Transitional Letters of Credit. Schedule 3.2 contains a schedule of certain letters of credit issued for the account of the Company prior to the Closing Date (the “Transitional Letters of Credit”). Subject to the satisfaction of the conditions contained in Sections 5.1 and 5.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article III.
Transitional Letters of Credit. Schedule 3.8 contains a list of certain letters of credit issued prior to the Closing Date for the account of the Borrower under the Existing Credit Agreement (the “Existing Letters of Credit”). On the Closing Date, (a) the Existing Letters of Credit shall be deemed to be Letters of Credit issued pursuant to this §3 and shall be subject to all of the provisions applicable to Letters of Credit under this Credit Agreement and (b) all liabilities of the Borrower with respect to the Existing Letters of Credit shall constitute Obligations of such Borrower with respect to Letters of Credit in accordance with this Credit Agreement and the Loan Documents as though such Borrower had delivered a Letter of Credit Application under this Credit Agreement. On the Closing Date, the letter of credit fees owing with respect to the Existing Letters of Credit under §3.10 of the Existing Credit Agreement shall be calculated and paid in full. From and after the Closing Date, the Borrower shall pay Letter of Credit Fees and such other fees as provided in §3.9, in each case when due pursuant to §3.9, with respect to each of the Existing Letters of Credit.
Transitional Letters of Credit. Schedule 3.2 contains a schedule of certain letters of credit issued for the account of the Borrower prior to the Initial Funding Date (the “Transitional Letters of Credit”), all of which have been issued pursuant to the Existing Credit Agreement. Subject to the satisfaction of the conditions contained in Sections 5.1 and 5.2, from and after the Initial Funding Date such letters of credit shall be deemed to be Letters of Credit issued by an Issuing Bank pursuant to this Article III for all purposes hereunder. For purposes of clarification, each term or provision applicable to the issuance of a Letter of Credit (including conditions applicable thereto) shall be deemed to include the deemed issuance of the Transitional Letters of Credit on the Initial Funding Date.
Transitional Letters of Credit. Schedule 4.7 contains a list of certain letters of credit issued prior to the Closing Date for the account of the Borrowers by Bank of America in its capacity as the issuing bank under the Existing Credit Agreement (the "Existing Letters of Credit"). On the Closing Date, (a) the Existing Letters of Credit shall be deemed to be Letters of Credit issued pursuant to this Section 4 and shall be subject to all of the provisions applicable to Letters of Credit under this Credit Agreement, including, without limitation, such provisions as relate to the Letter of Credit Participations of the Revolving Lenders, and (b) all liabilities of any Borrower with respect to the Existing Letters of Credit shall constitute Obligations of such Borrower with respect to Letters of Credit in accordance with this Credit Agreement and the Loan Documents as though such Borrower had executed a Letter of Credit Application with respect thereto under this Credit Agreement. On the Closing Date, the letter of credit fees owing with respect to the Existing Letters of Credit under Section 2.10(c) of the Existing Credit Agreement shall be calculated and paid in full to FRG as administrative agent under the Existing Credit Agreement. From and after the Closing Date, the Borrowers shall pay Letter of Credit Fees and such other fees as provided in Section 4.6, in each case when due pursuant to Section 4.6, with respect to each of the Existing Letters of Credit.
Transitional Letters of Credit. Schedule 2.10(l) contains a list of certain letters of credit issued for the account of the Borrowers by the Issuing Bank prior to the Effective Date. On the Effective Date, (a) such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Section 2.10, and (b) all liabilities of any Borrower with respect to such letters of credit shall constitute Obligations of such Borrower with respect to Letters of Credit in accordance with this Agreement and the Loan Documents as though such Borrower had executed an application with respect thereto under this Agreement. On and after the Effective Date, the Borrowers shall pay Letter of Credit Fees and such other fees as provided in the second sentence of Section 2.10(c), in each case when due pursuant to Section 2.10(c), with respect to each Letter of Credit set forth on Schedule 2.10(l).
Transitional Letters of Credit. Schedule 4.7 contains a list of certain letters of credit issued prior to the Effective Date for the account of the Borrowers by Bank of America in its capacity as the issuing bank under the Existing Credit Agreement (the “Existing Letters of Credit”). On the Effective Date, (a) the Existing Letters of Credit shall be deemed to be Letters of Credit issued pursuant to this §4 and shall be subject to all of the provisions applicable to Letters of Credit under this Credit Agreement, including, without limitation, such provisions as relate to the Letter of Credit Participations of the Lenders, and (b) all liabilities of any Borrower with respect to the Existing Letters of Credit shall constitute Obligations of such Borrower with respect to Letters of Credit in accordance with this Credit Agreement and the Loan Documents as though such Borrower had executed a Letter of Credit Application with respect thereto under this Credit Agreement. On the Effective Date, the letter of credit fees owing with respect to the Existing Letters of Credit under §4.6 of the Existing Credit Agreement shall be calculated and paid in full to Bank of America as administrative agent under the Existing Credit Agreement. From and after the Effective Date, the Borrowers shall pay Letter of Credit Fees and such other fees as provided in §4.6, in each case when due pursuant to §4.6, with respect to each of the Existing Letters of Credit.
Transitional Letters of Credit. Schedule 3.2 contains a schedule of certain letters of credit issued for the account of the Company or one of its Subsidiaries prior to the Restatement Effective Date. Subject to the satisfaction of the applicable conditions contained in Article V, from and after the Restatement Effective Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article III for all purposes hereunder (each such Letter of Credit, a “Transitional Letter of Credit”). For purposes of clarification, each term or provision applicable to the issuance of a Letter of Credit (including conditions applicable thereto) shall be deemed to include the deemed issuance of the Transitional Letters of Credit on the Restatement Effective Date.
Transitional Letters of Credit. §3.10. Letter of Credit Fee
Transitional Letters of Credit. TO BE COMPLETED BY COMPANY LETTER OF EXPIRY OUTSTANDING CREDIT NO. ISSUER APPLICANT DATE BENEFICIARY BALANCE SB 00399 Barclays NiSource Insurance Corp. 7/1/2011 Ace American Insurance Company $ 11,273,024 SB 00116 Barclays NiSource Insurance Corp. 3/15/2011 Travelers Indemnity Co. $ 2,500,000 SB 00246 Barclays NiSource Insurance Corp. 3/15/2011 Employers Insurance of Wausau a Mutual Company $ 400,000 SCHEDULE 6.01(e) EXISTING AGREEMENTS Receivables Purchase Agreements and Receivables Sales Agreement of (a) Columbia Gas of Ohio Receivables Corporation, (b) Columbia Gas of Pennsylvania Receivables Corporation, (c) NIPSCO Accounts Receivables Corporation and (d) any renewal, modification, extension or replacement of the above, in each case, to provide for receivables financings upon terms and conditions not materially more restrictive on the Guarantor and its Subsidiaries, taken as a whole, than the terms and conditions of such renewed, modified, extended or replaced facility.
Transitional Letters of Credit. Schedule 2.19.13 contains a schedule of certain Letters of Credit issued for the account of the Borrower prior to the date of this Agreement pursuant to the Existing Credit Agreement. Subject to the satisfaction of the applicable conditions contained in Section 4.1, from and after the date of this Agreement such Letters of Credit shall be deemed to be Facility LCs issued pursuant to this Section 2.19 for all purposes hereunder. For purposes of clarification, each term or provision applicable to the issuance of a Facility LC shall be deemed to include the deemed issuance of the Letters of Credit listed on Schedule 2.19.13.
