Existing LC definition
Existing LC see Section 3.1.
Existing LC means, collectively, the letters of credit issued by KeyBank under the Existing Credit Agreement outstanding on the Agreement Date set forth on Schedule ELC annexed hereto.
Existing LC means a letter of credit listed on the Existing LCs Schedule.
Examples of Existing LC in a sentence
For the purposes of this Agreement, the Existing LC shall be deemed issued pursuant to the terms of this Agreement and shall be considered a Letter of Credit under this Agreement, KeyBank shall be entitled to the various benefits of the Agent under this Agreement as issuer of the Existing LC and each Revolving Lender shall have the obligations set forth herein to KeyBank with respect to the Existing LC.
More Definitions of Existing LC
Existing LC means letter of credit number ▇▇▇▇▇▇▇▇▇ issued by Issuer for the account of the Borrower in favor of Southwest Power Pool.
Existing LC means letter of credit number S311250 issued by the Issuing Bank for the account of the Borrower with a current face amount $1,500,000 with an expiration date of May 1, 2012.
Existing LC means any LC issued before the Amendment Date.
Existing LC means, collectively, (a) that certain standby letter of credit # SM233167W in the amount of $27,242.00 issued by ▇▇▇▇▇ Fargo Bank, National Association, as successor to Wachovia Bank, National Association, for the account of the Borrower under the Existing Credit Agreement, and (b) the letters of credit issued by KeyBank under the Existing Credit Agreement outstanding on the Agreement Date set forth on Schedule ELC annexed hereto.
Existing LC shall have the meaning set forth in the recitals hereto.
Existing LC means that certain Standby Letter of Credit 00325804 issued by Bank One, NA for the benefit of Travelers and/o▇ ▇▇▇▇▇h Banking and Trust Company in the amount of $60,000,000.
Existing LC means the Letter of Credit issued by NBD Bank, N.A. for the benefit of ▇▇▇▇ Carbon, Inc. in the amount of $648,725 on March19, 1997.