Substitute Credit Facility. Borrower shall not replace the Letter of Credit with a Substitute Letter of Credit unless simultaneously therewith Borrower shall cause the Letter of Credit to be cancelled and shall repay in full all Obligations and liabilities to the Bank under the Reimbursement Agreement and the Letter of Credit.
Appears in 3 contracts
Samples: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct), Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct), Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)