Lc Facility. Subject to the terms and conditions of this Agreement, the LC Lender hereby establishes in favour of the Borrowers as of the Effective Date a revolving credit facility (the “LC Facility”) in an amount not to exceed the LC Facility Amount.
Lc Facility. The “Closing Date” under and as defined in the LC Facility Credit Agreement shall have occurred.
Lc Facility. The Borrower shall repay to the Administrative Agent for the ratable account of the LC Facility Lenders on the LC Facility Termination Date the aggregate principal amount of the LC Facility Advances and all LC Facility Unreimbursed Amount Borrowings then outstanding.
Lc Facility. The LC Issuer agrees to establish the LC Facility for the benefit of the Borrowers, it being acknowledged and agreed that the Tranche A Lenders and the Tranche B Lenders shall participate in each LC Issuance in accordance with this Agreement. Subject to Section 2.13, all Tranche A Loans and Tranche B Loans shall be subject to identical treatment under this Agreement and the other Loan Documents (including as to maturity, interest, security, repayment, prepayment and voting rights) and shall possess the same attributes to the fullest extent permitted under Applicable Law. For the avoidance of doubt, the Security Interests granted pursuant to the Security Documents shall secure all Tranche A Loans and Tranche B Loans on a pari passu basis.
Lc Facility. Subject to the terms and conditions set forth herein, the Lenders agree to permit the issuance of Letters of Credit by the Issuing Bank in accordance with Section 2.05. Notwithstanding anything to the contrary herein, no Lender (other than Issuing Bank) shall be required to purchase participations in or reimburse draws under any Letter of Credit.
Lc Facility. As of the Effective Date, Revolving Loan Commitments of each LC Facility Lender in an amount equal to the amount set forth opposite such LC Facility Lender’s name under the heading “LC Facility Commitments” in Part B of Schedule 1 of the First Amendment were converted to LC Facility Commitments pursuant to and in accordance with the First Amendment.
Lc Facility. Section 2.3(a) of the Credit Agreement is hereby amended to read as follows:
Lc Facility. Sub-Limit: A maximum aggregate amount of SAR650,000,000/-. Letter of Credit: Sight, Usance, or Acceptance Term: Documents must be submitted under an LC within (12) Months of the date of opening of the relevant LC. Drafts which are drawn under or pursuant to a usance LC must become payable by no later than the date falling (12) Months after acceptance for LC door to door and acceptance not to exceed (12) months Fee: Issuing/Opening Fee: (0.25%) per annum payable in advance, subject to a minimum charge of SAR1,000/-. Acceptance Fee for usance LC: (0.25%) per annum payable in advance for the period commencing on the date of acceptance of a Draft and ending on its Maturity Date. subject to a minimum charge of SAR1,000/-. Amendment Fee: In accordance with the Bank’s standard tariff. Application Procedures: The Borrower must deliver an Application for the issuance of LC Local Charges: The Bank may, instead of issuing an LC itself, procure that such LC is issued by a local issuing bank, in which case the obligations of the Borrower under this Facilities Letter or any Application in respect of such LC shall extend to such LC and to any counter indemnity issued by the Bank in favour of the local issuing bank in connection therewith.
Lc Facility. Sub-Limit: A maximum aggregate amount of SAR350,000,000/-. Letter of Credit: Sight, Usance, or Acceptance Term: Documents must be submitted under an LC within (12) Months of the date of opening of the relevant LC. Drafts which are drawn under or pursuant to a usance LC must become payable by no later than the date falling (12) Months after acceptance for LC door to door and acceptance not to exceed (12) months Fee: Issuing/Opening Fee: (0.25%) per annum payable in advance, subject to a minimum charge of SAR1,000/-. Acceptance Fee for usance LC: (0.25%) per annum payable in advance for the period commencing on the date of acceptance of a Draft and ending on its Maturity Date. subject to a minimum charge of SAR1,000/-. Amendment Fee: In accordance with the Bank’s standard tariff.
Lc Facility. 1.2.1. Pre-Petition Letters of Credit;
