Facility Letter of Credit definition

Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

Facility Letter of Credit means a Letter of Credit issued hereunder.

Facility Letter of Credit means a Financial Letter of Credit or Performance Letter of Credit issued hereunder.

Examples of Facility Letter of Credit in a sentence

• The Administrative Agent shall promptly remit such Facility Letter of Credit Fees, when paid, to the other Lenders in accordance with their Percentages thereof.

• The estimation of carbon dioxide is based on equations that relate to the ionization equilibria of carbonates and water.

• In determining whether to pay under any Facility Letter of Credit, the Issuing Bank shall have no obligation relative to the Lenders other than to confirm that any documents required to be delivered under such Letter of Credit appear to have been delivered in compliance, and that they appear to comply on their face, with the requirements of such Letter of Credit.

• The Facility Letter of Credit Fee relating to any Facility Letter of Credit shall be due and payable in arrears in equal installments on the first Business Day of each month following the issuance of any Facility Letter of Credit and, to the extent any such fees are then due and unpaid, on the Maturity Date.

• At the time such request is made, the Borrower shall also provide the Agent with a copy of the form of the Facility Letter of Credit it is requesting be issued.

More Definitions of Facility Letter of Credit

Facility Letter of Credit means a Letter of Credit issued pursuant to Article IIA of this Agreement.

Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

Facility Letter of Credit means (i) any Existing Letter of Credit and (ii) any Letter of Credit (which, in the case of a Performance Letter of Credit, may be an Escrow Agreement) hereafter issued by an Issuing Bank for the account of the Borrower or another Loan Party in accordance with Article IV.

Facility Letter of Credit means a Letter of Credit issued pursuant to Article IIA of this Agreement, including those Letters of Credit, if any, listed on Schedule 8 attached hereto which were issued under the Original Credit Agreement and remain outstanding on the Agreement Execution Date.

Facility Letter of Credit means a Letter of Credit issued pursuant to Section 2.20.

Facility Letter of Credit means a Letter of Credit issued pursuant to Article III of this Agreement.

Facility Letter of Credit means a standby Letter of Credit issued by the Issuer pursuant to Section 2.4. Upon the satisfaction of the conditions to the initial Credit Extension set forth in Sections 4.1 and 4.3, each Letter of Credit issued under the Existing Credit Agreement shall be deemed for all purposes to be a Facility Letter of Credit issued hereunder and each Lender shall be deemed to hold a participation equal to its Pro Rata Share in such Facility Letter of Credit.