Examples of Series 2013-1 Letter of Credit in a sentence
Other than pursuant to a demand thereon pursuant to Section 2.5, ABRCF shall not reduce the amount of the Series 2013-1 Demand Notes or forgive amounts payable thereunder so that the outstanding principal amount of the Series 2013-1 Demand Notes after such reduction or forgiveness is less than the Series 2013-1 Letter of Credit Liquidity Amount.
If there is more than one Series 2013-1 Letter of Credit on the date of any draw on the Series 2013-1 Letters of Credit pursuant to the terms of this Supplement, the Administrator shall instruct the Trustee, in writing, to draw on each Series 2013-1 Letter of Credit in an amount equal to the Pro Rata Share of the Series 2013-1 Letter of Credit Provider issuing such Series 2013-1 Letter of Credit of the amount of such draw on the Series 2013-1 Letters of Credit.
In that regard, prior to the Closing, each Party shall promptly consult with one another with respect to, and, except as prohibited by applicable Law, provide any necessary information with respect to (and, in the case of correspondence, provide the other Party (or its counsel) copies of), all filings made by such Party with any Governmental Entity or any other information supplied by such Party to, or correspondence with, a Governmental Entity in connection with this Agreement and the Transaction.
Commissioner Phil Toomajian offered a friendly amendment of removing language referring to federal races ANC6A’s resolution.
During the 2016 US presidential campaign Donald Trump branded NATO ‘obsolete’, while French President Emmanuel Macron famously called NATO ‘brain dead’.
The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (i) the long‑term senior unsecured debt credit rating of any Series 2013-1 Letter of Credit Provider has fallen below “A (high)” as determined by DBRS or “A1” as determined by Moody’s or (ii) the short‑term senior unsecured debt credit rating of any Series 2013-1 Letter of Credit Provider has fallen below “R-1” as determined by DBRS or “P‑1” as determined by Moody’s.
Prior to 10:00 a.m. (New York City time) on the Business Day immediately succeeding the Series 2013-1 Letter of Credit Termination Date, the Administrator shall determine the Series 2013-1 Demand Note Payment Amount, if any, as of the Series 2013-1 Letter of Credit Termination Date and, if the Series 2013-1 Demand Note Payment Amount is greater than zero, instruct the Trustee in writing to draw on the Series 2013-1 Letters of Credit.
If there is more than one Class C Letter of Credit on the date of any draw on the Class C Letters of Credit pursuant to the terms of this Supplement, the Administrator shall instruct the Trustee, in writing, to draw on each Class C Letter of Credit in an amount equal to the Class C Pro Rata Share of the Series 2013-1 Letter of Credit Provider issuing such Class C Letter of Credit of the amount of such draw on the Class C Letters of Credit.
The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (i) the long-term senior unsecured debt credit rating of any Series 2013-1 Letter of Credit Provider has fallen below “A (high)” as determined by DBRS or “A1” as determined by Xxxxx’x or (ii) the short-term senior unsecured debt credit rating of any Series 2013-1 Letter of Credit Provider has fallen below “R-1” as determined by DBRS or “P-1” as determined by Xxxxx’x.