Examples of Other Letter of Credit in a sentence
The Borrower will provide the Agent with a copy of each Other Letter of Credit on the day such Other Letter of Credit is issued.
The LACMTA hereby determines that entering into one or more Reimbursement Agreements with Sumitomo Mitsui, Union Bank and/or such Other Letter of Credit Provider pursuant to Section 5922 of the Government Code of the State of California would be designed to reduce the LACMTA’s cost of borrowing for the Notes.
The LACMTA hereby approves the appointment of Sumitomo Mitsui, Union Bank and/or such Other Letter of Credit Provider selected and appointed by a Designated Officer (as defined below), as the providers of the Letters of Credit (in a combined stated amount of $199,998,900) with respect to the Program and the Notes.
The final rule also revised the commercial and recreational ACLs for red snapper.
The Debt Service Reserve Account shall have been (or shall contemporaneously on the Closing Date be) funded in an amount equal to the Debt Service Reserve Required Amount with an Other Letter of Credit, cash or a combination thereof.
Each such payment shall be made to such Issuing Lender at its Principal Office in Dollars (except, with respect to Other Letters of Credit denominated in a currency other than Dollars, to the extent the Application for such Other Letter of Credit provides that payment shall be made in another currency) and in immediately available funds.
The proceeds of the Term Loans shall be used by the Borrower, on the Closing Date, solely (a) to fund the Closing Date Distribution, (b) to pay transaction costs, fees and expenses related to the Facilities (including any application towards purchase of the CoBank Service Share) and (c) to fund the Debt Service Reserve Account, to the extent not financed with a Letter of Credit or an Other Letter of Credit.
After the occurrence of an Event of Default, the Euro-Rate Portion shall bear interest for each day until paid (before and after judgment) until the end of the applicable then-current Rate Period at a rate per annum 200 basis points above the Euro-Rate Option.
Accordingly, we classified these borrowings as long-term in our Condensed Consolidated Balance Sheet at June 30, 2016.Access to and Utilization of Credit Facilities$2.25 Billion Revolving Credit Facility and Other Letter of Credit Facilities — As of June 30, 2016, we had an aggregate committed capacity of $2.4 billion for letters of credit under various U.S. credit facilities.
Other Letter of Credit Lines — As of June 30, 2022, we had utilized $767 million of other uncommitted letter of credit lines with terms maturing through June 2023.