Letter of Continuity definition

Letter of Continuity means the letter of continuity to be delivered by the Borrower to the Lender, in the form set out in Schedule 3 hereto pursuant to the terms of this Agreement as continuing security to the Lender for all Obligations or part thereof then due;

Examples of Letter of Continuity in a sentence

  • The Borrower may not be required to execute any fresh Loan Agreement, however, a few ancillary documents governing the loan amount and its amortisation schedule, including but not limited to Declaration, Schedule(s), DPN Letter, Letter of Continuity, etc.

  • The Borrower further covenants to execute few ancillary documents governing the loan amount and its amortization schedule including but not limited to Declaration, Schedule(s), DPN Letter, Letter of Continuity which are necessary to ascertain the Subsequent Loan Facility amount.

  • If requested by the Company, make presentations to the Company's senior management and/or the Board of Directors of the Company; and Mr. Wayne R.

  • The latter is as large as 25% and 80% for scale factors of 2 and 10, respectively, but at scale factors less than about unity there is nearly no bias because the response is essentially elastic (and first-mode-dominated).9.2.1.2 Inter-Bin Scaling The inter-bin scaling results, recall, are very similar to those for intra-bin scaling in terms of the variation of bias with scale factor (described above), except perhaps at very short periods (e.g., T≤0.5sec).

  • With the interest of more effectively treating bacterial infection in humans, it would be valuable to have a catalogue of persister behavior in common infectious bacteria in response to a range of different antibiotics.A different way to approach the study of persisters, is to use a strain of E.

  • Given that this is the first year that the Commission has applied the revised methodology as described above, the Commission needs to calculate the same component for the 2009–10 financial year.

  • Non-Judicial stamps are printed on special paper in different denominations and used for execution of Agreements, Indemnity Bond, Sale Deed, Mortgage deed, etc.Revenue stamps and special Adhesive Stamps are affixed as required on documents like Promissory Note, Letter of Continuity, Letter of Pledge, and Letter of Hypothecation etc.

  • The most common documents used by the Janata Bank for sanctioning different kinds of Investment are: • Joint Promissory Note, • Letter of Arrangement, • Letter of Disbursement, • Letter of Installment, • Letter of Continuity, • Trust Receipt, • Counter Guarantee, • Stock Report, • Letter of Lien, • Status Report, • Letter of Hypothecation, • Letter of Guarantee • Documents Relating to Mortgage.

  • Not only that, petitioner no.1 firm executed various documents in the nature of Trade Financing General Agreement, Demand Promissory Note in the sum of Rs.7.50 crores, Letter of Continuity, Counter-Indemnity, Agreement for working Capital Loan, all dated 28.08.2008 and petitioners 2 to 5 executed their separate Deeds of Guarantee.

  • SIGNED BY [Insert name of the Borrower] Before me, NOTARY PUBLIC SCHEDULE 3 Form of Letter of Continuity To be signed by the Borrower only, at each place marked xx To, Citicorp Finance (India) Limited (the “Lender”) [●] Date : [●] xx Dear Sirs, I refer to the Loan Agreement dated [●] executed between [Insert name of the Borrower] and the Lender, as amended from time to time (the “Loan Agreement”).

Related to Letter of Continuity

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Letter of concern means an advisory letter to notify a

  • Hour of continuing education means at least 50 minutes spent by a licensee in actual attendance at and completion of an approved continuing education activity.

  • Letter of RFP means the letter of invitation being sent by the Procuring Entity to the Consultants.

  • Letter of Credit Reimbursement Agreement means, with respect to a Letter of Credit or an Alternative Currency Letter of Credit, such form of application therefor and form of reimbursement agreement therefor (whether in a single or several documents, taken together) as an Issuing Bank may employ in the ordinary course of business for its own account, with such modifications thereto as may be agreed upon by such Issuing Bank and the Borrower and as are not materially adverse (in the judgment of such Issuing Bank and the Administrative Agent) to the interests of the Lenders; provided, however, in the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall control.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Facility LC Application is defined in Section 2.19.3.

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

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

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • 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.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.

  • Letter of Acceptance (LOA means NPCC’s letter or notification conveying his acceptance of the tender subject to such conditions as may have been stated therein.

  • Acceptable Letter of Credit means an irrevocable letter of credit issued by an Acceptable Bank in favor of the Collateral Agent (for the benefit of the Secured Parties) that has a stated maturity date that is not earlier than 12 months after the date of issuance of such letter of credit, and which letter of credit and all related documentation are satisfactory to the Administrative Agent, acting reasonably. Any such letter of credit must be drawable if, (i) it is not renewed or replaced, at least 15 days prior to its stated maturity date or (ii) a Negative Credit Event occurs with respect to the issuer and a replacement letter of credit has not been obtained from an Acceptable Bank within 30 days after the downgrade giving rise to such Negative Credit Event. For the avoidance of doubt and without limiting the provisions of Sections 6.03 and 6.04, the Borrower acknowledges and agrees that, except in the case of a letter of credit provided in connection with a Replacement Letter of Credit Facility, it shall not be the account party in respect of any such letter of credit, and that except in the case of any Letter of Credit or any letter of credit issued under any Replacement Letter of Credit Facility, any such letter of credit shall not otherwise constitute Indebtedness of the Borrower or be secured by a Lien on any of the property of the Borrower.

  • Auto-Reinstatement Letter of Credit has the meaning specified in Section 2.03(b)(iv).

  • 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.

  • Evergreen Letter of Credit has the meaning specified in Section 2.14(b)(iii).

  • Programme Agreement means the agreement of even date herewith between the Issuer, the Guarantor and the Dealers named therein concerning the purchase of Notes to be issued pursuant to the Programme together with any agreement for the time being in force amending, replacing, novating or modifying such agreement;

  • Eligible Letter of Credit means, as of any date of determination thereof, a Commercial Letter of Credit which supports the purchase of Inventory, (a) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued; (b) which Inventory otherwise would constitute Eligible Inventory when purchased, (c) which Commercial Letter of Credit has an expiry within sixty (60) days of the date of initial issuance of such Commercial Letter of Credit, (d) which Commercial Letter of Credit provides that it may be drawn only after the Inventory is completed and after a document of title reasonably acceptable to the Agent has been issued for such Inventory reflecting a Borrower or the Agent as consignee of such Inventory, and (e) which will constitute Eligible In-Transit Inventory upon satisfaction of the requirements of clause (d) hereof.

  • Reimbursement Agreement means, with respect to a Letter of Credit, such form of application therefor and form of reimbursement agreement therefor (whether in a single document or several documents) as the Issuing Bank may employ in the ordinary course of business for its own account, with such modifications thereto as may be agreed upon by an Issuing Bank and a Borrower, provided that such application and agreement and any modifications thereto are not inconsistent with the terms of this Agreement.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Letter of Agreement means a written document that informally resolves a grievance, a complaint, or a show cause order and is confidential in accordance with KRS 311.619;

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per Section 3.9.

  • Fronted Letter of Credit means a Letter of Credit issued by a Fronting Bank in which the Lenders purchase a risk participation pursuant to Section 2.03.