Master Letter of Credit means that certain letter of credit issued by Wachovia Fixed Income Structured Trading Solutions, LLC to the Administrative Agent on the Closing Date pursuant to the Master Facility, as amended, restated, supplemented or modified from time to time.
In the event of any inconsistency between the terms of the Master Letter of Credit Agreement, any L/C Application and the terms of this Agreement, the terms of this Agreement shall control.
The Company shall execute and deliver to the Issuing Lender the Master Letter of Credit Agreement from time to time in effect.
To the extent the provisions of the Master Letter of Credit Agreement differ from, or are inconsistent with, the terms of this Agreement, the provisions of this Agreement shall govern.
A Master Letter of Credit Agreement prepared by and acceptable to the Bank, duly executed by the Borrower in favor of the Bank.
All Letters of Credit shall bear such application, issuance, renewal, negotiation and other fees and charges, and bear such interest as charged by the Bank or otherwise payable pursuant to the Master Letter of Credit Agreement.