Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per Section 3.9.
Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;
Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement
Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.
Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.
Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit F, signed by a Responsible Official of Borrower and properly completed to provide all information required to be included therein.
Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.
Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.
Letter of Acceptance (LOA means the written notice issued by JMRC to the selected bidder(s) intimating the acceptance of selected bidder's Proposal for the award of Lease;
Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).
Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
Loan Advance The meaning specified in Section 2.2(a).
Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.
Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.
Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).
Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.
Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;
Utilisation means a utilisation of the Facility.
Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.