Specified Letters of Credit definition

Specified Letters of Credit means those Letters of Credit described on Schedule 2.03.

Specified Letters of Credit means, collectively, the Existing Letters of Credit set forth on Schedule 5.12.

Specified Letters of Credit any Letter of Credit issued on the Closing Date to “back-stop” letters of credit issued under the Existing Credit Agreement.

Examples of Specified Letters of Credit in a sentence

• The Assignor hereby agrees (i) that the Assignee has sole right to give instructions and make agreements, if applicable, with respect to the Specified Letters of Credit and the disposition of documents, and (ii) the Assignor has no right or claim against any Issuing Lender, any of its affiliates or subsidiaries, or any correspondent in respect of any matter arising in connection with any of the foregoing.

• Notwithstanding anything to the contrary in the foregoing or Section 6.02(d), the Existing Specified Letters of Credit shall be deemed to have been issued hereunder as “Letters of Credit”.

• On and after the Effective Date, the rights and obligations of the Assignee, with respect to the Specified Letters of Credit, shall be governed by the Credit Agreement and the other Credit Documents.

• The Lenders acknowledge that the First Lien Loans, First Lien Specified Letters of Credit, First Lien Specified Swap Agreements and First Lien Specified Cash Management Agreements and related obligations are secured by the Collateral, subject to the Intercreditor Agreement, and that the First Lien Obligations may be increased from time to time, including pursuant to the First Lien Incremental Facility or by amendment.

• The Borrower shall use commercially reasonable efforts, to the extent practicable, to cause the Letters of Credit (other than the Specified Letters of Credit) to be issued by the Issuing Lenders on a proportionate basis in accordance with their proportionate share of the Letter of Credit Commitments.

More Definitions of Specified Letters of Credit

Specified Letters of Credit means those letters of credit identified on Schedule 1.4A.

Specified Letters of Credit any letter of credit (a) issued for the account of any Group Member by any Lender or any affiliate of a Lender and (b) that has been designated by the relevant Lender and such Group Member, by written notice to the Administrative Agent prior to the issuance thereof, as a Specified Letter of Credit and with respect to which the Administrative Agent has confirmed to the relevant Lender sufficient availability pursuant to Section 7.2(i). Such designation shall not create in favor of such Lender or affiliate of a Lender any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party hereunder or under any Collateral Document.

Specified Letters of Credit means Letters of Credit, in an aggregate Face Amount not to exceed $2,000,000 at any time, which are issued before the date that is fifteen (15) days prior to the Expiration Date and have an expiry date after the Expiration Date.

Specified Letters of Credit means those Letters of Credit issued and outstanding as of the Eighth Amendment Effective Date and set forth on Schedule 1.01C-1 of the Credit Agreement.

Specified Letters of Credit means each of (i) that certain standby letter of credit with a face amount of $82,308.42 issued by Bank of America, N.A. in favor of Tesorería de la Federación and (ii) that certain standby letter of credit with a face amount of $371,748.05 issued by Bank of America, N.A. in favor of Tesorería de la Federación.

Specified Letters of Credit means Documentary L/Cs, in an aggregate Face Amount not to exceed $5,000,000 at any time, which are issued before the date that is fifteen (15) days prior to the Expiration Date and have an expiry date after the Expiration Date.”

Specified Letters of Credit means any letter of credit other than (i) letters of credit outstanding as of the Closing Date, including any renewals, extensions or replacements thereof, and (ii) letters of credit issued to support performance obligations and other operational contract or policy guarantees (but in any event, other than in respect of debt for borrowed money).