Designated Letters of Credit means letters of credit issued with respect to Mine reclamation, workers’ compensation and other employee benefit liabilities.
Designated Letters of Credit means each letter of credit issued by an Issuing Lender that (a) is not a Letter of Credit hereunder at the time of its issuance and (b) is designated on or after the Effective Date by Viacom or any Subsidiary Borrower, with the consent of such Issuing Lender, as a “Letter of Credit” hereunder by written notice to the Administrative Agent in the form of Exhibit B-6.
Designated Letters of Credit have the meanings specified in Section 2.03(c).
Examples of Designated Letters of Credit in a sentence
On the Closing Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by this Credit Agreement and the other Loan Documents, and the Designated Letters of Credit issued by any Issuing Lender for the account of the Company prior to the Closing Date shall be converted into Letters of Credit under this Credit Agreement.
More Definitions of Designated Letters of Credit
Designated Letters of Credit has the meaning assigned to such term in Section 3.11(b).
Designated Letters of Credit each letter of credit and/or bank guarantee designated on the Effective Date by the Borrower, with the consent of the issuer of such letter of credit, as a “Letter of Credit” hereunder in Schedule 3.1. The issuer of any such Designated Letter of Credit shall be deemed to be an Issuing Lender for the purposes hereof and shall have all the rights and be subject to all the limitations of an Issuing Lender hereunder.
Designated Letters of Credit as defined in Section 3.1(a).
Designated Letters of Credit means each letter of credit issued by an Issuing Lender that (a) is not a Letter of Credit hereunder at the time of its issuance and (b) is either (i) listed on Schedule 2.7 or (ii) designated on or after the Effective Date by CBS or any Subsidiary Borrower, with the consent of such Issuing Lender, as a “Letter of Credit” hereunder by written notice to the Administrative Agent in the form of Exhibit B-6.
Designated Letters of Credit means any letter of credit that (i) was originally issued by an Issuing Bank on a bilateral basis (not pursuant to this Agreement) for the account of a Designated Account Party and (ii) in respect of which the Company, the applicable Issuing Bank and the Administrative Agent have entered into a Designated Letter of Credit Agreement.
Designated Letters of Credit means a Designated Letter of Credit Facility Agreement and any letter of credit issued thereunder by a Lender or any Affiliate of a Lender, or a Person that upon the effective date of such letter of credit was a Lender or an Affiliate of such Lender (each a “Designated LC Lender”) for the benefit of the Borrower or any of the Subsidiaries.
Designated Letters of Credit means, collectively, (a) that certain letter of credit issued by HSBC on account of Borrower in the amount of $297,235.00 with Midland Loan Services as beneficiary, and (b) that certain letter of credit issued by HSBC on account of FormFactor Singapore Pte. Ltd. in the amount of 132,684.75 Singapore Dollars with Heptagon Micro Optics PTE LTD as beneficiary.