Proposed Letter of Credit definition

Proposed Letter of Credit. [“Proposed Amendment”]), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01 of the Credit Agreement.
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Examples of Proposed Letter of Credit in a sentence

  • Other work remaining, as noted on the Proposed Letter of Credit Reduction estimate, include HMA Surface Course, street and STOP signs, and two (2) street lights.

  • The Proposed Letter of Credit must be issued: on or before , (1) for the benefit of whose address is In the amount of $ having an expiry date of , (2) attached hereto is any special language to be incorporated into the Proposed Letter of Credit.

  • The Stated Amount of the Proposed Letter of Credit is [____] Dollars ($[___]).

  • The Proposed Letter of Credit must be issued: on or before ____________________, _____ 1 for the benefit of _____________ whose address is __________________ In the amount of $_________________ having an expiry date of ________________, ____2 attached hereto is any special language to be incorporated into the Proposed Letter of Credit.

  • After giving effect to the Proposed Letter of Credit, no more than five (5) Working Capital Letters of Credit are outstanding as of the Proposed LC Event Date.

  • The Borrower hereby certifies that after giving effect to the issuance of the Proposed Letter of Credit the sum of the Stated Amount of such Letter of Credit plus all Letter of Credit Outstandings will not exceed the Commitment.

  • These are comprised of persons with discernible mental, behavioral, emotional, psychological, and psychiatric disorders as evidenced by an established Axis I or Axis II diagnosis or V Code condition in the then current DSM, and all persons meeting the criteria for such diagnoses.

  • The Borrower hereby requests the issuance of a Letter of Credit under the International Loan Agreement, and in that connection sets forth below the information relating to such Letter of Credit ("Proposed Letter of Credit") as required by Section 2.3 of the International Loan Agreement.

  • After giving effect to the Proposed Letter of Credit and each other DSRA Letter of Credit requested as of the date hereof, no more than twenty (20) DSRA Letters of Credit have been issued this calendar month.

  • The Borrower shall have all Necessary Project Approvals required as of the date of such requested Funding and/or Proposed Letter of Credit Issuance Date, and the Administrative Agent shall have received a duly executed certificate of an Authorized Officer of the Borrower certifying that each such Necessary Project Approval is in full force and effect and is final and Non-Appealable.

Related to Proposed Letter of Credit

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

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

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

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

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

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

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

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

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

  • Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.

  • Commercial Letter of Credit means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party.

  • 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.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit F, signed by a Responsible Official of Borrower and properly completed to provide all information required to be included therein.

  • 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 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.

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

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

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

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

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Facility LC Application is defined in Section 2.19.3.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • 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.