Revolving Letters of Credit definition

Revolving Letters of Credit means any letter of credit issued by the Revolving Issuing Lender pursuant to Section 2.2(a), as such letter of credit may be amended, modified, extended, renewed or replaced from time to time.

Revolving Letters of Credit shall have the meaning specified in Section 7.

Revolving Letters of Credit as defined in Section 3.1(a).

Examples of Revolving Letters of Credit in a sentence

• After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of such Issuing Bank under this Agreement with respect to Revolving Letters of Credit issued by it prior to such replacement but shall not be required to issue additional Revolving Letters of Credit.

• From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Revolving Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.

• The automatic conversion of the DIP Revolving Credit Loans, DIP Term C Loans, DIP Term Letters of Credit, DIP Revolving Letters of Credit and DIP Term Loans into Loans and Letters of Credit hereunder, is subject to the satisfaction in all material respects or waiver by the Requisite DIP Roll Lenders of the conditions precedent set forth in this Section 6 (such date, the “Conversion Date”).

• The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit).

• Each Revolving Credit Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Revolving Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

More Definitions of Revolving Letters of Credit

Revolving Letters of Credit means, at any time, any Letter of Credit issued pursuant to Section 2.05 of this Agreement, other than Tranche A Letters of Credit.

Revolving Letters of Credit means the Letters of Credit issued pursuant to Section 2.04(a)(i).

Revolving Letters of Credit means the Letters of Credit issued or to be issued by Issuing Lender for the account of Borrower pursuant to subsection 3.1A(1) for the purpose of supporting obligations of Borrower and or any of its Subsidiaries in the ordinary course of business of Borrower or such Subsidiary.

Revolving Letters of Credit. Letters of Credit issued and deemed to be issued under the Revolving Facility.

Revolving Letters of Credit means the letters of credit issued pursuant to Section 2.24.

Revolving Letters of Credit has the meaning specified in Section 2.04(h).

Revolving Letters of Credit means any Letter of Credit that is not a Synthetic Letter of Credit.