Supporting Letter of Credit definition

Supporting Letter of Credit has the meaning specified in Section 2.3(g).
Supporting Letter of Credit is defined in Section 2.1.2(l).
Supporting Letter of Credit means a standby letter of credit, in form and substance satisfactory to Agent and the Fronting Lender, issued by an issuer satisfactory to Agent and the Fronting Lender.

Examples of Supporting Letter of Credit in a sentence

  • Such Supporting Letter of Credit or deposit of cash shall be held by the Agent, for the ratable benefit of the Agent and the Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit or such credit support remaining outstanding.


More Definitions of Supporting Letter of Credit

Supporting Letter of Credit means a letter of credit that supports the payment or performance of one or more items included in the Collateral.
Supporting Letter of Credit shall have the meaning specified in Section 2.18(i).
Supporting Letter of Credit has the meaning set forth in SECTION 3.9.
Supporting Letter of Credit has the meaning specified in Section 1.4(g).
Supporting Letter of Credit has the meaning specified in Section 2.4(j).
Supporting Letter of Credit means a standby letter of credit, in form and substance reasonably satisfactory to Agent and the Fronting Lender, issued by an issuer reasonably satisfactory to Agent and the Fronting Lender.
Supporting Letter of Credit means a standby letter of credit, in form and substance satisfactory to the Administrative Agent, issued by an issuer satisfactory to the Administrative Agent, in a stated amount equal to 105% of the Letter of Credit Shortfall Amount.