Support Letter definition
Examples of Support Letter in a sentence
Contractor will provide a “Welcome Kit” that includes CashTrak guidelines, Authorized Agent Card documentation, bar-code stickers, consignment log book, and a Client Support Letter.
Holdings represents that, to the best of its knowledge, the maximum amount that Holdings has been or will be required to invest under the Existing UK Support Letter during the period from October 24, 2007 to October 24, 2008, will not exceed $6,000,000 in the aggregate, of which no more than $2,000,000 will consist of Intercompany Cash Loans and the balance will consist of Intercompany Settlement Loans.
Either (i) a Sponsor Support Payment has not been funded when required in accordance with the Sponsor Support Agreement; or (ii) any portion of the Sponsor’s obligations under the Sponsor Support Agreement is not supported by credit support from an Acceptable Sponsor Support Letter of Credit Provider or funded into a cash collateral account, the Prepayment Account or the Construction Account (as applicable) as contemplated by the Sponsor Support Agreement for a period of fifteen (15) consecutive days.
No amendment to this Agreement and any Authority Support Letter shall be effective unless it is in writing and signed by or on behalf of each of the parties hereto, but the Recipient shall comply with any formal procedures for amending agreements which the Authority may have in place from time to time, and shall not unreasonably withhold or delay its consent to any amendment proposed by the Authority.
In the event that the Company shall not be awarded the contract referenced in the Support Letter (Solicitation No. BAA N00l 78-01 -Q-3040), the Company shall upon the receipt of the first event of communication from the Navy concerning notice of such potential award or rejection pay to SBI a non-refundable fee of $50,000.