Multicurrency Letters of Credit definition

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

Multicurrency Letters of Credit means, collectively, all Commercial Letters of Credit and Multicurrency Standby Letters of Credit, in each case, issued pursuant to Section 2.10(a)(i) or listed on Schedule 2.10(j), and “Multicurrency Letter of Credit” means any one of such Letters of Credit.

Multicurrency Letters of Credit has the meaning specified in Section 2.01(b).

Examples of Multicurrency Letters of Credit in a sentence

• In the case of any such request with respect to the making of Multicurrency Revolving Credit Loans that are Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Multicurrency Revolving Credit Lenders; and in the case of any such request with respect to the issuance of Multicurrency Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

• Multicurrency Letters of Credit shall be denominated only in Dollars or an Alternative Currency.

• Multicurrency Letters of Credit may be denominated in US Dollars or in one or more Alternate Borrowing Currencies.

• The water surface profile (in the absence of the structure) can be estimated by backwater analysis and subtracted from the measured profile to determine the afflux.

• The Parent Borrower may from time to time cause any Foreign Subsidiary to become eligible to borrow Multicurrency Revolving Loans or Multicurrency Swingline Loans under Sections 2.01(d) and 2.04(a) or to have Multicurrency Letters of Credit issued for its account under Section 2.05 by delivering to the Administrative Agent an Election to Participate with respect to such Foreign Subsidiary.

More Definitions of Multicurrency Letters of Credit

Multicurrency Letters of Credit means Letters of Credit denominated in an Agreed Foreign Currency.

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Loan denominated in Dollars or an Agreed Foreign Currency. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “National Currency” means the currency, other than the Euro, of a Participating Member State.

Multicurrency Letters of Credit means, collectively, all Standby Letters of Credit and Bank Guarantees, in each case issued under the Multicurrency Revolving Facility and otherwise pursuant to the terms of this Agreement.

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Syndicated Loan or Swingline Loan denominated in an Agreed Foreign Currency.

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Loan denominated in Dollars or an Agreed Foreign Currency under the Multicurrency Commitments. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA which the Borrower or any ERISA Affiliate has or within the preceding six years had any obligation to make any contributions. “National Currency” means the currency, other than the Euro, of a Participating Member State. “Net Cash Proceeds” means: (a) with respect to any Disposition by the Borrower or any Subsidiary Guarantor, or any Extraordinary Receipt received or paid to the account of the Borrower or any Subsidiary Guarantor (in each case, which requires a payment of the Loans under Section 2.10(d)), an amount equal to (a) the sum of cash and Cash Equivalents received in connection with such transaction (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) minus (b) the sum of (i) the principal amount of any Indebtedness that is secured by the applicable asset and that is required to be repaid in connection with such transaction (other than Indebtedness under the Loan Documents), (ii) the reasonable out-of-pocket fees, costs and expenses incurred by the Borrower or such Subsidiary in connection with such transaction, (iii) the taxes paid or reasonably estimated to be actually payable within two years of the date of the relevant transaction in connection with such transaction; provided that, if the amount of any estimated taxes pursuant to this clause (iii) exceeds the amount of taxes actually required to be paid in cash in respect of such Disposition, the aggregate amount of such excess shall constitute Net Cash Proceeds (as of the date the Borrower determines such excess exists), (iv) any reasonable costs, fees, commissions, premiums and expenses incurred by the Borrower or any of its Subsidiaries in connection with such Disposition and (v) reserves for indemnification, purchase price adjustments or analogous arrangements either (x) required by underlying documentation for such Disposition or (y) reasonably estimated by the Borrower or the relevant Subsidiary in connection with such Disposition; provided that, if the amount of any estimated reserves pursuant to this clause (v)

Multicurrency Letters of Credit as defined in subsection 3.1(c).

Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments. “Multicurrency Loan” means a Loan denominated in Dollars or an Agreed Foreign Currency. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.