Examples of LC Credit Agreement in a sentence
The LC Credit Agreement is used for the issuance of bid and performance letters of credit of the Company and certain of its subsidiaries.
The applicable terms, interest rates and fees for borrowings under the LC Credit Agreement are the same as those presented in “Note 13 – Short-Term Borrowings and other Debt Obligations” in our 2019 Annual Report.
The Senior Secured Notes are secured by substantially all of the assets of the Company and the guarantors (on an effectively first-priority basis with respect to the priority collateral for the Senior Secured Notes, and on an effectively second-priority basis with respect to the priority collateral for the LC Credit Agreement, in each case, subject to permitted liens).
This would also pertain to the Mayor being able to advise the former CM relative to suing a member of the public and the likelihood of considerable opposition by other members of the public (and likely Council) in doingso.
As of September 30, 2020, we were in compliance with the covenants of the aforementioned indentures and the LC Credit Agreement.