Deemed Credit Request definition

Deemed Credit Request shall have the meaning set forth in Section 2.2(b).
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Deemed Credit Request has the meaning specified in Section 2.3(b) of this Agreement.
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Deemed Credit Request has the meaning specified in Section 0(b) of this Agreement.
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Examples of Deemed Credit Request in a sentence

  • Each Lender agrees that its obligation to make or participate in Revolving Advances pursuant to a Deemed Credit Request is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence of any Default or Event of Default or the failure of any condition precedent.

  • The Borrowers shall be deemed to have made a request for a Revolving Advance (a "Deemed Credit Request"), which Deemed Credit Request shall be irrevocable upon any interest, principal, fee or other Obligation of the Borrowers hereunder becoming due, for a Revolving Advance comprised of a Domestic Rate Loan in an amount necessary to pay such interest, principal, fee or other Obligation.

  • In the event that the Borrower fails to make a timely reimbursement, together with any interest thereon, to the Agent on the date of any drawing on a Letter of Credit pursuant to this Section, such failure shall constitute a Deemed Credit Request requesting an Alternate Base Rate Loan in an aggregate amount equal to the amount reimbursable to the Letter of Credit Bank plus any interest thereon.

  • Each Lender agrees with Agent that its obligation to make or participate in Advances pursuant to a Deemed Credit Request is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence of any Default or Event of Default or the failure of any condition precedent.

  • The Borrowers shall be deemed to have made a request for a Revolving Advance (a “Deemed Credit Request”), which Deemed Credit Request shall be irrevocable upon any interest, principal, fee or other Obligation of the Borrowers hereunder becoming due, for a Revolving Advance comprised of a Domestic Rate Loan in an amount necessary to pay such interest, principal, fee or other Obligation.

  • Regular inspections of fire fighting equipment.(2) Weather shall be treated with respect and frequent evaluations made or obtained and acted upon.

  • In the event that the Borrowers fail to make a timely reimbursement, together with any interest thereon, to the Administrative Agent on the date of any drawing on a Letter of Credit, such failure shall constitute a Deemed Credit Request requesting an Alternate Base Rate Advance to be made to the Borrowers in an aggregate amount equal to the amount reimbursable to the LC Issuer plus any interest thereon.

  • The instruments for gathering data also fall within the definition of methodology of a research (Aminuzzaman: 1991).

  • Upon the occurrence of any interest, fee or other payment Obligation of a Borrower hereunder becoming due without payment, such Borrower shall be deemed to have made a Deemed Credit Request for a Revolving Credit Borrowing comprised of Alternate Base Rate Loans in an amount equal to the amount necessary to pay such interest, fee or payment Obligation.

  • The Administrative Agent or the Designated European Administrative Agent designated for the Borrower for which a Credit Request is made, as the case may be, shall notify each Bank of a Credit Request or Deemed Credit Request not later than 1:00 p.m. (local time at the Payment Office of the Administrative Agent or such Designated European Administrative Agent, as the case may be) on the date received by telecopier, telephone or similar form of transmission.

Related to Deemed Credit Request

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Letter of Credit Related Person has the meaning specified therefor in Section 2.11(f) of the Agreement.

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Swing Line Loan Participation Certificate a certificate substantially in the form of Exhibit H.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Letter of Credit Reserve has the meaning set forth in Section 2.1.2(d).

  • Credit Application means any application for a Credit Account completed by You.

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.

  • LC Request a request for issuance of a Letter of Credit, to be provided by Borrower Agent to Issuing Bank, in form satisfactory to Agent and Issuing Bank.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Borrowing Notice is defined in Section 2.8.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Letter-of-Credit Right means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit.

  • Swing Line Note means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.