Common use of Letter of Credit Clause in Contracts

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 22 contracts

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), Loan and Security Agreement (Imperial Sugar Co /New/)

AutoNDA by SimpleDocs

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Alpharma Inc), Loan and Security Agreement (Mastec Inc), Loan and Security Agreement (Alpharma Inc)

Letter of Credit. any standby or documentary letter of credit credit, foreign guaranty, documentary bankers acceptance or similar instrument issued by Issuing Bank for the account or benefit of a Borrower, Borrower or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit Affiliate of a Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Conns Inc), Loan and Security Agreement (Conns Inc)

Letter of Credit. (a) any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a BorrowerBorrower pursuant to Section 2.3, and (b) the Existing Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Letter of Credit. any Existing Letters of Credit and any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower. Letter-of-Credit Right: as defined in Section 1.3.

Appears in 2 contracts

Samples: Credit Agreement (Covenant Transportation Group Inc), Credit Agreement (Covenant Transportation Group Inc)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank or any other Person for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (AGY Holding Corp.), Loan and Security Agreement (AGY Holding Corp.)

Letter of Credit. each Existing Letter of Credit and any standby or documentary letter of credit credit, foreign guaranty, documentary bankers’ acceptance or similar instrument issued by Issuing Bank for the account or benefit of a Borrower, Borrower or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit Affiliate of a Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Par Pacific Holdings, Inc.), Loan and Security Agreement (Par Pacific Holdings, Inc.)

Letter of Credit. any standby or documentary letter of credit credit, foreign guaranty, documentary bankers acceptance, indemnity, reimbursement agreement or similar instrument issued by Issuing Bank for the account or benefit of a Borrower, Borrower or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit Affiliate of a Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Adara Acquisition Corp.), Loan and Security Agreement (Amkor Technology, Inc.)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a BorrowerBorrower pursuant to Section 2.3.

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Letter of Credit. any standby or documentary letter of credit (including the Existing Letters of Credit ) issued by an Issuing Bank for the account or benefit of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by the Applicable Agent or an Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Birks & Mayors Inc.)

Letter of Credit. (i) Continuing Letters of Credit and (ii) any other standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

Letter of Credit. any standby or documentary letter of credit issued by an Issuing Bank for the account of a Borrower, any standby or documentary letter of credit issued by Underlying Issuer for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent Agent, an Issuing Bank, or Issuing Bank Underlying Issuer for the benefit of a Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (United Maritime Group, LLC)

AutoNDA by SimpleDocs

Letter of Credit. the Existing Letter of Credit and any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Titan International Inc)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a BorrowerBorrower and shall include the Existing Letters of Credit.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Sanmina-Sci Corp)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank Lender for the account of a the Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank Lender for the benefit of a the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Ashworth Inc)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Sport Chalet Inc)

Letter of Credit. any standby or documentary letter of credit credit, foreign guaranty, documentary bankers acceptance or similar instrument issued by Issuing Bank Lender for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Xplore Technologies Corp)

Letter of Credit. any Existing Letters of Credit and any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower.

Appears in 1 contract

Samples: Credit Agreement (Covenant Logistics Group, Inc.)

Letter of Credit. any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit of a Borrower, including the Existing Letters of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Alon USA Energy, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.