Letter of Credit Obligations. The words “Letter of Credit Obligations” shall mean, as of any applicable date of determination, the sum of the undrawn amount of any letter(s) of credit issued by Lender upon the application of and/or for the account of Grantor, plus any unpaid reimbursement obligations owing by Grantor to Lender in respect of any such letter(s) of credit.
Appears in 3 contracts
Samples: Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.)
Letter of Credit Obligations. The words “Letter of Credit Obligations” shall mean, as of any applicable date of determination, the sum of the undrawn amount of any letter(s) of credit issued by Lender upon the application of and/or for the account of GrantorBorrower, plus any unpaid reimbursement obligations owing by Grantor Borrower to Lender in respect of any such letter(s) of credit.
Appears in 1 contract
Samples: Commercial Security Agreement (Premier Power Renewable Energy, Inc.)
