Letters of Credit Outstanding. All Commitment Fees shall be payable in arrears on the first day of each April, July, October and January after the date hereof and on the Expiration Date or upon acceleration of the Loans.
Letters of Credit Outstanding. Those certain letters of credit listed on Appendix A.
Letters of Credit Outstanding. All Revolving Credit Commitment Fees shall be payable in arrears on the first Business Day of each July, October, January and April after the date hereof and on the Revolving Credit Expiration Date or upon acceleration of the Notes.
Letters of Credit Outstanding. The Borrower shall pay to the Agent for the ratable account of the Lenders a letter of credit fee for the Letters of Credit issued hereunder at a rate per annum equal to the Applicable L/C Fee as from time to time in effect per annum on the maximum amount of the Letters of Credit from time to time outstanding, such fee to be paid quarterly in arrears on the last day of each September, December, March and June in each year (commencing June 30, 1996) and on the Revolving Credit Termination Date.
Letters of Credit Outstanding. All Commitment Fees shall be payable in arrears on the last Business Day of each October, January, April and July after the date hereof and on the Expiration Date or upon acceleration of the Notes.
Letters of Credit Outstanding on the Revolving Loan Maturity Date. ----------------------------------------------------------------- In the event that any Letter of Credit Obligation, whether or not then due or payable, shall for any reason be outstanding on the Revolving Loan Maturity Date, Borrower will either (i) cause the underlying Letter of Credit to be returned and canceled and Letter of Credit Bank's corresponding Letter of Credit Obligation to be terminated, or (ii) pay to Agent, for the benefit of Revolving Lenders, cash in an amount equal to the maximum amount then available to be drawn
Letters of Credit Outstanding. 06/04/2003 In Favor of Barclay's Bank, expiring May 21, 2004, for an aggregate face amount of L39,000 (approximately $64,350) for the benefit of Parry Power Systems Limited.
Letters of Credit Outstanding that (i) have not been Cash Collateralized in a manner reasonably satisfactory or (ii) have not had other arrangements made with respect to them that are reasonably satisfactory, in each case, to the applicable L/C Issuer.
Letters of Credit Outstanding. BORROWER confirms to LENDER that, as of the opening of business on the date hereof, there were no Letters of Credit outstanding under the 2003 Loan Agreement.
Letters of Credit Outstanding on the Revolving Loan Maturity Date. ----------------------------------------------------------------- In the event that any Letter of Credit Obligation, whether or not then due or payable, shall for any reason be outstanding on the Revolving Loan Maturity Date, Borrower will either (i) cause the underlying Letter of Credit to be returned and canceled and Letter of Credit Bank's corresponding Letter of Credit Obligation to be terminated, or (ii) pay to Agent, for the benefit of Revolving Lenders, cash in an amount equal to the maximum amount then available to be drawn under the Letter of Credit. Such cash shall be held by Agent in a cash collateral account (the "Cash Collateral Account") which shall be in the name, sole dominion and control of Agent (as a cash collateral account) for the benefit of Revolving Lenders and subject to the terms of this Section 2.1. Borrower agrees to execute and deliver to Agent such documentation with respect to the Cash Collateral Account as Agent may request, and Borrower hereby pledges and grants to Agent a security interest in all such cash held in the Cash Collateral Account from time to time and all interest thereon and the proceeds thereof, as additional security for the payment of all amounts due in respect of the Letter of Credit Obligations, whether or not then due.
