Common use of Existing Letters of Credit Clause in Contracts

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Borrower.

Appears in 39 contracts

Samples: Credit Agreement (Alpha Natural Resources, Inc.), Credit Agreement (B&H Contracting, L.P.), Credit Agreement (Summit Materials, LLC)

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Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed to be Letters of Credit for all purposes under this Agreement, without any further action by the Borrower, any L/C Issuer or any other Person.

Appears in 5 contracts

Samples: Credit Agreement (Safehold Inc.), Credit Agreement (Istar Inc.), Credit Agreement (Safehold Inc.)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the BorrowerBorrowers.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Priority Technology Holdings, Inc.), Credit and Guaranty Agreement (Priority Technology Holdings, Inc.), Credit and Guaranty Agreement (Priority Technology Holdings, Inc.)

Existing Letters of Credit. The parties hereto agree that the each Existing Letters Letter of Credit shall be deemed Letters to be issued hereunder and shall constitute a Letter of Credit for all purposes under this Agreement, without any further action by the BorrowerBorrower or any Existing Issuing Bank.

Appears in 4 contracts

Samples: Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Alternative Letters of Credit for all purposes under this Agreement, without any further action by the BorrowerBorrowers.

Appears in 4 contracts

Samples: Credit Agreement (Liberty Global PLC), Credit Agreement (Liberty Latin America Ltd.), Credit Agreement (Liberty Latin America Ltd.)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the any Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Change Healthcare Inc.), Credit Agreement (Change Healthcare Inc.), Credit Agreement (PF2 SpinCo LLC)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed to be Letters of Credit for all purposes under this AgreementAgreement from and after the Effective Date, without any further action by the Borrower, the Letter of Credit Issuer or any other Person.

Appears in 3 contracts

Samples: Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the BorrowerBorrower or the Existing L/C Issuer.

Appears in 3 contracts

Samples: Credit Agreement (Jason Industries, Inc.), Credit Agreement (Jason Industries, Inc.), Credit Agreement (Jason Industries, Inc.)

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Existing Letters of Credit. The parties hereto agree that the Existing Letters Letter of Credit shall be deemed Letters a Letter of Credit for all purposes under this Agreement, without any further action by the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Total System Services Inc), Credit Agreement (Total System Services Inc)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Parent Borrower.

Appears in 2 contracts

Samples: Credit Agreement (TC3 Health, Inc.), Credit Agreement (Change Healthcare Holdings, Inc.)

Existing Letters of Credit. The parties hereto agree that the Existing Letters of Credit each shall be deemed Letters a Letter of Credit for all purposes under this Agreement, without any further action by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Total System Services Inc)

Existing Letters of Credit. The parties Each party hereto agree agrees that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes issued and outstanding under the terms of this Agreement, without any further action by the Borrower.

Appears in 1 contract

Samples: Guaranty Agreement (Data General Corp)

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