit facility established pursuant to Article III hereof.

L/C Facility the L/C Commitments and the extensions of credit made thereunder.

Examples of L/C Facility in a sentence

• Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Loans (and furnishing of Cash Collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Revolving Credit Commitment, the Swingline Commitment, the Swingline Facility, the L/C Facility and the Revolving Credit Facility.

• Notwithstanding the forgoing or anything herein to the contrary, the L/C Facility is a sublimit of the Revolving Facility and the commitments and obligations in respect of the Revolving Facility and the L/C Facility shall be assigned on a pro rata basis with each other.

• The Borrower shall repay to the Administrative Agent for the benefit of the 2020 Additional Revolving Credit Lenders, on the 2020 L/C Facility Maturity Date, the then outstanding 2020 L/C Obligations.

More Definitions of L/C Facility

L/C Facility means the agreement of L/C Issuer to issue Letters of Credit subject to the terms and conditions and up to the maximum amounts and duration as set forth in Section 2.09 of the Credit Agreement.

L/C Facility means the letter of credit facility established pursuant to Article III. The L/C Facility is part of, and not in addition to, the Revolving Credit Facility.

L/C Facility means any facility related to the issuance of letters of credit, together with any documents entered into or otherwise related thereto (including any cash collateral and control agreements), as the same may be amended, amended and restated, supplemented or otherwise modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced, in whole or in part, from time to time.

L/C Facility means the letter of credit facilities established pursuant to Article III hereof.

L/C Facility means the letter of credit facility under the Dollar Tranche established pursuant to Section 2.3.

L/C Facility means a letter of credit facility of the type referred to in clause 5.

L/C Facility means the letter of credit facility, dated as of December 1, 2000, by and between the Company and Jamex Xxxtures, L.P., LJH Corporation, Robexx Xxxxxx, Xxn X. Xxxxxxx xx their designees or assigns providing for the issuance of $8.0 million of standby letters of credit in favor of Bank of America, N.A. as agent of the lenders under the Senior Credit Facility.