Letter of Credit Accommodations

Example Definitions of "Letter of Credit Accommodations"
Letter of Credit Accommodations. All references to the term "Letter of Credit Accommodations" in the Loan Agreement and the other Financing Agreements and each such reference is hereby amended to mean, collectively, letters of credit and banker's acceptances issued with respect to drafts presented under letters of credit for the purchase of merchandise, and merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of Borrower or any Obligor or (b)... with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower or any Obligor of its obligations to such issuer, sometimes being referred to in the Loan Agreement or such other Financing Agreements individually as a "Letter of Credit Accommodation". View More
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