Master Standby Agreement definition

Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date among Borrowers, as Applicant(s), and GE Capital, as issuer.

Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as Applicant, and GE Capital, as Issuer.

Master Standby Agreement has the meaning ascribed to it in Annex C.

Examples of Master Standby Agreement in a sentence

• The initial notice requesting the issuance of a Letter of Credit shall be accompanied by the form of the Letter of Credit and the Master Standby Agreement or Master Documentary Agreement, as applicable, and an application for a letter of credit, if any, then required by the L/C Issuer completed in a manner satisfactory to such L/C Issuer.

• However, the foregoing shall not be construed to excuse an L/C Issuer from claims which Borrower may assert against the L/C Issuer subject to the terms of the Master Standby Agreement or the Master Documentary Agreement.

• The initial notice requesting the issuance of a Letter of Credit shall be accompanied by the form of the Letter of Credit and the Master Standby Agreement or Master Documentary Agreement, as applicable, and an application for a Letter of Credit, if any, then required by the L/C Issuer completed in a manner reasonably satisfactory to such L/C Issuer.

• The initial notice requesting the issuance of a Canadian Letter of Credit shall be accompanied by the form of the Canadian Letter of Credit and the Master Standby Agreement, and an application for a Canadian Letter of Credit, if any, then required by the applicable Canadian L/C Issuer completed in a manner reasonably satisfactory to such Canadian L/C Issuer.

• The initial notice requesting the issuance of a US Letter of Credit shall be accompanied by the form of the US Letter of Credit and the Master Standby Agreement, and an application for a US Letter of Credit, if any, then required by the US L/C Issuer completed in a manner reasonably satisfactory to such US L/C Issuer.

More Definitions of Master Standby Agreement

Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as Applicant, and GE Capital, as Issuer, as the same may be amended, restated, modified and/or supplemented from time to time including, without limitation, by joinder thereto.

Master Standby Agreement means a Master Agreement for Standby Letters of Credit between an L/C Issuer and Borrowers, substantially in the form of Exhibit A2.

Master Standby Agreement means the Master Agreement for Standby Letters of Credit between Borrower, as Applicant, and GE Capital, as Issuer to be executed prior to issuance of any Letter of Credit, in form and substance reasonably satisfactory to Administrative Agents.

Master Standby Agreement means that certain Master Agreement for Standby Letters of Credit Terms and Conditions dated as of November 24, 2003 among General Electric Capital Corporation as L/C Issuer and Borrower Representative, as the same may from time to time be amended, restated, modified or supplemented.

Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrowers, as Applicant, and L/C Issuer. “Material Adverse Effect” (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties or condition (financial or otherwise) of any Credit Party or the Credit Parties and the Subsidiaries taken as a whole; (b) a material impairment of the ability of any Credit Party, any Subsidiary of any Credit Party or any other Person (other than Agent or Lenders) to perform in any material respect its obligations under any Loan Document; or (c) a material adverse effect upon (i) the legality, validity, binding effect or enforceability of any Loan Document, or (ii) the perfection or priority of any Lien granted to the Lenders or to Agent for the benefit of the Lenders under any of the Collateral Documents and encumbering assets having a fair market value in excess of $500,000.

Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as applicant, and the L/C Issuer, and in substantially the form attached as Exhibit H; provided that prior to the issuance of any Letter of Credit for any Account Party other than Borrower, such Account Party shall execute and deliver a supplement to such Master Standby Agreement satisfactory in form and substance to the L/C Issuer and Agent pursuant to which such Account Party shall become a party thereto as an applicant.

Master Standby Agreement means the Escrow Amended and Restated Master Agreement for Standby Letters of Credit dated as of August 15, 2003 among TPI, as Applicant, and GE Capital.