Special Letter of Credit definition

Special Letter of Credit has the meaning specified in Section 2.01(c).

Special Letter of Credit means each standby Letter of Credit issued to the respective beneficiary thereof by the Issuing Bank for the account of the Borrower pursuant to the terms of this Agreement, having an expiration date not more than one (1) year after the date of issuance thereof and having a face amount which, when added to all Letters of Credit then outstanding or issued contemporaneously therewith, would not exceed the L/C Subfacility.

Special Letter of Credit means the Letter of Credit issued August 27, 2007 for the benefit of GE Canada Finance Holding Company, as agent, which supports the guarantee by Lower Lakes of the loan facility extended to Voyageur Maritime Trading Inc.

Examples of Special Letter of Credit in a sentence

• The project performance monitoring should be carried out by all PPMUs and will be submitted to ADB through CPMU for consolidation, on an annual basis to ensure that the intended project benefits are receive and that the distribution of benefits amongst households in the irrigation command areas are received equitably throughout.

• Each such payment shall be made to such Issuing Bank at its address for notices specified herein in Dollars (or, in the case of any Special Letter of Credit which is not denominated in Dollars, in lawful money in the currency in which such Special Letter of Credit is denominated) and in immediately available funds.

• Officers gave chase and Officer Kleinsorgen slipped on a rail and fell head first into a railroad tie sustaining multiple cuts and a concussion.

• The United States dollar amount of the Loan disbursed under this Section will be.the United States· dollar equiva­ lent of local currency disbursements determined at the rate of exchange provided for in said Special Letter of Credit Implementation Memorandum prevailing as of the date of each respective disbursement as defined in Section 6.04 (b).

• He based his comments on conclusions from some behavioral economists, that individuals have difficulty accurately discounting future payments and thus over-value lump sums.

More Definitions of Special Letter of Credit

Special Letter of Credit shall have the meaning provided in Section 3.1(c).

Special Letter of Credit shall have the meaning assigned to such term in subsection 4.1;

Special Letter of Credit means a Letter of Credit issued for the account of a joint venture which is an Affiliate of the Borrower or in which the Borrower is a participant and as to which responsibility for the reimbursement of L/C Disbursements is to be shared on a several basis by the Borrower and one or more other persons, with each such person being responsible for the reimbursement of a specified percentage of any drawings under such Letter of Credit.

Special Letter of Credit is hereby added to Section 1.1 of the Original Agreement immediately following the definition of "Series C Units":

Special Letter of Credit has the meaning specified in Section 2.01(b). “Specified Acquisition” means one or more acquisitions of assets, equity interests, entities, operating lines or divisions in any fiscal quarter for an aggregate purchase price of not less than $200,000,000 (it being understood that such consideration shall be determined based on the payment made at the time of the transaction, without regard to any subsequent or earnout payments). “Sterling” means the lawful currency of the United Kingdom of Great Britain and Northern Ireland. “Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate (whether or not existing as at the date hereof) of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. “Taxes” has the meaning specified in Section 2.14(a). “Term SOFR” means,

Special Letter of Credit has the meaning specified in Section 2.01(b). Interpublic Credit Agreement

Special Letter of Credit means a standby letter of credit caused to be issued by Agent on behalf of Borrower for the benefit of The Park Avenue Bank, N.A. in a maximum face amount equal to $106,875.