Examples of Company Letters of Credit in a sentence
The Reinsurer’s Obligations shall be funded by funds withheld, cash advances, escrow accounts for the benefit of the Company, Letters of Credit (“LOC”), Trust Account, or a combination thereof.
The Reinsurer’s Obligations shall be funded by funds withheld, cash advances, escrow accounts for the benefit on the Company, Letters of Credit (“LOC”), Trust Account, or a combination thereof.
It denied the Knapstad motion because it determined that “[w]hen viewed in the light most favorable to the State, there are sufficient facts upon which a reasonable jury could enter a determination of guilt.” Id. (CL 1).4The parties proceeded to jury trial.
Pacific USA executed that -------------------------------------- certain Limited Guaranty dated March 1998, executed by Pacific USA in favor of Bank United (the "Guaranty") for the purpose of guarantying the payment by the -------- Company of amounts relating to two certain letters of credit issued by Bank United for the account of the Company in the amounts of $3,193,500 and $7,316,096, respectively ("Company Letters of Credit").
Notwithstanding anything to the contrary provided in this Agreement, the Parties hereby acknowledge that the Company Letters of Credit and Surety Bonds (to the extent not drawn upon as of the Closing) shall not be deemed to be a liability of the Company for purposes of this Agreement.
On or before the Closing Date, Borrowers shall have paid in full all amounts outstanding under the Existing Credit Agreement and shall have terminated all commitments of the lenders thereunder (except with respect to the Existing Company Letters of Credit and Existing Acceptances issued pursuant to the Existing Credit Agreement, which shall remain issued notwithstanding the termination of all commitments thereunder).
The Reinsurer hereby agrees that it will fund such reserves by cash advances, Trust Agreements, escrow accounts for the benefit of the Company, Letters of Credit, or a combination thereof.
Letters of Credit will be issued only for general corporate purposes of the Borrower and its Subsidiaries or, on the Acquisition Date, to backstop letters of credit issued for the account of the Acquired Company or any of its Subsidiaries that do not constitute Acquired Company Letters of Credit hereunder.
Part B of this Schedule accommodates Form of Project Company Letters of Credit for the Power Purchase Agreement.[to insert once it is confirmed that this provision would be retained.] DRAWING CERTIFICATE [to insert once it is confirmed that this provision would be retained.]Schedule 13 - Buy-OutThis Schedule accommodates Buy-Out provisions for the Power Purchase Agreement.
The Reinsurer hereby agrees that they will fund such reserves by cash advances, Trust Agreements, escrow accounts for the benefit of the Company, Letters of Credit, or a combination thereof.