Bond Letters of Credit definition

Bond Letters of Credit has the meaning specified in the Existing Credit Agreement.

Bond Letters of Credit means the collective reference to the Iowa Bond Letter of Credit - NB and the Nevada Bond Letter of Credit - NB.

Bond Letters of Credit is defined in Section 1.2 hereof.

Examples of Bond Letters of Credit in a sentence

• All legal documents incident to each advance under the Loans and each of the Letters of Credit and Bond Letters of Credit shall be reasonably satisfactory to the Agent.

• Each Lender hereby irrevocably authorizes the Agent to issue Letters of Credit and the Bond Letters of Credit in accordance with the provisions of this Agreement.

• Except as may otherwise be specifically provided in a Letter of Credit, a Bond Letter of Credit, a Letter of Credit Agreement or a Bond Letter of Credit Agreement, the laws of the State of Maryland and the Uniform Customs and Practice for Documentary Credits, 1995 Revision, International Chamber of Commerce Publication No. 500 shall govern the Letters of Credit and the Bond Letters of Credit.

• Nothing contained in this Section shall be deemed a waiver by the Agent or any Lender of any Default or Event of Default which results from any such public offering of Securities by the Borrower and/or the closing of a purchase, acquisition or investment otherwise prohibited by the provisions of this Agreement, which does not result in a prepayment of all Obligations and a termination of all Letters of Credit, all Bond Letters of Credit and Commitments.

• Subject to and upon the provisions of the Bond Letter of Credit Agreements, the Agent has agreed to issue the Bond Letters of Credit for the period commencing on the Closing Date and ending on the Revolving Credit Termination Date (the "Bond Letter of Credit Commitment").

More Definitions of Bond Letters of Credit

Bond Letters of Credit means those Letters of Credit which are issued in support of the obligations of an issuer of Bonds to timely pay the holders thereof principal, interest, premium (if any) and other amounts which may be due thereunder.

Bond Letters of Credit means the irrevocable transferable letters of credit issued by Hxxxxx X.X., as successor by merger with Hxxxxx Trust and Savings Bank, to secure the payment of the Bonds.

Bond Letters of Credit means (i) the letter of credit issued by BMO and outstanding under the Existing Credit Agreement supporting payment of up to $98,500,000 principal amount of Industrial Development Corporation of Port of Corpus Christi Revenue Refunding Bonds (Valero Refining and Marketing Company Project) and specified amounts of accrued interest thereon and (ii) the letter of credit issued by BMO and outstanding under the Existing Credit Agreement supporting payment of up to $25,000,000 principal amount of Gulf Coast Industrial Development Authority Waste Disposal Revenue Bonds (Valero Refining and Marketing Company Project) and specified amounts of accrued interest thereon. The amount available under each Bond Letter of Credit shall include, for all purposes of this Agreement, any amounts not currently available thereunder but subject to reinstatement in accordance with the terms thereof.

Bond Letters of Credit has the meanings assigned to the term in the preamble hereto.

Bond Letters of Credit means any performance letter of credit in the form customarily used by the Issuing Bank at the time for transactions of the type involved issued by the Issuing Bank for the account of the Company that meets the requirements set forth in Section 2.01(II) hereof (including, without limitation, Section 2.01(II)(a) hereof).

Bond Letters of Credit means a Series 1991 Construction Loan and/or a Series 1993 Construction Loan, as applicable.

Bond Letters of Credit the collective reference to the 1990 Bond Letter of Credit and the 1991 Bond Letters of Credit; individually, a "Bond Letter of Credit".