Definition of Term Letters of Credit

  1. Term Letters of Credit means each of the letters of credit which was, on its original date of issuance, issued for the account of any Borrower or any of their Subsidiaries under the Term Credit Agreement prior to the termination of the "Commitments" (including, without limitation, the "Term Letter of Credit Commitment") under and as defined in the Term Credit Agreement.

Examples of Term Letters of Credit in a sentence

  1. 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).

Definition of Term Letters of Credit in Revolving Credit Agreement

Term Letters of Credit means each of the letters of credit which was, on its original date of issuance, issued for the account of any Borrower or any of their Subsidiaries under the Term Credit Agreement prior to the termination of the "Commitments" (including, without limitation, the "Term Letter of Credit Commitment") under and as defined in the Term Credit Agreement.