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Existing Letters of Credit
Existing Letters of Credit contract clause examples
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Existing Letters of Credit” means # the “Existing Letters of Credit” as defined in the Existing CAPL Credit Agreement and # the letters of credit issued or deemed issued under the Existing JKM Credit Agreement and listed on [Schedule 1.01(B)].

"Existing Letters of Credit" means the letters of credit under the Existing Facility outstanding on the date of this Agreement and which are listed in [Schedule 8] (Existing Letters of Credit).

New Letters of Credit. So long as any Revolving Credit Lender is a Defaulting Lender, no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto (determined after giving effect to [Section 2.15(a)(v)] and any cash collateral provided by such Defaulting Lender).

Each trade letter of credit issued for the benefit of any Loan Party shall be processed for payment by the [[Organization B:Organization]] or another [[Organization C:Organization]] acceptable to the [[Organization B:Organization]] in its absolute discretion.

Existing Letters of Credit” means those certain letters of credit set forth on [Schedule 1].01B.

“Letters of Credit” means the collective reference to letters of credit issued pursuant to Section 3.1 and the Existing Letters of Credit. Letters of Credit may be issued in Dollars or an Alternative L/C Currency.

The Existing Credit Agreement is amended in its entirety to delete the stricken text (indicated textually in the same manner as the following example: stricken text or stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: double-underlined text or double-underlined text), in each case, as set forth on the pages of the Existing Credit Agreement in the form of Annex A attached hereto (the Existing Credit Agreement, as so amended, the “Amended Credit Agreement”).

Effective as of the Amendment Closing Date, # the Existing Credit Agreement is hereby amended by this Agreement and for ease of reference restated (after giving effect to this Agreement) in the form of [Schedule A] hereto, and # the reference to “Eurodollar Rate Loans” in [Exhibit 2.02] to the Existing Credit Agreement is hereby amended to read “[Term SOFR Loans][CDOR Rate Loans]”. Except as expressly set forth above and therein, all Schedules and Exhibits to the Existing Credit Agreement will continue in their present forms.

Termination of Existing Credit Agreement. Receipt by the Domestic Administrative Agent of evidence that the Existing Credit Agreement has been terminated.

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