Letter of Credit Amendment definition

Letter of Credit Amendment means the First Amendment to Irrevocable Letter of Credit issued by the Issuing Bank in favor of the Paying Agent, in substantially the form of Exhibit 1.01A-2 hereto.
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Letter of Credit Amendment has the meaning assigned to that term in Section 2.3(b).
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Letter of Credit Amendment shall have the meaning set forth in Section 3.01(a) hereof.
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Examples of Letter of Credit Amendment in a sentence

  • Each Letter of Credit Amendment Request shall specify in reasonable detail the changes that are then being requested to be made in the applicable Facility Letter of Credit and the changes, if any, in the information specified in the original Letter of Credit Request with respect to such Facility Letter of Credit.

  • The Contractor must maintain a telephone and be reachable from 0600 to 2200 hours, Monday to Friday.

  • Each such notice (a "Letter of Credit Amendment Request") shall be in substantially the form of Exhibit C-3 hereto (or in such other form as may be mutually agreed as among the Borrower, such Issuing Bank Agent and the Agent).

  • In the case of a request for an amendment of any outstanding Letter of Credit, the Borrower shall submit a Letter of Credit Amendment Application.

  • Each such request for amendment of the Letter of Credit shall be made by facsimile, confirmed immediately in an original writing (each a "Letter of Credit Amendment Request") and shall specify in form and detail satisfactory to Issuing Bank: (I) the Letter of Credit to be amended; (II) the proposed date of amendment of the Letter of Credit (which shall be a Business Day); (III) the nature of the proposed amendment; and (IV) such other matters as Issuing Bank may require.

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  • Such other documents, instruments, certificates, opinions, approvals and assurances pertaining to the issuance of the Letter of Credit Amendment No. 1 and the execution and delivery of this Amendment No. 1 and the Letter Agreement Amendment No. 1 and the other Bond Documents as the Bank or its counsel may reasonably request.

  • The Account Party now wishes to extend and amend the Existing Letter of Credit and, in furtherance thereof, the Account Party has requested the Issuing Bank to issue the Letter of Credit Amendment (as defined herein) to the Paying Agent.

  • Final Peraton Letter of Credit Amendment PROPOSED ACTION: Motion to Approve Consent Agenda ACTION ITEMS: 1.

  • The County hereby agrees to pay only from the sources described in Section 8.13 of the Reimbursement Agreement (or cause TIC to pay) on demand all costs and expenses of the Bank in connection with the preparation, execution and delivery of this Amendment and the Letter of Credit Amendment, including without limitation the reasonable fees and expenses of counsel for the Bank with respect thereto.


More Definitions of Letter of Credit Amendment

Letter of Credit Amendment means that certain Third Amendment to Second Amended and Restated Letter of Credit Agreement, dated as of the date hereof.
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Related to Letter of Credit Amendment

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • 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 Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • Existing Letter of Credit means each letter of credit previously issued (or deemed issued) for the account of the Borrower, the Company or any of their respective Subsidiaries under the Existing Credit Facilities that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01C.

  • Letter of Credit Limit means $5,000,000.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • 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.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.

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

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

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • 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.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.