Existing Credits definition

Existing Credits means the standby letters of credit listed on Schedule 1.01.

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Existing Credits means the letters of credit issued by Bank under the Existing Standby LC Agreement.

Existing Credits means the letters of credit issued by Bank under the Terminating Reimbursement Agreement.

Examples of Existing Credits in a sentence

The Existing Agreement(s) shall continue to apply to the Existing Credit(s) until all the Existing Credit(s) have been cancelled.
The Company undertakes, on CEP’s request, to take all reasonable steps to procure that any cancelled Existing Credit(s) are destroyed or returned to CEP.
Each Company undertakes, on CEP’s request, to take all reasonable steps to procure that any cancelled Existing Credit(s) are destroyed or returned to CEP.
All Existing Credits up to the respective amounts specified in Schedule 1.01 shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
All Existing Credits up to the respective amounts specified on Schedule 1.01-2 shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
The Fronting Fee shall accrue effective as of the Closing Date (including in respect of any Existing Credits effective as of such date), shall be calculated quarterly in arrears and shall be based upon the daily utilization for the relevant quarter with respect to each L/C Issuer as determined by such L/C Issuer.
The Company and the Issuer certify that Schedule 1.01 accurately and completely sets forth the Existing Credits.
Provider shall not be responsible for generating or marketing any such LCFS Existing Credits.
If Dispenser, at its sole option, determines to generate any such LCFS Existing Credits, it shall first obtain Provider’s specific written approval for all CARB filings affiliated therewith, the delivery of which shall not be conditioned, delayed or unreasonably withheld, to ensure alignment of all LCFS Credit filings for the CNG Facility.
Without limiting the generality of the foregoing, the Company, the Co-Obligors and each L/C Issuer (as to its Existing Credits) certify that (i) Schedule 1.01-2 accurately and completely sets forth whether such Existing Credit is a “financial” Credit or a “performance” Credit and (ii) the Allocated Shares of all Existing Credits issued by an L/C Issuer that constitute Allocated Letters of Credit.

More Definitions of Existing Credits

Existing Credits means that certain (1) standby letter of credit number NZS314605 issued on December 18, 1998 by you for the account of Applicant, (2) standby letter of credit number NZS401574 issued on June 20, 2001 by you for the account of Applicant, (3) standby letter of credit number ▇▇▇▇▇▇▇▇▇ issued on December 8, 2003 by you for the account of Applicant, and (4) standby letter of credit number NZS568994 issued on April 11, 2006 by you for the account of Applicant, as such Existing Credits may have been amended or replaced from time to time. “Guarantor” means any person or entity guaranteeing the payment and/or performance of any or all of Applicant’s obligations under or in connection with any L/C Document and/or any Loan Document. “Holding Company” means any company or other entity directly or indirectly controlling you. “L/C Document” means this Agreement, each Application, each Credit, and each Demand. “Loan Document” means each and any promissory note, loan agreement, security agreement, pledge agreement, guarantee or other agreement or document executed in connection with, or relating to, any extension of credit under which any Credit is issued. “Maximum Rate” means the maximum amount of interest (as defined by applicable laws), if any, permitted to be paid, taken, reserved, received, collected or charged under applicable laws, as the same may be amended or modified from time to time. “Negotiation Fee” means the fee, computed at the negotiation fee rate specified by you or specified in any Loan Document, charged by you on the amount of each Demand paid by you or any other bank specified by you when each Demand is paid. “Payment Office” means the office specified by you or specified in any Loan Document as the office where reimbursements and other payments under or in connection with any L/C Document are to be made by Applicant. “Prime Rate” means the rate of interest most recently announced within ▇▇▇▇▇ Fargo at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of ▇▇▇▇▇ Fargo’s base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof after its announcement in such internal publication or publications as ▇▇▇▇▇ Fargo may designate. “Property” means all forms of property, whether tangible or intangible, real, personal or mixed. “Rate of Exchange” means ▇▇▇▇▇ Fargo’s then current selling rate of exchange in San ...

Existing Credits means the credit facilities as specified in Appendix 1 and Appendix 2 of the Schedule; and “Schedule” means the schedule annexed hereto being the ‘Term Sheet’ in relation to the restructuring.

Existing Credits means all existing letters of credit issued under and pursuant to the Prior Credit Agreement, which letters of credit are described on SCHEDULE 1.1(B) to this Agreement.

Existing Credits means the aggregate amount outstanding or credit extended, as the case may be, at any time under the $440m Loan Agreement, the $55m/$45m Loan Agreement, the $44m Facility Agreement and the $28m Reimbursement Loan.