Existing U.S. Letters of Credit definition

Existing U.S. Letters of Credit means the U.S. Letters of Credit that are described on the notice from the Administrative Agent addressed to the Lenders dated as of the Closing Date, referencing this Agreement, titled “List of Existing Letters of Credit.”

Existing U.S. Letters of Credit means the issued and undrawn letters of credit issued by The Chase Manhattan Bank (n/k/a JPMorgan Chase Bank) on behalf of U.S. Borrower existing on the date of this Agreement and listed on Exhibit O attached hereto.

Existing U.S. Letters of Credit means, collectively, those outstanding letters of credit issued by SunTrust Bank for the account of any Loan Party as set forth in Schedule 2.5. Such letters of credit shall be deemed issued under the US Revolving Commitments pursuant to Section 2.5 as of the Closing Date.

Examples of Existing U.S. Letters of Credit in a sentence

• All Existing U.S. Letters of Credit 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 US Issuing Lender, the US Lenders and the US Borrower agree that effective as of the Effective Date, the Existing US Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement.

• Issuing Bank: Bank of America or any Affiliate of Bank of America, Société Générale (with respect to the Existing Canadian Letters of Credit and Existing U.S. Letters of Credit), any other Lender reasonably acceptable to the Lead Borrower and the Agent (such consent not to be unreasonably withheld or delayed by either party) who agrees to issue Letters of Credit, or any replacement issuer appointed pursuant to Section 2.2.5.

• Existing Letters of Credit: Existing Australian Letters of Credit, Existing Belgian Letters of Credit, Existing Canadian Letters of Credit, Existing Dutch Letters of Credit, Existing Norwegian Letters of Credit, Existing UK Letters of Credit and/or Existing U.S. Letters of Credit, as the context may require.

• As of the Closing Date, each of the Existing US Letters of Credit shall be deemed to have been issued under the US Revolving Commitments pursuant to this Section and each US Lender is deemed to have purchased a participation in all Existing US Letters of Credit in accordance with this Section 2.5.

More Definitions of Existing U.S. Letters of Credit

Existing U.S. Letters of Credit means the letters of credit issued by the US Issuing Lender under the Restated Agreement and which have not been terminated or expired and returned to the US Issuing Lender as of the Effective Date.

Existing U.S. Letters of Credit means the letters of credit listed on Schedule 2.06 hereto.

Existing U.S. Letters of Credit means the letters of credit described by date of issuance, letter of credit number, undrawn amount, name of beneficiary and date of expiry on Schedule 1.1.

Existing U.S. Letters of Credit means the Letters of Credit that were issued under the Existing Credit Agreement. In addition, Existing US Letters of Credit shall include the following letters of credit issued by Bank of America: (a) letter of credit number 3078785 in the amount of US $43,700,000 issued for the benefit of Agencia Nacional Do Petroleo, Gas Natural E Biocombustive is, with an expiration date of July 31, 2010, and (b) letter of credit number 3078786 in the amount of US $5,800,000 issued for the benefit of Agencia Nacional Do Petroleo, Gas Natural E Biocombustive is, with an expiration date of July 31, 2010.

Existing U.S. Letters of Credit means the letters of credit issued before the Effective Date under the Existing Ryerson Facility or the Existing Integris Facility in respect of which the Company, Integris or one of the Company’s other U.S. Subsidiaries is the account party, as such letters of credit are identified on part (a) of Schedule 2.20.

Existing U.S. Letters of Credit as defined in subsection 2.1(c).

Existing U.S. Letters of Credit means the Letters of Credit listed in Schedule 2.04, which were issued under the Existing US Credit Agreement.