Facility LC Application is defined in Section 2.19.3.
Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.
Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.
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.
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.
Letter of Credit Report means a certificate substantially in the form of Exhibit N or any other form approved by the Administrative Agent.
LC Application an application by Borrower Agent to Issuing Bank for issuance of a Letter of Credit, in form and substance satisfactory to Issuing Bank.
Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.
Mandatory Policies means the following of our business policies and codes:
Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.
Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.
Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
Letter of Credit Subfacility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the L/C Issuers’ Letter of Credit Sublimits at such time and (b) the Revolving Credit Facility at such time. The Letter of Credit Subfacility is part of, and not in addition to, the Revolving Credit Facility. On the Closing Date, the amount of the Letter of Credit Subfacility is $25,000,000.
Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Supporting Letter of Credit has the meaning specified in Section 1.3(g).
Letter of Credit Request shall have the meaning provided in Section 2.03(a).
Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.
Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.
U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.
Letter of Commitment means a letter obtained from the MBE and WBE’s by the Bidders. The Letter of Commitment is a signed letter(s), on company letterhead, from the minority and/or women certified business. It must be produced no later than 24 hours after the bid due date and time. This letter(s) shall state and will serve as acknowledgement from the minority and/or women certified business of their level of participation in this solicitation, the dollar amount of the commitment, the scope of service or product to be provided and the anticipated dates of utilization.
Letter of Credit Related Person has the meaning specified therefor in Section 2.11(f) of the Agreement.
Uniform Customs means the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time.
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.
Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).
Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).