Revolving Letters of Credit definition

Revolving Letters of Credit means any letter of credit issued by the Revolving Issuing Lender pursuant to Section 2.2(a), as such letter of credit may be amended, modified, extended, renewed or replaced from time to time.

Revolving Letters of Credit shall have the meaning specified in Section 7.

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

Examples of Revolving Letters of Credit in a sentence

• If as a result of any partial reduction of the Revolving Facility Commitments, the aggregate Revolving Facility Credit Exposure would exceed the aggregate Revolving Facility Commitments of all Lenders after giving effect thereto, then the Borrower shall, on the date of such reduction, repay or prepay Revolving Facility Loans and/or cash collateralize Revolving Letters of Credit in an amount sufficient to eliminate such excess.

• Revolving Letters of Credit (as defined in the Existing Credit Agreement) issued on the Closing Date were used to replace certain existing Letters of Credit (as defined in the Existing Credit Agreement) and the proceeds of any Revolving Loans (as defined in the Existing Credit Agreement) made on the Closing Date were used for other general corporate purposes on the Closing Date (but not, directly or indirectly, to fund the Acquisition).

• The 2019 Incremental Revolving Loan Lender hereby agrees to provide the 2019 Incremental Revolving Credit Commitment on the Ninth Amendment Effective Date (and make Revolving Credit Loans and participate in Revolving Letters of Credit with respect thereto) on the terms and conditions set forth herein and in the Credit Agreement (as modified hereby) and in the other Credit Documents.

• Identify methods of documenting resident involvement in activity programs Methods of Evaluation:1.

• From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Revolving Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.

More Definitions of Revolving Letters of Credit

Revolving Letters of Credit means, at any time, any Letter of Credit issued pursuant to Section 2.05 of this Agreement, other than Tranche A Letters of Credit.

Revolving Letters of Credit means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Revolving Issuing Lenders for the account of Borrower pursuant to subsection 3.1.

Revolving Letters of Credit means the Letters of Credit issued pursuant to Section 2.04(a)(i).

Revolving Letters of Credit. Letters of Credit issued and deemed to be issued under the Revolving Facility.

Revolving Letters of Credit means the letters of credit issued pursuant to Section 2.24.

Revolving Letters of Credit means any Letter of Credit that is not a Synthetic Letter of Credit.

Revolving Letters of Credit has the meaning specified in Section 2.04(h).