Additional Letters of Credit definition

Additional Letters of Credit shall have the meaning set forth in Section 7.1(g).

Additional Letters of Credit means any letters of credit issued on the following terms: (A) the Indebtedness or other obligations in respect of such letters of credit shall be unsecured, except for the Lien permitted to be incurred pursuant to Section 6.2(s), (B) the provisions thereof shall be on commercially reasonable reimbursement agreement terms for cash collateralized letters of credit and, to the extent applicable in such reimbursement agreement, the covenants, events of default, subordination and other provisions thereof (including any guarantees thereof) shall be, in the aggregate, no less favorable to the Borrower and to the Lenders than those contained in this Credit Agreement and (C) no Default or Event of Default shall have occurred and be continuing or result therefrom.

Additional Letters of Credit has the meaning specified in Section 5.07(a).

Examples of Additional Letters of Credit in a sentence

• Such participations shall be on all the same terms and conditions as participations granted in Additional Letters of Credit under Section 2.05(e).

• Within the foregoing limits and subject to the terms and conditions set forth herein, the relevant Fronting Bank agrees to issue such Additional Letters of Credit (or amend, renew or extend an outstanding Letter of Credit, as the case may be).

• Subject to the terms and conditions set forth herein, any Borrower may request the issuance of Additional Letters of Credit denominated in Dollars or in an Alternative Currency for its own account in a form acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during the Availability Period.

• Upon the acceptance of any appointment as an L/C Issuer hereunder by a successor L/C Issuer, such successor shall succeed to and become vested with all the interests, rights and obligations of the retiring L/C Issuer and the retiring L/C Issuer shall be discharged from its obligations to issue Additional Letters of Credit hereunder.

• Such participations shall be on all the same terms and conditions as participations granted in Additional Letters of Credit under the immediately succeeding sentence.

More Definitions of Additional Letters of Credit

Additional Letters of Credit means letters of credit issued or to be issued hereunder by an Issuing Bank in accordance with Section 2.07 on or after the date hereof.

Additional Letters of Credit means any commercial or standby letters of credit issued by any lender other than a Lender under this Agreement for the account of any Borrower as permitted under subsection 7.4(iii).

Additional Letters of Credit means each of the following Letters of Credit: C7320476 issued by Bank of America Illinois for the account of Pettibone Corporation, C7319993 issued by Bank of America Illinois for the account of Allstate Insurance Company, and N-97-0095 issued by Canadian Imperial Bank of Commerce for the account of TCW Shared Opportunity Fund II L.P.

Additional Letters of Credit means EACH OF THE FOLLOWING LETTERS OF CREDIT: C7320476 ISSUED BY BANK OF AMERICA ILLINOIS FOR THE ACCOUNT OF PETTIBONE CORPORATION, P372671 ISSUED BY THE CHASE MANHATTAN BANK FOR THE ACCOUNT OF GERALD D. HOSIER, AND N 97 0095 ISSUED BY THE CANADIAN IMPERIAL BANK OF COMMERCE FOR THE ACCOUNT OF TCW SHARED OPPORTUNITY FUNDS II L.P., EACH OF WHICH IS BEING ISSUED CONCURRENTLY HEREWITH.

Additional Letters of Credit shall have the meaning set forth in Section 7.1(g). “Adjusted Term SOFR” shall mean, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided, that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. “Administrative Agent” shall mean Truist Bank in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Questionnaire” shall mean, with respect to each Lender, an administrative questionnaire in the form provided by the Administrative Agent and submitted to the Administrative Agent duly completed by such Xxxxxx. “Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person. For the purposes of this definition, “Control” shall mean the power, directly or indirectly, either to (i) vote 5% or more of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of a Person or (ii) direct or cause the direction of the management and policies of a Person, whether through the ability to exercise voting power, by control or otherwise. The terms “Controlling”, “Controlled by”, and “under common Control with” have the meanings correlative thereto. “Aggregate Revolving Commitments” shall mean the Revolving Commitments of all the Lenders at any time outstanding. On the Closing Date, the aggregate amount of the Aggregate Revolving Commitments is $1,000,000,000. “Agreement” shall mean this Credit Agreement.

Additional Letters of Credit means the letters of credit, other ---------------------------- than the IDB Letter of Credit, issued by Lender upon the terms and conditions set forth in Section 2.13, the face amount of which shall not exceed, in the aggregate, at any time the sum of $5,000,000.

Additional Letters of Credit means letters of credit issued hereunder by any LC Issuer on or after the Original Closing Date.