L/C Facility definition

L/C Facility means the letter of credit facility established pursuant to Article III.

L/C Facility means the letter of credit facility established pursuant to Article III hereof.

L/C Facility the L/C Commitments and the extensions of credit made thereunder.

Examples of L/C Facility in a sentence

• The Company further agrees to pay within 30 days after presentation of a statement of account all costs and expenses of the LC Issuer (including, without limitation, reasonable and documented fees and expenses of counsel), incurred in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of the LC Facility Documents, the Letters of Credit, and the other documents to be delivered hereunder and thereunder.

• Within 90 days following the Effective Date, deliver certified copies of the resolutions of the board of directors (or persons performing similar functions) of each Account Party (other than the Company) approving the Agreement and each of the LC Facility Documents to which it is or is to be a party and ratifying the execution of each of the LC Facility Documents, together with legal opinions delivered by legal counsel to each such Account Party, in form and substance satisfactory to the LC Issuer.

• On the Effective Date, any and all rights and obligations of the Debtors under the U.S. Bank L/C Facility Documents and the Currency Contracts shall vest in, or become the obligations of, the applicable Reorganized Debtors.

• All capitalized terms not otherwise defined herein shall have the same meaning as in the Existing LC Facility Agreement.

• An Issuing Bank or the LC Facility Issuing Bank, as applicable, shall, promptly following its receipt thereof, subject to the terms of the applicable Letter of Credit, examine all documents purporting to represent a demand for payment under a Letter of Credit.

More Definitions of L/C Facility

L/C Facility means the agreement of L/C Issuer to issue Letters of Credit subject to the terms and conditions and up to the maximum amounts and duration as set forth in Section 2.09 of the Credit Agreement.

L/C Facility means the letter of credit facility established pursuant to Article III. The L/C Facility is part of, and not in addition to, the Revolving Credit Facility.

L/C Facility means any facility related to the issuance of letters of credit, together with any documents entered into or otherwise related thereto (including any cash collateral and control agreements), as the same may be amended, amended and restated, supplemented or otherwise modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced, in whole or in part, from time to time.

L/C Facility means the letter of credit facilities established pursuant to Article III hereof.

L/C Facility means the letter of credit facility under the Dollar Tranche established pursuant to Section 2.3.

L/C Facility means a letter of credit facility of the type referred to in clause 5.

L/C Facility means the letter of credit facility, dated as of December 1, 2000, by and between the Company and Jamex Xxxtures, L.P., LJH Corporation, Robexx Xxxxxx, Xxn X. Xxxxxxx xx their designees or assigns providing for the issuance of $8.0 million of standby letters of credit in favor of Bank of America, N.A. as agent of the lenders under the Senior Credit Facility.