Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any letter of credit with a face amount in excess of $1,000,000 (including any “Letter of Credit”) other than the letters of credit described on Schedule 4.9 (as such schedule may be amended or supplemented from time to time).
Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any Letter of Credit other than the Letters of Credit described on Schedule 4.10 (as such schedule may be amended or supplemented from time to time).
Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any Letter of Credit with a value in excess of $100,000 other than the Letters of Credit described on Schedule 4.10 (as such schedule may be amended or supplemented from time to time in accordance with Section 5.5(b)). With respect to any Letters of Credit with a value in excess of $100,000 that are by their terms transferable, each Grantor has caused (or, in the case of the Letters of Credit that are specified on Schedule 4.10 on the date hereof, will use commercially reasonable efforts to cause) all issuers and nominated persons under Letters of Credit in which the Grantor is the beneficiary or assignee to consent to the assignment of such Letter of Credit to the Administrative Agent and has agreed that upon the occurrence of a an Event of Default it shall cause all payments thereunder to be made to the Collateral Account. With respect to any Letters of Credit with a value in excess of $100,000 that are not transferable, each Grantor shall obtain (or, in the case of the Letters of Credit that are specified on Schedule 4.10 on the date hereof, use commercially reasonable efforts to obtain) the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the released Letter of Credit to the Administrative Agent in accordance with Section 5-114(c) of the New York UCC.
Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any Letter of Credit other than the Letters of Credit described on Schedule 3.09 (as such schedule may be amended or supplemented from time to time). With respect to any Letters of Credit that are by their terms transferable, each Grantor has caused (or, in the case of the Letters of Credit that are specified on Schedule 3.09 on the date hereof, will use commercially reasonable efforts to cause) all issuers and nominated persons under Letters of Credit in which the Grantor is the beneficiary or assignee to consent to the assignment of such Letter of Credit to the Collateral Agent and has agreed that upon the occurrence of an Event of Default it shall cause all payments thereunder to be made to the Collateral Account. With respect to any Letters of Credit that are not transferable, each Grantor shall obtain (or, in the case of the Letters of Credit that are specified on Schedule 3.09 on the date hereof, use commercially reasonable efforts to obtain) the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the released Letter of Credit to the Collateral Agent in accordance with Section 5-114(c) of the New York UCC.
Letters of Credit and Letter of Credit Rights. (except to the extent relating to any Net Cash Proceeds Letter of Credit);
Letters of Credit and Letter of Credit Rights. (l) Money and other assets of Grantor that now or later come into possession, custody, or control of Lender;
Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any letter of credit with a face amount in excess of $1,000,000 (including any “Letter of Credit”) other than the letters of credit described on Schedule 4.10 (as such schedule may be amended or supplemented from time to time). With respect to any letters of credit in excess of $1,000,000 in face amount that are by their terms transferable, each Grantor has caused (or, in the case of the letters of credit that are specified on Schedule 4.10 on the date hereof in excess of $1,000,000 in face amount, will use commercially reasonable efforts to cause) all issuers and nominated persons under letters of credit in which the Grantor is the beneficiary or assignee to consent to the assignment of such letter of credit to the First Lien Administrative Agent or the Second Lien Administrative Agent, as applicable in accordance with the Intercreditor Agreement, and has agreed that upon the occurrence of an Event of Default it shall cause all payments thereunder to be made to the Collateral Account or an account designated by the First Lien Administrative Agent, as applicable in accordance with the Intercreditor Agreement. With respect to any letters of credit in excess of $1,000,000 in face amount that are not transferable, each Grantor shall obtain (or, in the case of the letters of credit that are specified on Schedule 4.10 on the date hereof in excess of $1,000,000 in face amount, use commercially reasonable efforts to obtain) the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the released letter of credit to the First Lien Administrative Agent or the Second Lien Administrative Agent, as applicable in accordance with the Intercreditor Agreement, in accordance with Section 5-114(c) of the New York UCC.
Letters of Credit and Letter of Credit Rights. No Grantor is a beneficiary or assignee under any Letter of Credit individually or in the aggregate in excess of $5,000,000 other than the Letters of Credit described on Schedule 3.09 (as such schedule may be amended or supplemented from time to time).
Letters of Credit and Letter of Credit Rights. As of the date hereof, the Grantor is not a beneficiary or assignee under any Letter of Credit.
Letters of Credit and Letter of Credit Rights. As of the Closing Date, no Guarantor is a beneficiary or assignee under any Letter of Credit that is part of the Collateral with a face amount in excess of $5,000,000 individually other than the Letters of Credit described on Schedule 4.10. With respect to any Letters of Credit that are part of the Collateral and do not constitute Excluded Perfection Assets that are by their terms transferable, each Guarantor has caused (or, in the case of the Letters of Credit that are specified on Schedule 4.10 on the Closing Date, will use commercially reasonable efforts to cause) all issuers and nominated persons under Letters of Credit in which the Guarantor is the beneficiary or assignee to consent to the assignment of such Letter of Credit to the Collateral Trustee and has agreed that upon the occurrence of a Secured Debt Default it shall cause all payments thereunder to be made to the Collateral Account; provided, however, that to the extent any such Letter of Credit constitutes a “supporting obligation” as defined in Section 9-102(77) of the New York UCC, such Guarantor shall not be required to so act. With respect to any Letters of Credit that are part of the Collateral and do not constitute Excluded Perfection Assets and that are not transferable, each Guarantor shall obtain (or, in the case of the Letters of Credit that do not constitute Excluded Perfection Assets and that are specified on Schedule 4.10 on the Closing Date, use commercially reasonable efforts to obtain) the consent of the issuer thereof and any nominated Person thereon to the assignment of the proceeds of the released Letter of Credit to the Collateral Trustee in accordance with Section 5- 114(c) of the New York UCC.
