LOC Agreement definition

LOC Agreement means the Revolving Credit and Loan Agreement of even date between the Borrower and LOC Lender providing for the borrowing of the LOC, as the same may be amended, restated, assigned, modified, extended, renewed, replaced and/or substituted in the future.
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LOC Agreement means an agreement entered into by and between the Buyer and Raiffeisenbank for the purposes of the issuance of the Letters of Credit substantially in the form of Schedule 13 Part 1.
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LOC Agreement means the Insurance Letters of Credit Agreement dated 15 November 2001 (as amended and restated pursuant to the Amendment and Restatement Agreement) pursuant to which the Bank has agreed to issue LOCs in favour of Lloyd’s in respect of underwriting obligations of any of the Borrowers in Lloyd’s standard form or in favour of any of the Borrowers for reserving purposes, in substantially the form attached as Schedule 1 hereto;
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Examples of LOC Agreement in a sentence

  • All capitalized terms used herein and not otherwise expressly defined herein shall have the respective meanings given to such terms in the LOC Agreement.

  • All other provisions of the LOC Agreement shall continue to be in effect.

  • In the event of a dispute between the parties relating to this Extension or the A&R LOC Agreement, the prevailing party shall be entitled to all reasonable attorneys’ fees and costs incurred in connection with any trial, arbitration, or other proceeding as well as all other relief granted in any suit or other proceeding.

  • The parties acknowledge that the tax increment funds that comprise the DDA’s Debt Service Fund are held in a First National Bank account owned by the City and that, under the section of the LOC Agreement entitled “Conditions Precedent to an Advance,” the City must continue to hold such funds in a First National Bank account in order for the Line of Credit to remain in effect.

  • This Extension shall, together with the A&R LOC Agreement, constitute the entire agreement between the parties with regard to the subject matter hereof, superseding all prior agreements or understandings, whether written or oral, between the parties.

  • Any notice required or permitted hereunder shall be given in the manner provided in the subsection titled “Notices” in the LOC Agreement, the terms of which are incorporated herein by this reference.

  • Warrant Shares delivered to the Holder shall not contain any restrictive legend unless such legend is required pursuant to the terms of the LOC Agreement.

  • Each Guarantor hereby reaffirms and confirms the guaranty in favor of Lender under the LOC Agreement and acknowledges and agrees that the obligations under the guaranty are in full force and effect and that such Guarantor continues to unconditionally guarantee, and become directly liable to Lender for, the Guaranteed Obligations, as such Guaranteed Obligations may have been amended by this Agreement.

  • On the terms and subject to the conditions set forth herein, the Lender agrees to convert the entire Repayment Amount into shares of Common Stock (the “Conversion”) on a date that occurs within five (5) Business Days (as such term is defined in the LOC Agreement) of the Effective Date (the “Conversion Date”).

  • Except as expressly modified by this Extension, all of the other terms and provisions of the A&R LOC Agreement remain in full force and effect.