Examples of Revolver Letter of Credit in a sentence
The amount of any such Aggregate Revolver Commitment, Aggregate WC Interim Commitment or Aggregate WC Commitment, as the case may be, reduction shall not be applied to the Alternative Currency Sublimit or the Revolver Letter of Credit Sublimit unless otherwise specified by the Borrowers.
The amount of any such Aggregate Revolver Commitment or Aggregate WC Commitment, as the case may be, reduction shall not be applied to the Alternative Currency Sublimit or the Revolver Letter of Credit Sublimit unless otherwise specified by the Borrowers.
The Borrower may from time to time request that the Revolver Issuing Lender issue a Revolver Letter of Credit by delivering to the Revolver Issuing Lender at the Administrative Agent's Office an Application therefor, completed to the satisfaction of the Revolver Issuing Lender, and such other certificates, documents and other papers and information as the Revolver Issuing Lender may request.
It will begin in September 2013 with a reception year of 60 boys and girls and expand by 60 children per year, eventually reaching its 420 capacity in 2019.
The Borrower's obligations under this Section 2.3 (including without limitation the Revolver Reimbursement Obligation) shall be absolute and unconditional under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower may have or have had against the Revolver Issuing Lender or any beneficiary of a Revolver Letter of Credit or any other Person.
The Revolver Issuing Lender shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Revolver Letter of Credit, except for errors or omissions caused by the Revolver Issuing Lender's gross negligence or willful misconduct.
The execution and delivery by the Borrower of a Letter of Credit Application requesting a standby letter of credit shall automatically be deemed a request for a Stand Alone Letter of Credit; PROVIDED, HOWEVER, in the event the Borrower does not have sufficient availability under the Total LC Commitment for the issuance of such requested Letters of Credit, the portion of such request which exceeds the availability of the Total LC Commitment shall instead be deemed a request for a Revolver Letter of Credit.
Agriculture in Korea still has an important role in the national economy, although it accounts for only 3.2% of the GDP.
Each Revolving Credit Lender acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section 2.3(e) to reimburse the Revolver Issuing Lender for any draft paid under a Revolver Letter of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set forth in Section 4.1(a) or Article V.
Any Existing Revolver Letter of Credit so deemed to have been issued hereunder shall be deemed to have been issued pursuant hereto on the date of the notice referred to above and shall from and after such date be subject to and governed by the terms and conditions hereof.