LOC Agreements definition

LOC Agreements collectively, means this Agreement, the Five Year Series B LOC Agreement, the Eight Year LOC Agreement, any Other Allocated Agreement and any other letter of credit and term loan agreement among the Company and certain of its Subsidiaries as co-obligors, Bank of America and/or JPM, as administrative agent and/or as letter of credit issuer(s), and the lenders party thereto. For the avoidance of doubt, the Credit Agreement does not constitute an LOC Agreement for purposes of this definition.
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LOC Agreements has the meaning specified in the Recitals of this Indenture.
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LOC Agreements mean, collectively, (a) the Credit Agreement, dated July 18, 2007, by and between the Company, SCPIE Indemnity Company, American Healthcare Indemnity Company and American Healthcare Specialty Insurance Company, on one hand, and Union Bank of California, on the other hand; and (b)(i) the Amended and Restated Facility Letter, dated June 28, 2005, by and between the Company, SCPIE Indemnity Company, American Healthcare Indemnity Company, American Healthcare Specialty Insurance Company and SCPIE Underwriting Limited, on one hand, and ▇▇▇▇▇▇▇ Bank PLC, on the other hand; and (ii) the Insurance Letters of Credit Agreement, dated as of June 28, 2005, by and between the Company, SCPIE Indemnity Company, American Healthcare Indemnity Company, American Healthcare Specialty Insurance Company and SCPIE Underwriting Limited, on one hand, and ▇▇▇▇▇▇▇ Bank PLC, on the other hand, each as amended, modified or supplemented from time to time.
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Examples of LOC Agreements in a sentence

  • THIS INDENTURE WITNESSETH, that, in consideration of the premises and of the exchange of the Original Notes pursuant to the Exchange Offer and the obligations under the LOC Agreements pursuant to the Bank Exchange, in each case, for the Notes, and in order to secure the payment of the principal of and interest on the Notes and the performance of the covenants therein and herein contained and to declare the terms and conditions on which such Notes are secured, Funding Corp.

  • As security for the prompt and punctual payment and performance of all Indebtedness (as defined below) of the Company to the Secured Party when and as due under the LOC Agreements, the Company hereby grants to the Secured Party a security interest in the Collateral (as defined below).

  • Except as specifically amended and modified by this Amendment, all terms, conditions, covenants and agreements set forth in the LOC Agreements shall remain in full force and effect.

  • Section 8 of each of the LOC Agreements is hereby amended and restated to read in its entirety as set forth below “Share Conversion.

  • For purposes of this Agreement, “Indebtedness” means all obligations and liabilities of the Company to the Secured Party under the LOC Agreements.

  • Except as specifically amended and modified by this Amendment, all terms, conditions, covenants and agreements set forth in each of the LOC Agreements shall remain in full force and effect.