Existing LC Facility definition

Existing LC Facility means that certain Letter of Credit Facility Agreement dated as of March 14, 2006 among the Company, Validus Re, the other Designated Subsidiary Account Parties identified therein, the lenders party thereto, JPMorgan Chase Bank, National Association, as Administrative Agent and Issuing Agent thereunder, and Bank of America, N.A., The Bank of New York and Wachovia Bank, National Association, as Documentation Agents thereunder, as the same has been amended from time to time.

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Existing LC Facility means the Amended and Restated Letter of Credit and Reimbursement Agreement, dated as of August 12, 2003, by and among ARL, ARC and AIC, the lenders from time to time party thereto and Fleet National Bank, as agent and issuing lender, as amended by Amendment No.1, dated as of August 20, 2003, as amended by Amendment No. 2, dated as of August 10, 2004, and as further amended by Amendment No. 3, dated as of September 9, 2004.

Existing LC Facility means the Letter of Credit Facility Agreement dated as of March 7, 2014 among the Borrower, the LC participants and issuers party thereto and Barclays Bank PLC, as administrative agent (as amended, restated, modified, supplemented, renewed, replaced or refinanced in whole or in part, from time to time).

Examples of Existing LC Facility in a sentence

All capitalized terms not otherwise defined herein shall have the same meaning as in the Existing LC Facility Agreement.
This Amendment is subject to the provisions of Section 8.01 of the Existing LC Facility.
The Company agrees to pay on demand all costs and expenses of the LC Issuer in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the LC Issuer) in accordance with the terms of Section 8.04 of the Existing LC Facility.
Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing LC Facility.
Section 9.11 of the Existing LC Facility Agreement is hereby incorporated by reference, mutatis mutandis, as if it were fully set forth in this Amendment.
The Existing LC Facility is hereby amended by deleting Schedules I and III thereto in their entirety and replacing them, respectively, with Schedules I and III attached to this Amendment.
Subsection 2.01 of the Existing LC Facility is hereby amended by adding the phrase “, subject to the following proviso,” immediately after the phrase “each such Letter of Credit upon its Issuance to expire”.
Holdings, the Borrowers, the Required L/C Lenders, the Issuing Bank and the Agent have agreed to amend the Existing LC Facility Agreement.
Subsection 8.05 of the Existing LC Facility is hereby amended by deleting the phrase “obligations of the Account Parties now or hereafter” in the first sentence thereof and substituting in lieu thereof “obligations of such Account Party now or hereafter”.
For the avoidance of doubt, on and after the Effective Date, all fees and rates payable or accruing on or in respect of outstanding Existing Secured Fronted Letters of Credit shall be at the rates set forth in this Agreement and not at the rates set forth in the Existing LC Facility.

More Definitions of Existing LC Facility

Existing LC Facility means the Letter of Credit Facility Agreement, dated June 25, 2012, for AXA Financial (Bermuda) Ltd as original L/C borrower, with AXA as guarantor, with Citibank International PLC acting as Agent and with Citibank, N.A. acting as L/C agent, as amended by the Amendment Agreement, dated Febuary 7, 2013, among AXA Re Arizona Company as original L/C borrower, AXA as guarantor, Citibank International PLC as agent, Citibank, N.A. as L/C agent and others, as amended.

Existing LC Facility means that certain Four-Year Secured Letter of Credit Facility Agreement dated as of March 9, 2012 among the Company, Validus Re, Validus Re Americas, Ltd., the other Designated Subsidiary Account Parties identified therein, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended, restated, supplemented or otherwise modified prior to the Effective Date. “Existing LC Issuer” means JPMorgan Chase Bank, N.A. “Existing Lender” means a “Lender” under and as defined in the Existing LC Facility. “Existing Secured Fronted Letters of Credit” has the meaning provided in Section 2.17. “Existing Secured Several Letters of Credit” has the meaning provided in Section 2.18. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this 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 and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the rate calculated by the FRBNY based on such day’s federal funds transactions by depository institutions (as determined in such manner as the FRBNY shall set forth on its public website from time to time) and published on the next succeeding Business Day by the FRBNY as the federal funds effective rate. “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company. “Five-Year Unsecured Revolving Credit and Letter of Credit Facility” means the $85,000,000 unsecured revolving credit and letter of credit facility among the Company, Validus Re, various Designated Subsidiary Account Parties, JPMorgan Chase Bank, N.A., as administrative agent, and one or more lenders entered into on December 9, 2015, including the related collateral and security documents and other instruments and agreements executed in connection therewith, and amendments, renewals, replacements, refinancings and restatements to any of the foregoing (provided that the principal amount thereof shall not exceed $85,000,000 or, if increased in accordance with its terms, $150,000,000, plus reasonable refinancing costs, fees and expenses). “Foreign Currencies” means Agreed Currencies other than Dollars. “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency. “Foreign Currency Letter of Credit Outstandings” means...

Existing LC Facility has the meaning provided in Section 3.13(b).

Existing LC Facility means the Amended and Restated Continuing Agreement for Letters of Credit dated as of February 2, 2012 among the Parent, certain Subsidiaries of the Parent and Citibank, as the same may be amended, restated or otherwise modified from time to time.