Replacement Letters of Credit definition

Replacement Letters of Credit shall have the meaning assigned to such term in Section 3.3(b) hereof.
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Replacement Letters of Credit means any Existing Letter of Credit that is provided as security for, or performance assurance under, any Asset, excluding the letters of credit described under the heading “Letters of Credit” on Disclosure Schedule 3.14.
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Replacement Letters of Credit has the meaning set forth in Section 6.13(d).
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Examples of Replacement Letters of Credit in a sentence

  • On the Closing Date, Seller and Purchaser shall execute a memorandum of understanding detailing the procedures to be followed in administering the Backup Letters of Credit and substituting the Replacement Letters of Credit as contemplated by this Section 2.2(c) including the allocation of fees between Seller and Purchaser on an equitable basis reflecting relative credit risk and administrative burdens following the Closing (the “Memorandum of Understanding”).

  • Parent shall cause to be delivered subsequent Replacement Letters of Credit so that the Company at all times holds a Letter of Credit or Replacement Letter of Credit satisfying the requirements of Section 5.15(d) until twenty (20) Business Days following the final and non-appealable determination with respect to all such suits, actions, arbitrations or other Proceedings against Apex, Holdings, Parent or Merger Sub.

  • DeCotiis, FitzPatrick & Cole, LLPThe following Resolution #2015-61 (Authorizing Replacement Letters of Credit – Rosemont Estates) was introduced by reference, offered by Councilwoman Marder, seconded by Council President Metzger and was passed on a roll call vote of 4 – 0 in favor with Councilman Scalea abstaining.

  • Section 4.11 Replacement Letters of Credit; Replacement Guarantees and Replacement Credit Support.

  • Release of Collateral upon Delivery of Replacement Letters of Credit.


More Definitions of Replacement Letters of Credit

Replacement Letters of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.
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Replacement Letters of Credit means the Letters of Credit established pursuant to this Agreement to replace the letters of credit outstanding on the date hereofAmendment No. 3 Effective Date and listed on Schedule 8.1(s).
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Replacement Letters of Credit means the Letters of Credit obtained by Purchaser in replacement of the Current Letters of Credit other than the Post-Closing Letters of Credit, issued to the same entities, in the same amounts and securing the same obligations as such Current Letters of Credit, each in form and substance, and from a bank or other financial institution, reasonably satisfactory to Sellers and the Purchaser; provided, however that the Letter of Credit obtained by Purchaser in replacement of the $3,000,000 Letter of Credit issued for the benefit of Xxxx International Airlines Inc. by Barclays Bank shall be in the amount of One Million Five Hundred Thousand Dollars ($1,500,000).
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Replacement Letters of Credit means the replacement letters of credit set forth in Article II.C hereof.
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Replacement Letters of Credit. As defined in Section 8.13 of this Agreement.
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Replacement Letters of Credit means all Letters of Credit issued or procured, as the case may be, by any Replacement Issuing Bank issued pursuant to Section 1.4(g) hereof under any Replacement Letter of Credit Facility.
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Replacement Letters of Credit. See Section 13.6.
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