Examples of Eligible Letter of Credit in a sentence
Each bank issuing a letter of credit that serves as additional financial assurance must meet the requirements of this Section X.B.1. Each such bank must be on the ISO’s “List of Eligible Letter of Credit Issuers.” The ISO will post the current List of Eligible Letter of Credit Issuers on its website, and update that List and posting no less frequently than quarterly.
If a bank that is included on the List of Eligible Letter of Credit Issuers fails to satisfy any of the criteria set forth above, the applicable Posting Entity will have five (5) Business Days from the date on which the ISO provides notice of such failure to replace the letter of credit with a letter of credit from a bank satisfying those criteria or provide other financial assurance satisfying the requirements of the ISO New England Financial Assurance Policy.
An Eligible Letter of Credit must be: (i) irrevocable (except on 60 days prior written notice); (ii) drawn upon a recognized international bank acceptable to DiaSys; (iii) having payment terms by sight draft; and (iv) otherwise acceptable to DiaSys.
L-Selectin(hi) but not the L- selectin(lo) CD4+25+ T-regulatory cells are potent inhibitors of GVHD and BM graft rejection.
Eligible letters of Credit and Eligible Surety Bonds provided pursuant to this paragraph shall be subject to the prior approval of the Local Government unless the Local Government has approved in writing the form of an Eligible Letter of Credit or Eligible Surety Bond to be issued by a specific entity or the form of such Eligible Letter of Credit or Eligible Surety Bond as attached hereto as an Exhibit.