Examples of Bank Letters of Credit in a sentence
Holders of Class 2 Claims, in full satisfaction of such Claims (other than Claims in respect of Bowater Secured Bank Letters of Credit), shall (i) be paid in full in Cash on, or as soon as practicable after but in any event, not later than five (5) business days after, the Effective Date, or (ii) receive such treatment as otherwise agreed to by the Debtors and the holders of such Claims.
Pledged collateral shall consist of eligible U.S. Treasury securities, eligible securities issued by U.S. Government Sponsored Enterprises, or Federal Home Loan Bank Letters of Credit, or a combination thereof, and shall be marked to market on at least a monthly basis.
Holders of Class 3 Claims, in full satisfaction of such Claims (other than Claims in respect of BCFPI Secured Bank Letters of Credit), shall (i) be paid in full in Cash on, or as soon as practicable after, but in any event not later than five (5) business days after, the Effective Date and in the currency as set forth in paragraph L(vii) of the Final DIP Order, or (ii) receive such treatment as otherwise agreed to by the Debtors and the holders of such Claims.
The City's policy limits acceptable collateral to U.S. Treasury securities, federal mortgage debt guaranteed by the Federal Government to include: VA, FHA, GNMA, FNMA, FHLMC, and Federal Home Loan Bank Letters of Credit.
Such use may include repaying Bank Revolving Loans if the Bank Commitment continues to be substantially drawn after giving effect to such repayment of Bank Revolving Loans, and to any Bank Revolving Loans to be made, and to any Bank Letters of Credit to be issued, under the Bank Credit Agreement substantially concurrently with such repayment.
The Borrower may from time to time request the issuance of, and be provided with by the Issuing Bank, Letters of Credit.
Technical College System of Georgia Emergency Operations Plan Requirements: xxxxx://xxxx.xxx/tcsgpolicy/docs/II.D.1.Procedure_TCSG_Emergency_Ope rations_Plan.htm Business Continuity Plan Requirements: xxxxx://xxxx.xxx/tcsgpolicy/docs/II.D.2.Procedure_TCSG_Business_Contin uity_Plan.htm ATTACHMENT H Use of Surety Bonds and Bank Letters of Credit by Non-Public Institutions An institution applying to participate in the XXXX program administered by NC-XXXX must be financially stable.
Federal Home Loan Bank Letters of Credit pledged for certificates of deposit must expire at least two business days beyond the maturity date of the certificate of deposit.
Allegiance Bank, desires to qualify as such Depository by pledging securities with the Commissioners' Court in the amount provided by law under Section 116.058, Local Government Code, specifically Federal Home Loan Bank Letters of Credit and Securities eligible under Texas Government Code, 2257.002 (4)(F).
Federal Home Loan Bank Letters of Credit Adjustable Rate Mortgages (ARMS) and Collateralized Mortgage Obligations (CMOs) will not be acceptable.