Issuer Letter of Credit definition

Issuer Letter of Credit means an irrevocable letter of credit issued by an Eligible Issuer LC Provider in favour of the Issuer Security Trustee (for itself and on behalf of the benefit of the Senior Noteholders) substantially in the form set out in schedule 13 (Form of Issuer Letter of Credit) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent.
Issuer Letter of Credit means a letter of credit in form and substance reasonably satisfactory to the Issuer and the Borrower in the stated amount of $2,000,000 and any substitute letter of credit or credit facility in replacement thereof, in each case from a bank or financial institution reasonably acceptable to the Issuer.

Examples of Issuer Letter of Credit in a sentence

  • To renew the permit for the Bullskin Tipple in Connellsville Township, Fayette County and related NPDES permit.

  • Without limiting the foregoing, in the event of an unexpected closure of the Letter of Credit Issuer Letter of Credit draws may be made up to only two Banking Days after the reopening of the Letter of Credit Issuer rather than the 30 day period provided in Rule 3.14(a) of the ISP.

  • Xxxx Xxxxxxxx, Corporate Secretary SCHEDULE 1.01(d) Existing Letters of Credit Account Party L/C Issuer Letter of Credit # Expiry Date Letter of Credit Amount Beneficiary Calavo Growers,Inc.

  • Without limiting the foregoing, in the event of an unexpected closure of the Letter of Credit Issuer Letter of Credit draws may be made up to only two (2) Banking Days after the reopening of the Letter of Credit Issuer rather than the thirty (30) day period provided in Rule 3.14(a) of the ISP.

  • Xxxxxxx Xxxxx Bank, N.A. $6,250,000.00 None Total $300,000,000.00 $870,000,000.00 SCHEDULE 1.1(b) TO THE CREDIT AGREEMENT Existing Letters of Credit Issuer Letter of Credit # On Behalf of: Beneficiary Face Amount Expiry Date SunTrust Bank F848998 The Main Line PA Endoscopy ASC, LP Bala Plaza Property, Inc.

  • ANNEX B EXISTING LETTERS OF CREDIT Letter of Credit Issuer Letter of Credit Number Beneficiary Principal Amount Expiration Date None.

  • Not less than three (3) Domestic Business Days prior to the requested date of issuance of any such Letter of Credit, Borrower (and any Restricted Subsidiary for whose account such Letter of Credit is being issued) shall execute and deliver to Letter of Credit Issuer, Letter of Credit Issuer’s customary letter of credit application; provided, that in the event of any conflict between such application and the terms of this Agreement, the terms of this Agreement shall control.

  • AMENDED AND RESTATED CREDIT AGREEMENT Schedule 1.01 EXISTING LETTERS OF CREDIT Customer/Applicant Issuer Letter of Credit # Beneficiary Exposure Issue Date Expiration Date Dycom Industries, Inc.

  • Unless Agent notifies Letter of Credit Issuer that such Letter of Credit Action is not permitted hereunder or Letter of Credit Issuer notifies Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Letter of Credit Issuer, Letter of Credit Issuer shall, upon satisfaction of the applicable conditions set forth in Section 4.02, with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action.

  • Bank of America, N.A. 68055995 Liberty Muxxxx Xxxurance Company $411,000 1/13/2011 1/20/2016 Customer/Applicant Issuer Letter of Credit # Beneficiary Exposure Issue Date Expiration Date UtiliQuest, LLC Bank of America, N.A. 68057160 National Uxxxx Xxxe Insurance Co. $483,990 3/23/2011 3/23/2016 Dycom Industries, Inc.

Related to Issuer Letter of Credit

  • Servicer Letter of Credit means a letter of credit, surety bond or insurance policy issued by a depository institution, insurance company or financial institution having a short-term credit rating at least equal to the Required Deposit Rating and providing that the Indenture Trustee may draw thereupon in the event the Servicer fails to deposit SUBI Collections into the 20[__]-[__] SUBI Collection Account on a monthly basis.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Existing Letter of Credit means each letter of credit previously issued (or deemed issued) for the account of the Borrower, the Company or any of their respective Subsidiaries under the Existing Credit Facilities that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01C.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • 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.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(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 "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • Commercial Letter of Credit means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party.

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

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.