Definition of Term Letter of Credit Obligations

  1. Term Letter of Credit Obligations means (a) prior to the Fifth Amendment Date, the Term Letter of Credit Commitment plus the amount of all outstanding Term Letters of Credit; and (b) on and after the Fifth Amendment Date, the aggregate undrawn amount available to be drawn under all outstanding Continuing Term Letters of Credit plus all drawn and unreimbursed amounts, fees and all other obligations and liabilities under or relating to all Continuing Term Letters of Credit.

Examples of Term Letter of Credit Obligations in a sentence

  1. Pursuant to the Cash Collateral Agreement, each Borrower has granted to the Administrative Agent and the Collateral Agent for the benefit of the Secured Parties a first priority security interest in its rights and interests in the Cash Collateral Account to secure the Term Letter of Credit Obligations of the Borrowers under this Section 2.10 and the Loan Documents.

Definition of Term Letter of Credit Obligations in Amendment to Term Credit Agreement

Term Letter of Credit Obligations means (a) prior to the Fifth Amendment Date, the Term Letter of Credit Commitment plus the amount of all outstanding Term Letters of Credit; and (b) on and after the Fifth Amendment Date, the aggregate undrawn amount available to be drawn under all outstanding Continuing Term Letters of Credit plus all drawn and unreimbursed amounts, fees and all other obligations and liabilities under or relating to all Continuing Term Letters of Credit.