Singapore Letter of Credit definition

Singapore Letter of Credit means a Letter of Credit issued for the account of the Singapore Borrower.
Sample 1Sample 2Sample 3
Singapore Letter of Credit means the Letter of Credit issued to the Development Bank of Singapore for the account of Semiconductor Packaging Materials Co., a division of SEMX for an amount not exceeding the lesser of (i) SDP5,000,000 (calculated at the then current exchange rate) and (ii) US$3,000,000.
Sample 1

Examples of Singapore Letter of Credit in a sentence

  • The obligation of the Applicable Singapore Borrower to reimburse each Singapore Fronting Bank for any payment made under a Singapore Letter of Credit issued by such Singapore Fronting Bank shall be absolute, unconditional, irrevocable, and shall be paid without regard to any lack of validity or enforceability of any Singapore Letter of Credit or the existence of any claim, setoff, defense or other right that the Applicable Singapore Borrower or Loan Parties may have at any time against the beneficiary.

  • The liability of any of the Borrowers with respect to the indebtedness of ISP is limited to the amount of the Singapore Letter of Credit.

  • If as a result of fluctuations in Exchange Rates or otherwise the Dollar Equivalent of the Singapore LC Obligations exceeds the Singapore Letter of Credit Sublimit, the excess amount shall be payable by the Singapore Borrowers within three (3) Business Days following demand by the Agent or the Singapore Fronting Bank.

  • Singapore LC Application: an application by any Singapore Borrower on behalf of itself or any other Singapore Borrower to a Singapore Fronting Bank for issuance of a Singapore Letter of Credit, in form and substance reasonably satisfactory to such Singapore Fronting Bank.

  • Name of Lender Singapore Dollar Revolving Credit Commitment Swing Line Commitment Singapore Letter of Credit Commitment SGD Lending Office [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] Total [*] [*] [*] [*] Certain information on this page has been omitted and filed separately with the Securities Exchange Commission.

  • SINGAPORE DOLLAR REVOLVING CREDIT COMMITMENTS Name of Lender Singapore Dollar Revolving Credit Commitment Swing Line Commitment Singapore Letter of Credit Commitment Standing Payment Instruction, if any SGD Lending Office [*] [*] [*] [*] [*] [*] Total [*] [*] [*] [*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.

  • SINGAPORE DOLLAR REVOLVING CREDIT COMMITMENTS Name of Lender Singapore Dollar Revolving Credit Commitment Swing Line Commitment Singapore Letter of Credit Commitment SGD Lending Office [*] [*] [*] [*] [*] Total [*] [*] [*] [*] Certain information on this page has been omitted and filed separately with the Securities Exchange Commission.

  • No Singapore Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Singapore Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Singapore Letters of Credit would exceed the Maximum Singapore Available Amount.

Related to Singapore Letter of Credit

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

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

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

  • 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.

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

  • 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.

  • 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.

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

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

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

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any 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 Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

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

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility 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.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Letter of Credit Limit means $5,000,000.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • 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.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

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

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

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).