Letter of Credit Note definition

Letter of Credit Note means the promissory note evidencing the Letter of Credit Obligations in the original principal amount of Thirty Million Dollars ($30,000,000) executed by Borrower in favor of Issuing Lender, as it may be amended, supplemented, replaced or modified from time to time. A copy of the Letter of Credit Note is attached hereto as Exhibit G.
Letter of Credit Note means the Promissory Note executed by the Authority in favor of the L/C Provider pursuant to the terms of the Letter of Credit Drawdown Agreement.
Letter of Credit Note or “Letter of Credit Notes” shall have the meanings specified in Section 2.2 hereof.

Examples of Letter of Credit Note in a sentence

  • The Letter of Credit Obligations will be evidenced by the Letter of Credit Note.

  • Landscaping and Engineering).There are two alternatives for calculating the amount of the required Letter of Credit: *Note: For properties located in the Ancaster Existing Residential “ER” Zone, please refer to Part A, Section 11.

  • However, each Letter of Credit Note will evidence Borrower’s obligation to repay the lesser of the stated principal amount thereof or the unreimbursed amount (the “Unreimbursed Amount”) of any drawing actually paid by Lender under a Letter of Credit, in accordance with Section 4.3. All references to “Advances” in Sections 2.4, 3.1 and 3.2 shall, with respect to a Letter of Credit Advance, refer solely to the outstanding Unreimbursed Amount(s) evidenced by the corresponding Letter of Credit Note.

  • In no event shall the Letter of Credit Liabilities ever exceed the amount of the Letter of Credit Tranche; and the sum of (i) the outstanding principal balance of the Letter of Credit Note and (ii) any Letter of Credit Liabilities, shall not ever exceed the Maximum Loan Amount applicable to the Letter of Credit Tranche as set forth in the definition of Maximum Loan Amount.

  • Receipt by the Agent of a borrowing base certificate, payoff figures with per diems of all debt being refinanced as described in Exhibit E, and a Letter of Credit Note, if applicable.


More Definitions of Letter of Credit Note

Letter of Credit Note means the promissory note from the Borrower to the Bank in the form attached hereto as Exhibit A evidencing the Borrower's obligations to make payment to the Bank under this Agreement for amounts drawn under the Letter of Credit.
Letter of Credit Note means the promissory note issued primarily for and by Holdings in favor of FNBCT in the principal amount of $30 million, with an interest rate of 6% per annum and a maturity date of March 31, 2017, and secured by a first lien and security interest in favor of FNBCT on all assets of Holdings and the Debtor.
Letter of Credit Note means the promissory note date of even date herewith in the principal sum of the Letter of Credit Loan (together with all renewals and extension thereof) executed and delivered by Borrower and payable to the order of Lender, evidencing the Letter of Credit Liability.
Letter of Credit Note will have the meaning set forth in Section 2.6 of this Agreement.
Letter of Credit Note. Liabilities", "LIBOR Rate", "Loan Documents", "Notes", "Revolving Loan Borrowing Base", "Revolving Loan Maximum Revolving Facility", "Revolving Note", "Tenant Improvement Note", and "Term Note" in the Agreement are hereby deleted in their entirety and replaced with the following: "Letter of Credit Note" for purposes hereof, shall be deemed to be the Revolving Note, which is a consolidation and continuation of all prior Letter of Credit Notes.
Letter of Credit Note is defined in Section 2.11(c) hereof.
Letter of Credit Note has the meaning assigned to it in Section 1.1(a)(ii).