Existing LOCs definition

Existing LOCs means the letters of credit described on Schedule III.
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Existing LOCs means the letters of credit described on Schedule III. “Facility” means the letter of credit facility established pursuant to this Agreement. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is
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Existing LOCs means letters of credit issued prior to the Amendment and Restatement Effective Date for the account of one or more of ESCO and its Consolidated Subsidiaries in the ordinary course of their business, not exceeding $10,000,000.00 in aggregate undrawn amount, identified on Schedule 1.01A.
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Examples of Existing LOCs in a sentence

  • Existing LOCs: The lender will not cancel or reduce any existing committed lines of credit to the borrower, except in an event of default.NOTE: This requirement does not prohibit the reduction or termination of uncommitted lines of credit, the expiration of existing lines of credit in accordance with their terms, or the reduction of availability under existing lines of credit due to changes in borrowing bases or reserves in asset-based or similar structures.

  • The Credit Parties have requested, and the Bank agrees that those certain Existing LOCs identified on Annex 1 to the Transfer Agreement (as such Annex 1 may be amended, supplemented or otherwise modified from time to time in the Bank’s sole discretion) are deemed to have been issued under this Agreement and not under the Existing Facility.


More Definitions of Existing LOCs

Existing LOCs as defined in the recitals.
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Existing LOCs means letters of credit issued prior to the Amendment and Restatement
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Existing LOCs means the letters of credit described on Schedule IV .
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Existing LOCs means, collectively, (a) the Letter of Credit No. CIS404152, in the stated amount of $350,000 with an expiration date of November 1, 2006 ("Existing Surety LOC"), (b) the Letter of Credit No. CIS403067, in the stated amount of $365,000 with an expiration date of January 5, 2006, and (c) the Letter of Credit No. CIS404444, in the stated amount of $264,000 with an expiration date of June 15, 2006.
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Related to Existing LOCs

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

  • Existing Loan means the loan identified on Exhibit H.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • Existing Loan Documents has the meaning given to the term “Loan Documents” in the Existing Credit Agreement.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

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

  • Existing Letters of Credit means each of the letters of credit issued under the Existing Credit Agreement outstanding on the Closing Date that are described on Schedule 1.01(b).

  • Existing Credit Agreement as defined in the recitals hereto.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.