LC Facility definition

LC Facility and together with the Credit Facility, the “Debt Facilities”). Immediately following the consummation of the transactions contemplated hereby, the Company will be in compliance in all material respects with the covenants set forth in the Debt Facilities. Immediately following the repayment of any Consideration as required under Section 9.7(b)(iii)(D) of the Credit Facility, the Company will be able to redraw amounts equal to at least such Consideration.

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LC Facility means that certain letter of credit facility agreement, dated as of March 7, 2014, as amended on September 15, 2016, among the Company, certain financial institutions party thereto from time to time as letter of credit participants and issuers, and Barclays Bank PLC, as administrative agent as amended, restated, or otherwise modified from time to time.

LC Facility means one or more Debt Facilities (including, without limitation, the Letter of Credit Facility) under which letters of credit, surety or performance bonds, bankers’ acceptances or similar instruments may be issued for the benefit of the Company and any Restricted Subsidiary, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time (and without limitation as to terms, conditions, covenants and other provisions and whether or not with the original administrative agent, banks, institutional lenders, purchasers, investors, trustees or agents).

Examples of LC Facility in a sentence

• This Agreement, together with all of the other LC Facility Documents and all certificates and documents delivered hereunder or thereunder, embodies the entire agreement of the parties and supersedes all prior agreements and understandings relating to the subject matter hereof.

• Each Credit Party agrees that nothing in this Agreement or any of the other LC Facility Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any LC Participant Party, on the one hand, and such Credit Party, its stockholders or its Affiliates, on the other.

• Any Guarantor disposed of, if such disposition is permitted by this Agreement, shall be automatically released from any of its obligations under the Guaranty, Stock Pledge Agreement or any other LC Facility Document to which it is a party, unless either immediately before or after giving effect to such release a Default or Event of Default has occurred and is continuing.

• The performance of any action by any Credit Party required or contemplated by any LC Facility Document is not restrained or enjoined (either temporarily, preliminarily or permanently).

• In the event of any conflict between the terms of this Agreement and any other LC Facility Document, the terms of this Agreement shall govern.

More Definitions of LC Facility

LC Facility means the LC Facility Commitments, the LC Facility Deposits and the provisions hereof relating to LC Facility Letters of Credit.

LC Facility means the letter of credit facility established under Section 2.1(c) of this Agreement pursuant to which the LC Issuer shall issue Letters of Credit for the account of a Borrower in accordance with this Agreement, and each Lender shall participate in LC Issuances in accordance with this Agreement.

LC Facility means (i) the NRG LC Facility, (ii) the Citibank LC Facility, and (iii) each other postpetition letter of credit facility on terms consistent with the Restructuring Support Agreement entered into by the Debtors and approved by the Bankruptcy Court during the Chapter 11 Cases.

LC Facility means the senior secured letter of credit facility evidenced by this Agreement and described in Section 2.5.

LC Facility means the subfacility for Letters of Credit established as part of the Commitments pursuant to Section 2.2.

LC Facility means a sub-facility established pursuant to Section 1.13 of this Agreement and described in Annex 2 and shall be considered utilization of the Maximum Facility Amount.

LC Facility that certain Uncommitted Line of Credit and Reimbursement Agreement, dated as of July 16, 2021, among New Fortress Energy Inc., as the borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto, and Natixis, New York Branch, as administrative agent and as collateral agent.