Tranche B Letters of Credit definition

Tranche B Letters of Credit letters of credit issued by the Issuing Lender pursuant to this Agreement, to the extent such Letters of Credit are deemed, pursuant to the provisions of this Agreement, to be a use of the Tranche B Commitment, including the letters of credit referred to in Schedule 3.10.

Tranche B Letters of Credit has the meaning given to such term in Section 2.1(b).

Tranche B Letters of Credit means any letters of credit issued by either Tranche B Issuing Bank pursuant to Section 2.6(a)(1), either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or supplanted.

Examples of Tranche B Letters of Credit in a sentence

• The undersigned Lenders hereby ratify, confirm and approve all actions taken by Administrative Agent and Issuing Lenders to extend or permit the extension of the Tranche A Letters of Credit and Tranche B Letters of Credit described on Annex D attached hereto to the dates set forth on such Annex.

• In the case of any issuance of a Letter of Credit, immediately following the issuance of such Letter of Credit, the aggregate undrawn amount of the sum of all outstanding Letters of Credit and all Tranche B Letters of Credit (as defined in the Existing Credit Agreement) shall not exceed $12,500,000.

• On May 23, 2003, the Debtors and the DIP Lenders entered into the seventh amendment to the DIP Financing Facility that provided for, among other things, approval for the restructuring of the obligations relating to the Hennepin waste-to-energyWTE project and to permit amendments to the corresponding Tranche A and Tranche B Letters of Credit.

More Definitions of Tranche B Letters of Credit

Tranche B Letters of Credit means the irrevocable standby letters of credit issued to a Beneficiary under this Agreement having an expiry date 364 days from the date of issue in the aggregate issued amount at any one time when aggregated with any other outstanding Tranche B Letters of Credit under this Agreement not to exceed a face amount of USD$25,000,000.00.

Tranche B Letters of Credit as defined in Section 3A.1(a).

Tranche B Letters of Credit means any Standby Letter of Credit issued in accordance with Section 2.03(j) of this Agreement.

Tranche B Letters of Credit means, the Tranche B Letters of Credit issued pursuant to Section 2.04(a).

Tranche B Letters of Credit means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Issuing Lenders for the account of a Borrower with respect to Tranche B Revolving Loan Commitments pursuant to subsection 3.1 and the Existing Letters of Credit.

Tranche B Letters of Credit means any Financial Letters of Credit or Performance Letters of Credit Issued by the Issuing Lender pursuant to SECTION 5.1(B).

Tranche B Letters of Credit means, at any time, all Letters of Credit as to which the Letter of Credit Outstandings do not exceed $200,000,000 in the aggregate, subject to adjustment in accordance with Section 2.10 and Section 2.13(b).