LETTER OF CREDIT FACILITY AGREEMENT dated as of November 30, 2011 among EDUCATION MANAGEMENT LLC, EDUCATION MANAGEMENT HOLDINGS LLC, THE GRANTOR SUBSIDIARIES PARTY HERETO, VARIOUS LENDERS, and BANK OF AMERICA, N.A., as Administrative Agent, Collateral...Letter of Credit Facility Agreement • December 1st, 2011 • Education Management Corporation • Services-educational services • New York
This LETTER OF CREDIT FACILITY AGREEMENT (“Agreement”), dated as of November 30, 2011, is entered into by and among EDUCATION MANAGEMENT LLC, a Delaware limited liability company (“Company” or “Borrower”), EDUCATION MANAGEMENT HOLDINGS LLC, a Delaware limited liability company (“Holdings” or “Guarantor”), the Grantor Subsidiaries, the Lenders party hereto from time to time, and BANK OF AMERICA, N.A., as Administrative Agent (together with its permitted successors in such capacity, “Administrative Agent”), as Collateral Agent (together with its permitted successors in such capacity, “Collateral Agent”) and as Issuing Bank.
