Existing Bonding Letter definition

Existing Bonding Letter means that certain letter dated as of March 3, 2017, provided by Travelers Casualty and Surety Company of America to the Borrower, and delivered to Oaktree prior to the Closing Date.
Sample 1
Existing Bonding Letter means that certain letter dated as of March 3, 2017, provided by Travelers Casualty and Surety Company of America to the Borrower, and delivered to Oaktree prior to the Closing Date. “Extraordinary Receipts” shall mean any payments received by a Loan Party or any of its Subsidiaries not in the ordinary course of business (and not consisting of proceeds described in Section 2.02(d)(i) )consisting of (a) proceeds of judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, (b) indemnity payments (other than to the extent such indemnity payments are (i) immediately payable to a Person that is not an Affiliate of a Loan Party or any of its Subsidiaries, or (ii) received by a Loan Party or any of its Subsidiaries as reimbursement for any payment previously made to such Person), and (c) any purchase price adjustment (other than a working capital adjustment) received in connection with any acquisition or purchase agreement. “FATCA” shall mean Sections 1471 through 1474 of the IRC, as of the date of this Loan Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code, or any intergovernmental agreement between a non-U.S. jurisdiction and the United States with respect to the foregoing. “Fee Letter” shall mean that certain fee letter agreement, dated as of March 8, 2017, by and between Oaktree and the Borrower. “Financial Covenants” shall have the meaning given such term in Section 6.17. “Financial Statements” shall mean, with respect to any accounting period for any Person, statements of operations, cash flows and, with respect to audited statements only, stockholder’s equity of such Person for such period, and a balance sheet of such Person as of the end of such period, setting forth in each case in comparative form figures for the corresponding period in the preceding fiscal year if such period is less than a full fiscal year or, if such period is a full fiscal year, corresponding figures from the preceding fiscal year, all prepared in reasonable detail and in accordance with GAAP, except, in the case of unaudited Financial Statements, for the absence of footnotes and normal year-end adjustments. Unless otherwise indicated, each reference to Financial Statements of any Person shall be deemed to refer to...
Sample 1

Examples of Existing Bonding Letter in a sentence

  • Borrower shall maintain, at all times, bonding capacity in an amount of not less than $1,000,000,000 (it is understood and agreed that compliance with the foregoing may be evidenced by delivery to Agent and the Lenders of a letter issued by a Bonding Company, which letter shall be in form and substance substantially consistent with the Existing Bonding Letter or any other form acceptable to the Required Lenders).

Related to Existing Bonding Letter

  • Equity Commitment Letter has the meaning set forth in Section 4.5.

  • Existing Bonds means the following obligations of Seller:

  • Existing Letter of Credit means each letter of credit previously issued (or deemed issued) for the account of the Borrower, the Company or any of their respective Subsidiaries under the Existing Credit Facilities that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01C.

  • Debt Commitment Letter has the meaning set forth in Section 6.6.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Commitment Letters has the meaning set forth in Section 4.5(b).

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Lender Fee Letter means each fee letter agreement that shall be entered into by and among the Borrower, the Servicer, the applicable Lender and its related Lender Agent in connection with the transactions contemplated by this Agreement, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Borrower LLC Agreement means the amended and restated limited liability company agreement of the Borrower, dated August 4, 2020, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Mandate Letter has the meaning ascribed to it in the Memorandum of Understanding between MOHLTC and the LHIN, and means a letter from the Minister to the LHIN establishing priorities in accordance with the Premier’s mandate letter to the Minister.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Existing Agreement has the meaning set forth in the recitals hereto.

  • Financing Commitment means documentation provided by a third party extending monies for the purpose of supporting the proposed Project in a manner that outlines the terms and conditions of borrowings, grants and other financing instruments. Terms and conditions should be reflective of terms under which all parties are willing to close and fund. There should be no Material Changes to stated terms without documented cause between the issuance of a commitment and closing. Material Changes must be submitted to ADOH for approval in accordance with Section 5.5 of this Plan.

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit B to the Guarantee and Security Agreement between the Collateral Agent and an entity that pursuant to Section 5.08 is required to become a “Subsidiary Guarantor” under the Guarantee and Security Agreement (with such changes as the Administrative Agent shall request consistent with the requirements of Section 5.08).