Letters of Credit Facility definition

Letters of Credit Facility shall have the meaning assigned to such term in Section 2.22(a).
Sample 1
Letters of Credit Facility the letter of credit facility established pursuant to the Credit Agreement.
Sample 1
Letters of Credit Facility means the letters of credit facility established under the Credit Agreement dated on or about the Issue Date, by and among the Company, as borrower, Parent and certain of the Company’s subsidiaries, as guarantors or co-borrowers, Xxxxx Fargo Foothill, Inc., as administrative agent, and the lenders named therein, including any notes, guarantees, collateral and security documents, instruments and agreements executed in connection therewith, and in each case as amended or Refinanced from time to time, including any agreement or agreements extending the maturity of, Refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement, and any successor or replacement agreement or agreements with the same or any other agents, creditor, lender or group of creditors or lenders.
Sample 1

Examples of Letters of Credit Facility in a sentence

  • Without limiting the generality of the foregoing, such obligations shall not be affected by any Default or Event of Default or by any subsequent reduction or termination of any Commitment of a Letters of Credit Facility Participant, and each payment by a Letters of Credit Facility Participant under this Section 2.22(d) shall be made without any offset, abatement, withholding or reduction whatsoever.

  • The applicable Issuing Bank will notify the Administrative Agent and each Letters of Credit Facility Participant of the amount, currency, and expiration date of each Letter of Credit it issues promptly upon issuance thereof.

  • From time to time, Borrower may, by notice to the Administrative Agent, designate as additional Issuing Banks one or more Letters of Credit Facility Participants, or such Letters of Credit Facility Participants’ Affiliates, that agree to serve in such capacity as provided below and are acceptable to the Administrative Agent.

  • Each Letters of Credit Facility Participant severally and not jointly agrees to purchase from each Issuing Bank, and each Issuing Bank hereby agrees to sell to each Letters of Credit Facility Participant, an undivided percentage participating interest, to the extent of its Pro Rata Percentage, in each Letter of Credit issued by, and Reimbursement Obligation owed to, such Issuing Bank in connection with a Letter of Credit.

  • The acceptance by a Letters of Credit Facility Participant or such Letters of Credit Facility Participant’s Affiliate of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form satisfactory to Borrower and the Administrative Agent, and shall be executed by such Letters of Credit Facility Participant or such Letters of Credit Facility Participant’s Affiliate, Bxxxxxxx, and the Administrative Agent.

  • Each reduction of the Letters of Credit Maximum Amount shall be made ratably among the Letters of Credit Facility Participants in accordance with their respective Letters of Credit Maximum Amount.

Related to Letters of Credit Facility

  • Letters of Credit as defined in Section 3.1(a).

  • 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).

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.