Examples of PF Letter of Credit in a sentence
A PF Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each such PF Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the sum of the PF L/C Exposure and the outstanding PF L/C Loans shall not exceed the aggregate PF L/C Commitments and (ii) the aggregate PF L/C Exposure shall not exceed the aggregate Credit-Linked Deposits.
Each Existing Letter of Credit shall be deemed to be a PF Letter of Credit.
If the Borrower shall fail to specify whether any requested Letter of Credit is to be an RF Letter of Credit or a PF Letter of Credit, then the requested Letter of Credit shall be deemed to be a PF Letter of Credit unless the issuance thereof would not be permitted by the foregoing provisions of this paragraph, in which case it shall be deemed to be an RF Letter of Credit.
All PF Letter of Credit Facility Claims will be satisfied by a replacement letter of credit facility as part of the Debtors’ First Lien Exit Facility, or will otherwise be treated in a manner so as to render the Debtors’ obligations to holders of the PF Letter of Credit Facility Claims unimpaired or as otherwise agreed to by the holders of PF Letter of Credit Facility Claims.
Xxxxxx Title: First Vice President SCHEDULE I LIST OF LENDERS AND COMMITMENTS Lender Revolving Loan Commitment Term Loan Commitment PF Letter of Credit Commitment Credit Suisse First Boston $ 20,000,000.00 $ 109,364,000.00 $ 20,000,000.00 Deutsche Bank Trust Company Americas $ 20,000,000.00 $ 0 $ 0 Bear Xxxxxxx Corporate Lending Inc.
If the Borrower shall fail to specify whether any requested Letter of Credit is to be an RF Letter of Credit, a PF Letter of Credit or an Other PF Letter of Credit, then the requested Letter of Credit shall be deemed to be first, an Other PF Letter of Credit and then a PF Letter of Credit, in each case unless the issuance thereof would not be permitted by the foregoing provisions of this paragraph, in which case it shall be deemed to be an RF Letter of Credit.
The holders of PF Letter of Credit Facility Claims in Class 3 are entitled to vote to accept or reject the Plan.
Each Existing Letter of Credit shall be deemed to be a UF Letter of Credit or a PF Letter of Credit, in each case as set forth on Schedule 1.01(a).