Common use of The Letters of Credit Clause in Contracts

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued in an amount exceeding the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof.

Appears in 6 contracts

Samples: Credit Agreement (Gray Television Inc), Credit Agreement (Gray Television Inc), Credit Agreement (Gray Television Inc)

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The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued 2.14 hereof in an aggregate amount exceeding not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof.

Appears in 3 contracts

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/), Loan Agreement (Gray Television Inc), Loan Agreement (Gray Communications Systems Inc /Ga/)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued 2.14 hereof in an aggregate amount exceeding not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof.

Appears in 2 contracts

Samples: Loan Agreement (Gray Television Inc), Loan Agreement (Metrocall Inc)

The Letters of Credit. Subject to the terms and conditions of --------------------- this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued 2.14 hereof in an aggregate amount exceeding not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof."

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the theeach Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its or any Restricted Subsidiaries) Subsidiary thereof pursuant to Section 2.13; provided that no 2.16 in an aggregate amount at the time of issuance of any Letter of Credit shall be issued in an amount exceeding hereunder not to exceed the lesser of (i) the Available Letter of Credit Commitment determined immediately prior to giving then in effect to and (ii) the issuance thereofLetter of Credit Commitment of such Issuing Bank.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Whole Earth Brands, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued in an amount exceeding the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Gray Television Inc)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no 2.15 hereof in an aggregate amount at the time of issuance of any Letter of Credit shall be issued in an amount exceeding hereunder not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereofthen in effect.

Appears in 1 contract

Samples: Loan Agreement (Tritel Finance Inc)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued 2.14 hereof in an amount exceeding face amounts not to exceed, in the aggregate at any time, the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereofCommitment.

Appears in 1 contract

Samples: Loan Agreement (Tv Guide Inc)

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The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) or any Subsidiary thereof pursuant to Section 2.13; provided that no 2.16 in an aggregate amount at the time of issuance of any Letter of Credit shall be issued in an amount exceeding hereunder not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereofthen in effect.

Appears in 1 contract

Samples: Loan Agreement (Whole Earth Brands, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue the Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no 2.17 hereof in an aggregate amount at the time of issuance of any Letter of Credit shall be issued in an amount exceeding hereunder not to exceed the Available Letter of Credit Commitment determined immediately prior then in effect or to giving effect extend the expiration date of an existing Letter of Credit (subject to the issuance thereoflimitations on issuances and expiration dates set forth in Section 2.17)."

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the each Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its or any Restricted Subsidiaries) Subsidiary thereof pursuant to Section 2.13; provided that no 2.16 in an aggregate amount at the time of issuance of any Letter of Credit shall be issued in an amount exceeding hereunder not to exceed the lesser of (i) the Available Letter of Credit Commitment determined immediately prior to giving then in effect to and (ii) the issuance thereofLetter of Credit Commitment of such Issuing Bank.

Appears in 1 contract

Samples: Loan Agreement (Whole Earth Brands, Inc.)

The Letters of Credit. Subject to the terms and conditions of this Agreement, the Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (for itself and on behalf of its Restricted Subsidiaries) pursuant to Section 2.13; provided that no Letter of Credit shall be issued 2.14 hereof in an aggregate amount exceeding at any one time outstanding not to exceed the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereofCommitment.

Appears in 1 contract

Samples: Loan Agreement (Vanguard Cellular Systems Inc)

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