Bailment Letters definition

Bailment Letters means each of (i) a letter, in the form of Exhibit 8-A hereto, pursuant to which the Funding Date Documentation will be delivered to the Custodian as bailee for Fleet National Bank, as Agent under that certain Second Amended and Restated Loan Agreement dated as of September 22, 2000 by and among Medallion Financial Corp., Medallion Business Credit, LLC the Lenders party thereto and Fleet National Bank, as amended, until such time as the Lien of the Loan and Security Agreement attaches to the Funding Date Documentation, whereupon the Funding Date Documentation will be held by the Custodian as bailee for the Lender pursuant to this Custodial Agreement and (ii) a letter, in the form of Exhibit 8-B hereto, pursuant to which the Funding Date Documentation will be delivered to the Custodian as bailee for Medallion Funding Corp.
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Related to Bailment Letters

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • Investment Letter shall have the meaning specified in subsection 9.07(a).

  • Commitment Letters has the meaning set forth in Section 4.6(b).

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • VIE Agreements means the documents as set forth in Appendix B hereto.