Rollover Letters of Credit the letters of credit identified on Schedule 1.1C.
Rollover Letters of Credit means all letters of credit set forth on Schedule 1.1(R) which were issued by the financial institution listed on Schedule 1.1(R) under the Prior Loan Agreement prior to the date hereof upon the application of a Loan Party and are outstanding on the Closing Date. SEC shall mean the Securities and Exchange Commission or any governmental agencies substituted therefor.
Rollover Letters of Credit mean those irrevocable standby letters of credit issued on the Initial Borrowing Date by Facing Agent pursuant to Section 2.9(a) substantially in the form of Exhibit 1.1(a) hereto in the Stated Amounts and for the beneficiaries set forth on Schedule 1.1(b) hereto, and issued for the account of Borrowers to be drawn upon in satisfaction of Holdings' and LISN, Inc.'s obligations owing to the Persons listed on Schedule 1.1(b) hereto under the Put and Call Agreements.
Examples of Rollover Letters of Credit in a sentence
Each of the Rollover Letters of Credit which is a Commercial Letter of Credit shall be deemed to have been issued hereunder on the Closing Date by the issuing bank identified on Schedule 1.1(R) as the Issuing Letter of Credit Bank.
Each of the Rollover Letters of Credit shall be deemed to be a Letter of Credit for all purposes of this Agreement.
Each of the Rollover Letters of Credit which is a Standby Letter of Credit shall be deemed to have been issued hereunder on the Closing Date by the Administrative Agent.
Each of the Rollover Letters of Credit which is a US Standby Letter of Credit shall be deemed to have been issued hereunder on the Closing Date by the Administrative Agent.
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More Definitions of Rollover Letters of Credit
Rollover Letters of Credit means the letters of credit described on Schedule 2.1.3. (b) The definitions of "Applicable Rate", "Business Day", "CBFR", "Consolidated EBITDA", "Domestic Borrowing Base", "Domestic Issuing Bank", "Interest Period", and "Maturity Date" set forth in Section 1.01 of the Credit Agreement are each hereby amended and restated in its entirety as follows: "Applicable Rate" means, for any day, with respect to any CBFR Loan, CP Loan, USBR Loan, CDOR Rate Loan, Eurodollar Loan or Overnight LIBO Rate Loan, as the case may be, the applicable rate per annum set forth below under the caption "CBFR REVLIBOR30 Spread", "CP Spread", "USBR Spread", "CDOR Spread", "Eurodollar Spread", "CBFR CB Floating Rate Spread" or "Overnight LIBO Rate Spread," as the case may be: Domestic Revolving Loan CBFR RevLibor30 Spread Domestic Canadian and European Revolving Loan Eurodollar Spread Canadian Revolving Loan CDOR Spread Overnight LIBO Rate Spread Canadian Revolving Loan USBR Spread Domestic Revolving Loan CBFR CB Floating Rate Spread Canadian Revolving Loan CP Spread 1.20% 1.20% 1.20% 1.20% -0.30% -1.55% -0.30% "Business Day" means any day that is not a Saturday, Sunday or other day on which commercial banks in Chicago, Toronto, London or Dublin are authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan or a Loan accruing interest at REVLIBOR30 Rate without giving effect to the proviso contained in the definition for "REVLIBOR30 Rate", the term "Business Day" shall also exclude any day on which banks are not open for dealings in Dollar, Euro or Sterling deposits, as applicable, in the London interbank market (and, in relation to any date for payment or purchase of Euro, the term "Business Day" shall also exclude any day on which the TARGET2 payment system is not open for the settlement of payment in Euro). "CBFR", when used in reference to: (a) a rate of interest, refers to the REVLIBOR30 Rate and (b) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the REVLIBOR30 Rate. "Consolidated EBITDA" means, for any period, Consolidated Net Income, plus, (a) without duplication and to the extent deducted in determining Consolidated Net Income for such period, the sum of: (i) Consolidated Interest Expense for such period; (ii) Consolidated Tax Expense for such period; (iii) all amounts attributable to depreciation and amortization expense for such...
Rollover Letters of Credit means all Rollover Letters of Credit under and as defined in the Senior Secured Credit Agreement as in effect on the Issue Date.
Rollover Letters of Credit means each of the letters of credit issued prior to the Closing Date under the Prior Credit Agreement and described by issuer, date of issuance, letter of credit number, undrawn amount and date of expiry on Schedule D hereto, including any modifications, extensions or renewals of any Rollover Letter of Credit.
Rollover Letters of Credit means Letters of Credit existing on the Filing Date to the extent the DIP Orders provide such Letters of Credit are to be part of this DIP Facility and that the reimbursement obligations, indemnification obligations, and other liabilities thereunder of Borrower constitute "Obligations" under this Agreement.
Rollover Letters of Credit means the Letters of Credit set forth on Exhibit 1.04
Rollover Letters of Credit the letter of credit or letters of credit described on Schedule 3.1 outstanding as of the Petition Date and issued under the Prepetition Credit Agreement.
Rollover Letters of Credit means all letters of credit set forth on Schedule 1.1(R) which were issued by the financial institution listed on Schedule 1.1(R) under the Prior Loan Agreement prior to the date hereof upon the application of a Loan Party and are outstanding on the Closing Date. SEC shall mean the Securities and Exchange Commission or any governmental agencies substituted therefor. Settlement Date shall mean any Business Day on which the Administrative Agent or Canadian Agent, as the case may be, elects to effect settlement pursuant to Section 4.11 [Settlement Date Procedures]. Shares shall have the meaning assigned to that term in Section 5.1.2 [Capitalization and Ownership]. Solvent shall mean, with respect to any Person on a particular date, that on such date (i) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (ii) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (iii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (iv) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person's ability to pay as such debts and liabilities mature, and (v) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person's property would constitute unreasonably small capital after giving due consideration to the prevailing practice in such Person's industry. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.