Letter of Credit Fees means, with respect to any Letter of Credit, the letter of credit commission set forth in Section 2.11(b) as well as customary fronting, administrative, issuance, amendment, payment and negotiation charges negotiated with the applicable Issuing Bank.
Letter of Credit Suspension Notice is defined in Section 2.4(b).
Lien means any mortgage, pledge, lien, encumbrance, charge, or security interest of any kind, granted or created to secure Indebtedness; provided, however, that, with respect to any prohibitions of Liens on Property, the following transactions shall not be deemed to create a Lien to secure Indebtedness: (i) production payments and (ii) liens required by statute and created in favor of U.S. governmental entities to secure partial, progress, advance, or other payments intended to be used primarily in connection with air or water pollution control.
Loan means any loan made by the Lenders to Borrower pursuant to this Agreement.
Loan Document means this Agreement, the Apache Guaranty until it has terminated in accordance with its terms, any APA Guaranty, any Borrowing Request, any Request for Letter of Credit, any Letter of Credit, any Assignment and Assumption, any Additional Borrower Counterparty, any Additional Borrower Termination Notice, any election notice, and the agreement with respect to fees described in Section 2.11(c), as such may be amended, restated, supplemented or otherwise modified from time to time.
Loan Parties means each Borrower and, until the termination of the Apache Guaranty in accordance with its terms, the Guarantor.
Material Adverse Effect means, as to any matter, that such matter could reasonably be expected to materially and adversely affect the assets, business, properties, condition (financial or otherwise) of APA and its Subsidiaries taken as a whole. No matter shall be considered to result, or be expected to result, in a Material Adverse Effect unless such matter causes APA and its Subsidiaries, on a consolidated basis, to suffer a loss or incur a cost equal to at least ten percent (10%) of Consolidated Tangible Net Worth.
Maturity Date the earliest of:
(a) the Original Maturity Date, or such other later date as may result from any extension requested by APA and consented to by some or all of the Lenders pursuant to Section 2.6;
(b) the date on which the Commitments and Letter of Credit Commitments are terminated in full or reduced to zero pursuant to Section 2.8; and
(c) the date on which the Commitments and Letter of Credit Commitments otherwise are terminated in full and reduced to zero pursuant to the terms of Section 4.1, Section 8.2 or Section 8.3.
Upon the occurrence of any event described in clause (b) or (c), the Commitments and Letter of Credit Commitments shall terminate automatically and without any further action.