IRB Letter of Credit definition

IRB Letter of Credit means one or more Letters of Credit securing the Company's obligations in respect of outstanding City of Salem, Massachusetts Flexible Mode Industrial Development Revenue Bonds (Applied Extrusion Technologies, Inc. Issue), in form and substance satisfactory to JPMorgan Chase.

IRB Letter of Credit means the PNC Letter of Credit attached hereto as Schedule 9.2 and any replacement letter of credit issued by the Issuing Lender as set forth in subsection 9.2A.

IRB Letter of Credit means the letter of credit issued by Wachovia Bank, National Association on the application of the Company providing credit support for the IRB.

Examples of IRB Letter of Credit in a sentence

• Each Letter of Credit shall be denominated in dollars and shall be a either a direct pay IRB Letter of Credit, a direct pay letter of credit supporting bond related Indebtedness similar to the IRB Letters of Credit or a standby letter of credit issued to support the obligations of Borrower in connection with Permitted Developments.

• The Borrower hereby authorizes the Agent to debit the IRB Indebtedness Account on each Drawing Date as necessary to reimburse the Agent for each draft paid by the Agent pursuant to any IRB Letter of Credit.

• On or before each date on which there is scheduled to be a Drawing under any IRB Letter of Credit pursuant to the IRB Documents, the Borrower will deposit in the IRB Indebtedness Account sufficient funds such that there will be available therein on the applicable Drawing Date the amount needed to reimburse the Agent for the amount of such Drawing.

• Close technical cooperation and coordination between the Länder and the federal Ministries responsible for these measures is indispensable to take appropriate account of regional structures during the implementation phase and is provided for in the plan through regular coordination meetings, as requested by the Länder, organised by the coordination unit.

• Except as modified by the provisions of this Section 2, Section 3.01 and as set forth in the respective amendments (or terminations) delivered pursuant to Section 5.06(b) of the Existing Credit Agreement, the provisions of the Existing CoreStates IRB Letter of Credit Reimbursement Agreement shall continue to apply to the Existing CoreStates IRB Letter of Credit.

More Definitions of IRB Letter of Credit

IRB Letter of Credit means that certain Letter of Credit issued by -------------------- the Issuing Bank on behalf of the Company in connection with the IRB Indenture, as the same may be amended, modified, restated, refinanced, refunded or renewed from time to time in whole or in part.

IRB Letter of Credit means that certain Letter of Credit No. A-304726 dated March 1, 1993, as amended by that Irrevocable Letter of Credit No. S304726PGH dated October 23, 1998, and as further amended, issued by PNC Bank, National Association in favor of The Bank of New York, successor to Irving Trust Company, in its capacity as Trustee under the Indenture of Trust dated as of January 1, 1988, between the Trustee and the County of Belmont, Ohio, for the account of LESCO, Inc. in the face amount of $6,230,720.

IRB Letter of Credit the Letter of Credit, dated February 28, -------------------- 1996, issued by Summit Bank for the account of Xxxxxxx, Inc. in favor of the holders of the $4,300,000 aggregate principal amount Massachusetts Finance Agency Industrial Revenue Bonds - United Medical Corporation Issue - Series 1992, in the original amount of $3,779,069 or any successor letter of credit issued in accordance with Section 5.17 hereof.

IRB Letter of Credit is defined in the preamble.

IRB Letter of Credit means any Standby Letter of Credit issued by the IRB Fronting Bank in accordance with (a) Section 5.4 of the Lease Agreement dated as of November 1, 1986, between The Industrial Development Board of the City of Hammond, Inc. and the Borrower or (b) Section 5.4 of the Lease Axxxxxxxt dated as of December 1, 1986, between Development Authority of Coweta County and the Borrower, and any extensions and replacements thereof, as such Standby Letter of Credit may from time to time be amended, supplemented or modified.

IRB Letter of Credit means that certain Irrevocable Transferable Direct Pay Letter of Credit No. S104502 dated March 23, 2000 in the stated face amount of $8,873,061.64 issued by the Agent, for the account of the Company, for the benefit of the Certificate Trustee pursuant to the Indenture, as the same may be increased, reduced, renewed, extended, amended, modified, supplemented, restated or replaced from time to time.

IRB Letter of Credit means one or more letters of credit issued by Bank in an aggregate face amount not in excess of $4,200,000, in its discretion and pursuant to documentation satisfactory in form and substance to it, for the account of one or more Borrowers and Guaranteed by FCC, (i) to directly support industrial revenue bonds issued to finance an IRB Project or (ii) to provide credit support for a letter of credit issued by Bank of America, N.A. for this purpose.