Existing Revolving Letters of Credit definition
Examples of Existing Revolving Letters of Credit in a sentence
The commitments of the lenders under the Existing Revolving Credit Agreement shall have been terminated, no extensions of credit or interest thereon shall be outstanding or other amounts be due and owing thereunder, and there shall not be outstanding any Existing Revolving Letters of Credit except for those shown on Schedule 2.24(l) hereto.
In addition, as of the Effective Date, each of the Existing Revolving Letters of Credit shall be deemed to be issued under this Agreement as a Revolving Letter of Credit.
All Existing Revolving Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be Revolving Letters of Credit and shall be subject to and governed by the terms and conditions hereof.