Revolving Letter of Credit definition

Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.
Revolving Letter of Credit means any letter of credit issued pursuant to Section 2.05.
Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

Examples of Revolving Letter of Credit in a sentence

  • Each notice shall be executed by the Borrower, shall specify whether such letter of credit is to be a Revolving Letter of Credit or Term Letter of Credit and shall be in the form of Exhibit G, or such other form (including by electronic or fax transmission) as agreed between the Borrower, the Administrative Agent and the applicable L/C Issuer (each a “Letter of Credit Request”).


More Definitions of Revolving Letter of Credit

Revolving Letter of Credit is defined in clause (a) of Section 2.1.2.
Revolving Letter of Credit means any letter of credit issued pursuant to Section 2.05 for the purposes set forth in Section 5.01(e), which letter of credit shall be in form and substance reasonably acceptable to the applicable Issuing Bank, the Administrative Agent and the Borrower.
Revolving Letter of Credit means, at any time, each Letter of Credit outstanding at such time designated as a Revolving Letter of Credit pursuant to Section 2.05(a).
Revolving Letter of Credit means a Canadian Tranche Letter of Credit or a European Tranche Letter of Credit, as applicable.
Revolving Letter of Credit means (a) any Existing Revolving Letter of Credit and (b) any other letter of credit issued under the Revolving Credit Facility on or after the Closing Date. A Revolving Letter of Credit may be a commercial letter of credit or a standby letter of credit.
Revolving Letter of Credit at any time, any Letter of Credit that is not an Institutional Letter of Credit.
Revolving Letter of Credit means any Letter of Credit that is not a Synthetic Letter of Credit.