Converting Letters of Credit definition
Converting Letters of Credit means each Letter of Credit issued under the Existing Credit Agreement and outstanding immediately prior to the Restatement Date.
Existing Letters of Credit means those certain letters of credit set forth on Schedule 1.01(d).
Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).
Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).
Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.
Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.