Landlord Letter of Credit shall have the meaning assigned to such term in Section 13.2.

Landlord Letter of Credit means the Original Irrevocable Standby Letter of Credit No. #2012-003 issued by Beach Business Bank on September 7, 2012 for the benefit of Xxxxx Fargo Bank, National Association (on behalf of The Carlsbad Campus, LLC) in the face amount of $757,819.76 as reduced from time to time in accordance with its terms.

Examples of Landlord Letter of Credit in a sentence

The final expiry date of the Landlord Letter of Credit shall be one (1) month following the Expiration Date of this Lease.
Subject to the provisions of this Section 13.2, Tenant shall have the unconditional right to draw upon the Landlord Letter of Credit to satisfy an Award by presenting Tenant’s site draft to the issuing bank as more fully provided in the Landlord Letter of Credit.
Reductions and forces during conventional bare rolling of U12 steel (monometallic U12) and during rolling U12 steel in the technological shell 1 As a measure of plasticity, Λf is used - the limiting degree of shear deformation at which the metal fracturesList of Tables: Table 1.
On the date this agreement becomes effective, Lender will make an advance (the “Non-Formula Loan”) in the amount of the Non-Formula Loan Amount into an interest bearing account in Borrower’s name maintained at Lender and controlled by Lender (the “Non-Formula Loan Account”), and funds may not be withdrawn from the Non-Formula Loan Account by Borrower or used by Borrower or Lender other than to repay the Non-Formula Loan and secure the Landlord Letter of Credit.
By way of clarification, the Landlord Letter of Credit shall be a "Letter of Credit" as such term is defined in the Credit Agreement.

More Definitions of Landlord Letter of Credit

Landlord Letter of Credit means Irrevocable Standby Documentary Credit No. SDCMTN575813 issued by HSBC Bank USA, National Association for the benefit of Bristol-Myers Squibb Company in the face amount of $7,500,000.”

Landlord Letter of Credit means Irrevocable Standby Documentary Credit Xx. XXXXXX000000 issued by HSBC Bank USA, National Association for the benefit of Xxxxxxx-Xxxxx Squibb Company in the face amount of $7,500,000.”

Landlord Letter of Credit means the Letter of Credit issued under the Prior Credit Agreement in favor of Intercontinental Fund II 343 Congress Street, LLC for the account of the Company in the origixxx xxxx xxxxxx xx $1,114,905, and as of the date hereof in an amount not exceeding $973,698.03.

Landlord Letter of Credit means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary. “Lender” means Bridge Bank, National Association, and its successors and assigns. "Letter of Credit" has the meaning set forth in Section 1.8. "Letter of Credit Obligations" means, at any time, the sum of, without duplication, (i) the maximum amount available to be drawn on all outstanding Letters of Credit issued by Lender or by Lender’s Affiliate and (ii) the aggregate amount of all amounts drawn and unreimbursed with respect to Letters of Credit issued by the Lender or by Lender’s Affiliate. "Letter of Credit Sublimit" means $500,000.

Landlord Letter of Credit means the standby letter of credit in the face amount of One Hundred Thirty-Eight Thousand Dollars ($138,000) issued for the benefit of Washeop Associates Limited Partnership.

Landlord Letter of Credit is that certain Letter of Credit no. SVBSF013762, issued by Bank in favor of Saddle Lane Realty, LLC.”

Landlord Letter of Credit means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary. "Lender” means Bridge Bank, National Association, and its successors and assigns.