Letters of Credit Outstanding Sample Clauses
Letters of Credit Outstanding. All Commitment Fees shall be payable in arrears on the first day of each April, July, October and January after the date hereof and on the Expiration Date or upon acceleration of the Loans.
Letters of Credit Outstanding. All Revolving Credit Commitment Fees shall be payable in arrears on the first Business Day of each April, July, October and January after the date hereof and on the Revolving Credit Expiration Date or upon acceleration of the Notes in accordance with Section 9.2 [Consequences of Event of Default] hereof.
Letters of Credit Outstanding. Those certain letters of credit listed on Appendix A.
Letters of Credit Outstanding. The Borrower shall pay to the Agent for the ratable account of the Lenders a letter of credit fee for the Letters of Credit issued hereunder at a rate per annum equal to the Applicable L/C Fee as from time to time in effect per annum on the maximum amount of the Letters of Credit from time to time outstanding, such fee to be paid quarterly in arrears on the last day of each September, December, March and June in each year (commencing June 30, 1996) and on the Revolving Credit Termination Date.
Letters of Credit Outstanding. All Commitment Fees shall be payable in arrears on the last Business Day of each October, January, April and July after the date hereof and on the Expiration Date or upon acceleration of the Notes.
Letters of Credit Outstanding on the Revolving Loan Maturity Date. ----------------------------------------------------------------- In the event that any Letter of Credit Obligation, whether or not then due or payable, shall for any reason be outstanding on the Revolving Loan Maturity Date, Borrower will either (i) cause the underlying Letter of Credit to be returned and canceled and Letter of Credit Bank's corresponding Letter of Credit Obligation to be terminated, or (ii) pay to Agent, for the benefit of Revolving Lenders, cash in an amount equal to the maximum amount then available to be drawn
1. Borrower agrees to execute and deliver to Agent such documentation with respect to the Cash Collateral Account as Agent may request, and Borrower hereby pledges and grants to Agent a security interest in all such cash held in the Cash Collateral Account from time to time and all interest thereon and the proceeds thereof, as additional security for the payment of all amounts due in respect of the Letter of Credit Obligations, whether or not then due.
Letters of Credit Outstanding. BORROWER confirms to LENDER that, as of the opening of business on the date hereof, there were no Letters of Credit outstanding under the 2003 Loan Agreement.
Letters of Credit Outstanding. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Company (on behalf of itself, Expro-Intl. or MOCL) to, or entered into by a Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which would be made available to any Person (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) to fund any activity or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions or (iii) in any manner that would result in a violation of any Sanctions by any party to this Agreement. CREDIT AGREEMENT
Letters of Credit Outstanding. In the event of any inconsistency or conflict between the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit applications, Letter of Credit Agreement or any other letter of credit or reimbursement agreements or other agreements, documents or certificates submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Notwithstanding anything herein to the contrary, the Issuing Bank shall have no obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which would be made available to any Person to fund any activity or business of or with any Sanctioned Person, or in any Sanctioned Country to the extent a violation of any Sanctions by any party hereto would result.