European Letter of Credit definition

European Letter of Credit means any Letter of Credit issued pursuant to the European Revolving Credit Facility.

European Letter of Credit shall have the meaning assigned to such term in Section 2.18(a).

European Letter of Credit means any letter of credit or similar instrument (including a bank guarantee) acceptable to the applicable Issuing Bank issued for the purpose of providing credit support to a European Borrower.

Examples of European Letter of Credit in a sentence

• Immediately upon the issuance of each European Letter of Credit, each Lender having a European Revolving Commitment shall be deemed to have purchased, and hereby agrees to irrevocably purchase, from the applicable Issuing Bank a participation in such European Letter of Credit and any drawings honored thereunder in an amount equal to such Lender’s Pro Rata Share (with respect to the European Revolving Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder.

• Additionally, Vatansever and Oncel (2014) proposed fuzzy AHP and fuzzy TOPSIS and Akın (2016) used fuzzy TOPSIS to select a research assistant for a university.

• It being acknowledged and agreed that any currency appearing on Schedule 2.04(a) as of the Closing Date shall, solely with respect to the applicable European Letter of Credit listed thereon, be deemed to be an Approved Issuing Currency.

• All amounts paid by a European L/C Issuer with respect to any European Letter of Credit that are not repaid within one (1) Business Day by European Borrower with the proceeds of a European Revolving Credit Advance or otherwise shall bear interest at the interest rate applicable to European Revolving Loans which are Index Rate Loans plus, at the election of Agent or Requisite Revolving Lenders, an additional two percent (2.00%) per annum.

• C = |B||C| cos α cos β + |B||C| sin β sin α= |B||C| cos (α – β).CBαβy x Figure A1.1: Finding the angle between two vectors.

More Definitions of European Letter of Credit

European Letter of Credit shall have the meaning provided in Section 3.01(a).

European Letter of Credit means any Letter of Credit or similar instrument (including a bank guarantee) acceptable to the applicable Issuing Bank issued hereunder for the purpose of providing credit support for the European Borrower.

European Letter of Credit means any Bank Guarantee or any commercial or standby letter of credit issued or to be issued by an Issuing Bank for the account of any Foreign Subsidiary pursuant to Section 2.04(a)(ii) of this Agreement, and any letter of credit issued and outstanding as of the Closing Date and designated by the Borrower Representative as a “European Letter of Credit” pursuant to a written notice delivered to the Administrative Agent on or prior to the Closing Date; provided that the issuer thereof is a Revolving Lender hereunder. Each such letter of credit so designated shall be deemed to constitute a European Letter of Credit and a Letter of Credit issued hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents.

European Letter of Credit means any Bank Guarantee or any commercial or standby letter of credit issued or to be issued by an Issuing Bank for the account of any Foreign Subsidiary pursuant to Section 2.04(a)(ii) of this Agreement, and any Bank Guarantee or any commercial or standby letter of credit, other than an Existing ABN Letter of Credit, issued and outstanding as of the Closing Date and designated by the Borrower Representative as a “European Letter of Credit” pursuant to a written notice delivered to the Administrative Agent on or prior to the Closing Date; provided that the issuer thereof is a Revolving Lender hereunder. Each such letter of credit so designated shall be deemed to constitute a European Letter of Credit and a Letter of Credit issued hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents.

European Letter of Credit shall have the meaning assigned to such term in Section 2.18(a). 1096351.01A-CHISR01A1096355.04J-CHISR01A - MSW

European Letter of Credit means any Letter of Credit issued pursuant to Section 2.05(a)(ii).

European Letter of Credit means an Italian Letter of Credit or a Swiss Letter of Credit.