Trade Letters of Credit definition

Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

Trade Letters of Credit as defined in Section 2.10(a).

Trade Letters of Credit means letters of credit issued in support of trade obligations of the Borrower and its Subsidiaries incurred in the ordinary course of business.

Examples of Trade Letters of Credit in a sentence

• PURPOSE 5.1 Purpose The Facility shall be used for the purpose of the issue of Letters of Credit in support of documented performance obligations (including paymentobligations), except for any Trade Letters of Credit, or as otherwise agreed by the Parties.

• If the Issuing Bank of any Trade Letters of Credit shall not have received from the Company the payment required to be made by Section 2.23(e) with respect to such Trade Letters of Credit within the time specified in such Section, such Issuing Bank will promptly notify the Administrative Agent and the Swingline Lender of the L/C Disbursement.

• The Facility shall be used for the purpose of the issue of Letters of Credit in support of documented performance obligations (excluding payment obligations), except for any Trade Letters of Credit, or as otherwise agreed by the Parties.

• Besides all further developments, gender mainstreaming is needed in all fields of social work for women as well as men who are homeless or at risk.

• Borrower shall pay to Agent, for the ratable benefit of the Lenders as provided in clause (vii) of Subparagraph 2.10(a) , nonrefundable letter of credit fees for the Trade Letters of Credit (the “ Trade LC Usage Fees ”) equal to the Trade LC Fee Rate on the daily average available amount of each Trade Letter of Credit for the period beginning on the date such Trade Letter of Credit is issued and ending on the date such Trade Letter of Credit expires.

More Definitions of Trade Letters of Credit

Trade Letters of Credit means trade letters of credit issued in support of trade obligations of Borrowers or the Subsidiaries incurred in the ordinary course of business.

Trade Letters of Credit means Letters of Credit issued for the purpose of providing the principal payment mechanism for the purchase of goods through the presentation of documents to the Issuing Lender.

Trade Letters of Credit means each documentary letter of credit ----------------------- in respect of the purchase of goods and services by the Company or any of its Subsidiaries in the ordinary course of business.

Trade Letters of Credit shall have the meaning provided in Section 2.01(a) of this Agreement.

Trade Letters of Credit shall have the meaning given to such term in the Credit Agreement.

Trade Letters of Credit means any commercial documentary trade letters of credit issued by the Bank pursuant to this Agreement for the account of the Company or any of its Subsidiaries for the purchase of goods in the ordinary course of business.

Trade Letters of Credit means any Letters of Credit that are issued hereunder for the benefit of a supplier of inventory to any Borrower to effect payment of such inventory.