L/C Assignment definition

L/C Assignment means a letter agreement between Agent, Prior Lender and First Union National Bank with respect to the assignment by Prior Lender of its rights and obligations relating to Existing Letters of Credit to Agent. "L/C Issuer" has the meaning ascribed to it in Annex B. "L/C Sublimit" has the meaning ascribed to it in Annex B.
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Examples of L/C Assignment in a sentence

  • If any applicable Broward LC Assignment or LMT LC Assignment has not occurred within six (6) months of Closing, then the Escrow Agent shall return any remaining credit to Purchaser.

  • If within six (6) months of the Closing any applicable Broward LC Assignment or LMT LC Assignment occurs, then the Escrow Agent shall release that portion of the credit related to the cash collateral so assigned to the Sellers or Sellers’ Representative (as shall be set forth in the escrow documentation).

Related to L/C Assignment

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • term assignment means, in relation to an employee, i. a term assignment within the meaning of the local collective agreement, or

  • Trademark Assignment shall have the meaning specified in Section 3.2(c).

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.