Examples of Outstanding Letters of Credit in a sentence
Participant also agrees to pay HCC at its standard consulting rate plus all expenses incurred for set up, handling, conversion and other services required for processing of information transmitted to HCC to satisfy the requirements of Section 2.2, above, unless a different fee arrangement with respect to such services is indicated on Exhibit "B".
Each Revolving Lender further agrees to participate in each such Outstanding Letter of Credit in an amount equal to its Pro Rata Share of the Stated Amount of such Outstanding Letters of Credit.
Each of Borrower, each Guarantor, each Lender and the Issuing Bank hereby agree that with respect to the letters of credit set forth on Schedule 2.3.4 (“Outstanding Letters of Credit”), for all purposes of this Agreement, such Outstanding Letters of Credit shall constitute Letters of Credit hereunder.
The amount of the Total Revolving Credit Commitment which shall be available to the Borrower as Advances shall be reduced by the aggregate amount of Outstanding Letters of Credit and Outstanding Swing Line Loans.
At the time of the inspection, the average production flow for Smith Ranch Highland was 10,534 gallons per minutes for calendar year 2016 and for 2017 year to date, the average production flow was 7,767 gallons per minutes.