Return or Transfer of Letter of Credit Sample Clauses

Return or Transfer of Letter of Credit. Within thirty (30) days after the expiration or earlier termination of the Lease, Landlord shall promptly return the refundable portion of the Security Deposit, including the Letter of Credit, to Tenant. In the event of a transfer of the Premises, Building or Project by Landlord, Landlord or any subsequent transferor shall deliver the refundable portion of the Security Deposit, including both the cash portion and the Letter of Credit, to the successor landlord or transferee.
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Return or Transfer of Letter of Credit. Within thirty days after the expiration or earlier termination of the Lease and provided Tenant has complied with all of its obligations under the Lease, Landlord shall promptly return the refundable portion of the Security Deposit, including the Letter of Credit, to Tenant. In the event of a transfer of the Premises, Building or Project by Landlord, Landlord or any subsequent transferor shall deliver the refundable portion of the Security Deposit, including both the cash portion and the Letter of Credit, to the successor landlord or transferee. /s/ Landlord’s Initials Tenant’s Initials EXHIBIT A LEGAL DESCRIPTION REAL PROPERTY in the City of Fremont, County of Alameda, State of California, described as follows: Lxxx 0, 0, xxx 0, Xxxxx 0000, filed August 30, 1979 in Book 112 of Maps, Page 85, Alameda County Records. APN Nos.: 500-0000-000 and 500-0000-000-00 /s/ Landlord’s Initials Tenant’s Initials EXHIBIT B PLAN OF THE COMPLEX 36 EXHIBIT B-1 FLOOR PLAN OF THE PREMISES (NOT AVAILABLE) /s/ Landlord’s Initials Tenant’s Initials EXHIBIT C CONSTRUCTION OBLIGATIONS
Sample 1
Return or Transfer of Letter of Credit. Within thirty days after -------------------------------------- the expiration or earlier termination of the Lease and provided Tenant has complied with all of its obligations under the Lease, Landlord shall promptly return the refundable portion of the Security Deposit, including the Letter of Credit, to Tenant. In the event of a transfer of the Premises, Building or Project by Landlord, Landlord or any subsequent transferor shall deliver the refundable portion of the Security Deposit, including both the cash portion and the Letter of Credit, to the successor landlord or transferee. JRM WFM ___________________ ----------------- Landlord's Initials Tenant's Initials EXHIBIT F-1 FORM LETTER OF CREDIT BENEFICIARY: BEDFORD PROPERTY INVESTORS, INC., a Maryland corporation, its successors and assigns 000 Xxxxxxxxx Xxxxxx Xxxxxxxxx, XX 00000 Attn: Property Management APPLICANT: CENTILLIUM COMMUNICATIONS, INC., a Delaware corporation 0000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 IRREVOCABLE STANDBY AMOUNT: $467,325.00 LETTER OF CREDIT NO. GENTLEMEN: WE HEREBY AUTHORIZE YOU TO DRAW ON [bank's name, address and city/state/zip] BY ORDER OF AND FOR ACCOUNT OF CENTILLIUM COMMUNICATIONS, INC., a Delaware corporation 0000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 UP TO AN AGGREGATE AMOUNT OF FOUR HUNDRED SIXTY-SEVEN THOUSAND THREE HUNDRED TWENTY FIVE UNITED STATES DOLLARS ($467,325.00 U.S.). AVAILABLE BY YOUR DRAFTS AT SIGHT ACCOMPANIED BY: A WRITTEN NOTARIZED STATEMENT, PURPORTEDLY SIGNED BY AN AUTHORIZED OFFICER OR AUTHORIZED AGENT OF BEDFORD PROPERTY INVESTORS, INC., A MARYLAND CORPORATION OR ITS SUCCESSORS AND ASSIGNS ("LANDLORD) STATING THAT: "CENTILLIUM COMMUNICATIONS, INC., A DELAWARE CORPORATION ("TENANT"), HAS FAILED TO PAY BEDFORD PROPERTY INVESTORS, INC., A MARYLAND CORPORATION OR ITS SUCCESSORS AND ASSIGNS ("LANDLORD") $ [Landlord to insert the amount ------------------------------- of the draw not to exceed the maximum amount of this letter of credit, in ------------------------------------------------------------------------- the aggregate] THAT TENANT OWES LANDLORD ACCORDING TO THE TERMS AND -------------- CONDITIONS OF THE BUSINESS PARK NET LEASE, DATED________________________, 2000, FOR THE PREMISES KNOWN AS 0000 XXXXXXXXX XXXXX, XXXXXXX, XXXXXXXXXX, AND AT LEAST TEN (10) DAYS HAVE ELAPSED SINCE LANDLORD HAS GIVEN WRITTEN NOTICE OF SUCH REQUEST FOR PAYMENT TO TENANT." OR A WRITTEN NOTARIZED STATEMENT PURPORTEDLY SIGNED BY AN AUTHORIZED OFFICER OR AUTHO...
Sample 1
Return or Transfer of Letter of Credit. Within thirty days after the expiration or earlier termination of the Lease and provided Tenant has complied with all of its obligations under the Lease, Landlord shall promptly return the refundable portion of the Security Deposit, including the Letter of Credit, to Tenant. In the event of a transfer of the Premises, Building or Project by Landlord, Landlord or any subsequent transferor shall deliver the refundable portion of the Security Deposit, including both the cash portion and the Letter of Credit, to the successor landlord or transferee. /s/ ----------------------- ---------------------- Landlord's Initials Tenant's Initials EXHIBIT A LEGAL DESCRIPTION REAL PROPERTY in the City of Fremont, County of Alameda, State of California, described as follows: Lots 5, 6, and 7, Tract 4200, filed August 30, 1979 in Book 112 of Mxxx, Xxxx 00, Xxxxxxx Xxxxxx Records. APN Nos.: 519-1680-010 and 519-1680-011-01 /s/ ----------------------- ---------------------- Landlord's Initials Tenant's Initials EXHIBIT B PLAN OF THE COMPLEX (PLAN OF THE COMPLEX GRAPHIC) /s/ ----------------------- ---------------------- Landlord's Initials Tenant's Initials EXHIBIT B-1 FLOOR PLAN OF THE PREMISES (NOT AVAILABLE) /s/ ----------------------- ---------------------- Landlord's Initials Tenant's Initials EXHIBIT C CONSTRUCTION OBLIGATIONS
Sample 1
Return or Transfer of Letter of Credit. Within thirty days after the expiration or earlier termination of the Lease and provided Tenant has complied with all of its obligations under the Lease, Landlord shall promptly return the refundable portion of the Security Deposit, including the Letter of Credit, to Tenant. In the event of a transfer of the Premises, Building or Project by Landlord, Landlord or any subsequent transferor shall deliver the refundable portion of the Security Deposit, including both the cash portion and the Letter of Credit, to the successor landlord or transferee. /s/ /s/ ------------------- ----------------- Landlord's Initials Tenant's Initials
Sample 1

Related to Return or Transfer of Letter of Credit

  • Transfer of Letter of Credit The Letter of Credit may be transferred and assigned in accordance with the terms of the Letter of Credit.

  • Issuance of Letter of Credit Upon satisfaction or waiver (in accordance with subsection 10.6) of the conditions set forth in subsection 4.3, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures.

  • Manner of Requesting a Letter of Credit The Borrower shall provide at least five (5) Business Days’ advance written notice to the Administrative Agent of each request for the issuance of a Letter of Credit, such notice in each case to be accompanied by an Application for such Letter of Credit properly completed and executed by the Borrower and, in the case of an extension or amendment or an increase in the amount of a Letter of Credit, a written request therefor, in a form acceptable to the Administrative Agent and the L/C Issuer, in each case, together with the fees called for by this Agreement. The Administrative Agent shall promptly notify the L/C Issuer of the Administrative Agent’s receipt of each such notice (and the L/C Issuer shall be entitled to assume that the conditions precedent to any such issuance, extension, amendment or increase have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders) and the L/C Issuer shall promptly notify the Administrative Agent and the Lenders of the issuance of the Letter of Credit so requested.

  • Request for Incurrence of Letter of Credit Obligations Borrower shall give Agent at least 2 Business Days' prior written notice requesting the incurrence of any Letter of Credit Obligation. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) and a completed Application for Standby Letter of Credit or Application and Documentary Letter of Credit or Application for Documentary Letter of Credit (as applicable). Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower and approvals by Agent and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower, Agent and the L/C Issuer.

  • Letter of Credit Requirements (a) Any Letter of Credit required under this Loan Agreement must satisfy the following conditions:

  • Cover for Letter of Credit Liabilities In the event that the Borrowers shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.

  • Delivery of Letter of Credit Tenant shall deliver to Landlord concurrent with Tenant’s execution of this Lease, as protection for the full and faithful performance by Tenant of all of its obligations under this Lease and for all losses and damages Landlord may suffer (including, without limitation, damages provided to Landlord pursuant to Section 1951.2 of the California Civil Code) as a result of any breach or default by Tenant under this Lease, an unconditional, clean, irrevocable negotiable standby letter of credit (the “L/C”) in the amount set forth in Section 10 of the Summary (the “L/C Amount”), in the form attached hereto as Exhibit I, payable in the City of San Francisco, California (or payable upon delivery of a draw request sent by Landlord by overnight courier delivery), running in favor of Landlord, drawn on a bank (the “Bank”) reasonably approved by Landlord and at a minimum having a long term issuer credit rating from Standard and Poor’s Professional Rating Service of A or a comparable rating from Xxxxx’x Professional Rating Service (the “Credit Rating Threshold”), and otherwise conforming in all material respects to the requirements of this Article 21, including, without limitation, all of the requirements of Section 21.2 below, all as set forth more particularly hereinbelow. Tenant shall pay all expenses, points and/or fees incurred by Tenant in obtaining and maintaining the L/C. In the event of an assignment by Tenant of its interest in the Lease (and irrespective of whether Landlord’s consent is required for such assignment), the acceptance of any replacement or substitute letter of credit by Landlord from the assignee shall be subject to Landlord’s prior written approval, in Landlord’s reasonable discretion, and the out-of-pocket attorney’s fees for outside counsel incurred by Landlord in connection with such determination shall be payable by Tenant to Landlord within ten (10) days of billing.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Letter of Credit Collateral Account (a) As collateral security for the prompt payment in full when due of all Letter of Credit Liabilities and the other Obligations, the Borrower hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Administrative Agent, the Issuing Bank and the Lenders as provided herein, a security interest in all of its right, title and interest in and to the Letter of Credit Collateral Account and the balances from time to time in the Letter of Credit Collateral Account (including the investments and reinvestments therein provided for below). The balances from time to time in the Letter of Credit Collateral Account shall not constitute payment of any Letter of Credit Liabilities until applied by the Issuing Bank as provided herein. Anything in this Agreement to the contrary notwithstanding, funds held in the Letter of Credit Collateral Account shall be subject to withdrawal only as provided in this Section.

  • Letter of Credit Request See §2.10(a).

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