Letter of Credit Account definition

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).

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 “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 270 Park Avenue, New York, NY 10017, designated as the “United Airlines L/C Account” that shall be used solely for the purposes set forth herein.

Examples of Letter of Credit Account in a sentence

• The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Letter of Credit Account.

• Cash held in the Letter of Credit Account shall not be available for use by the Borrower, and shall be released to the Borrower only as described in Section 2.02(j).

• Under Category 1, Letter of Credit Account, the amounts required to establish these accounts should be sufficient to cover any monthly balance that may occur during the year.

• Accordingly, customers are encouraged to use their estimated highest monthly balance when determining the amount of the Letter of Credit Account.

• To assist carriers with their June 30 “close,” OPM will provide a Report of Letter of Credit Account Activity no later than the fourth business day after the ending reporting period.

More Definitions of Letter of Credit Account

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 270 Park Avenue, New York, New York 10017 designated as the "Burlixxxxx Xxxxxx xx Xxxxxx Xxxxxxx" xxxx xxxxl be used solely for the purposes set forth in Sections 2.03(b) and 2.13.

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, designated as the “Delta Air Lines LC Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower after the Closing Date under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent, which shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent at Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000 designated as the “Spirit Pledge Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account so designated which is established and created as a separate account within the Bond Fund pursuant to Section 402 of the Indenture;

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 500 Xxxxxxx Xxxxxxxxxx Xxxx, Floor 01, Newark, DE 19713-2105, designated as the “United Airlines L/C Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account of that name established in the Revenue Fund pursuant to Section 5.03 hereof.