Dollar Credit definition

Dollar Credit means the credit, expressed in Dollars, accorded to a particular Buyer pursuant to Section 2.5.2 in connection with all payments by such Buyer wiht respect to Deemed Delivered Product. "EPC Contract" means that certain Engineering, Procurement and Construction Contract dated as of December 20, 1995, between Seller and The M. W. Kellogg Company, as may be amended, supplemented, ▇▇▇▇▇▇▇, ▇▇▇pended, restated or modified from time to time.
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Dollar Credit means the credit, expressed in Dollars, accorded to a particular Buyer pursuant to Section 2.5.2 in connection with all payments made by such Buyer with respect to Deemed Delivered Product.
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Examples of Dollar Credit in a sentence

  • In the event that the amount of total Revolving Dollar Credit Exposure exceeds the total Dollar Commitments, the Borrower shall prepay (but subject to Sections 2.08(e) and (f)) Loans in such amounts as shall be necessary so that the amount of total Revolving Dollar Credit Exposure does not exceed the total Dollar Commitments.

  • In the event that the amount of total Revolving Dollar Credit Exposure exceeds the total Dollar Commitments, the Borrower shall prepay (but subject to Sections 2.09(e) and (f)) Loans (and/or provide cover for Letters of Credit as contemplated by 2.04(k)) in such amounts as shall be necessary so that the amount of total Revolving Dollar Credit Exposure does not exceed the total Dollar Commitments.

  • If the Borrower is required to provide cash collateral pursuant to Section 2.6(b), such amount (including interest), to the extent not applied as aforesaid, shall be returned to the Borrower on demand, provided that after giving effect to such return (i) the Aggregate Revolving Dollar Credit Exposure would not exceed the aggregate Dollar Commitments at such time and (ii) no Default or Event of Default shall have occurred and be continuing at such time.

  • Subject to Section 2.12(d), each Canadian Dollar Lender may at its option fulfill its Canadian Dollar Credit Commitment with respect to any Eurodollar Loan by causing a foreign branch or affiliate to make such Canadian Dollar Loan, provided that any exercise of such option shall not affect the obligation of LGEC to repay such Canadian Dollar Loan in accordance with the terms hereof and of the relevant Canadian Dollar Note.

  • In such event the Borrowers shall prepare a Canadian Dollar Note in the face amount of each such Canadian Dollar Lender's Canadian Dollar Credit Commitment, payable to the order of each such Lender, duly executed on behalf of LGEC and dated as of the date hereof.

  • Subject to the prior satisfaction of all other applicable conditions to the making of Credit Extensions, to obtain a Credit Extension, Borrower must notify Bank (which notice shall be irrevocable) by facsimile or telephone by 3:00 p.m. London, UK time at least (a) three (3) Business Days prior to the date the Euro Credit Extension is to be made and (b) one (1) Business Day prior to the date any United States Dollar Credit Extension or any Sterling Credit Extension is to be made.

  • Bank shall: (a) credit United States Dollar Credit Extensions to Borrower’s United States Dollar deposit account; (b) transfer Sterling Credit Extensions to Borrower’s Sterling deposit account held with SVB’s UK Branch; and (C) transfer Euro Credit Extensions to Borrower’s Euro deposit account held with SVB’s UK Branch.

  • In the event that the amount of total Revolving Dollar Credit Exposure exceeds the total Dollar Commitments, the Borrower shall prepay (but subject to Sections 2.09(f) and (g)) Loans) in such amounts as shall be necessary so that the amount of total Revolving Dollar Credit Exposure does not exceed the total Dollar Commitments.

  • Each Buyer shall receive a Dollar Credit (which shall be credited to such Buyer's Accumulation Account) in connection with all payments made by such Buyer with respect to Deemed Delivered Product, provided such payment is not then held in the escrow account for Challenged Amounts described in Section 3.

  • In such event the Borrowers shall prepare a U.S. Dollar Revolving Credit Note in the face amount of each such Lender's U.S. Dollar Credit Commitment, payable to the order of each such Lender, duly executed on behalf of LGEI and dated as of the date hereof.

Related to Dollar Credit

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans at such time made or incurred under the Dollar Commitments.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Dollar Commitment is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the First Amendment Effective Date is $115,000,000.

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.