Basic Letter definition
Examples of Basic Letter in a sentence
Charge for provision of Basic Letter facility Complex Letters Complex letters will typically be three to ten pages and contain complex merged information from a candidate’s record, vacancy detail and candidate information.
As of the Effective Date, the Basic Letter of Credit Term, as set forth in Subparagraph 31.L of the Lease, is amended so as to expire on December 31, 2009.
The Basic Letter of Credit shall be addressed to Landlord (and/or any other beneficiary designated by Landlord), issued in a form and substance similar to that attached as Exhibit E and by a financial institution approved by Landlord, in Landlord’s sole discretion, and shall be transferable one or more times by Landlord without the consent of Tenant.
However, upon the expiration of the Basic Letter of Credit Term, as defined in Section 31.L below, a Security Deposit in an amount equal to the last month’s payment of Rent shall be delivered by Tenant to Landlord.
If the Agent shall ever be obligated to refund to the Borrowers any amount of the Basic Letter of Credit Fees previously received from the Borrowers and distributed to any other Lender hereunder, such other Lender shall immediately upon demand repay such amounts to the Agent.
As of the Effective Date, Article 6 of the Lease is amended to provide that upon the expiration of the Basic Letter of Credit Term, Tenant shall deliver to Landlord a Security Deposit in the amount of $200,000.00.
Charge for provision of Basic Letter facility £ Complex Letters Complex letters will typically be three to ten pages and contain complex merged information from a candidate’s record, vacancy detail and candidate information.
In the event that the term of the Basic Letter of Credit obtained by Tenant is less than the thirty month period following the Commencement Date (the “Basic Letter of Credit Term”), Tenant shall provide to Landlord, sixty (60) days prior to the expiration of the Basic Letter of Credit Term, a substitute Basic Letter of Credit, in form, scope, and substance satisfactory to Landlord, all in its sole discretion, for the duration of the Basic Letter of Credit Term.