Definition of TD Letters of Credit

  1. TD Letters of Credit means (a) the Letter of Credit No. 1818, in the face amount of $217,773.00 issued by the Toronto-Dominion Bank to Zurich American Insurance Company, as Beneficiary, and (b) the Letter of Credit No. 1770, in the current face amount of $86,549.26 issued by Toronto-Dominion Bank to Carpinteria Bluffs Associates, LLC.

Examples of TD Letters of Credit in a sentence

  1. (d) On June 30, 2015, the Borrowers shall provide cash collateral covering 105% of the face amount of the Existing TD Letters of Credit in a manner acceptable to the Administrative Agent and TD Bank, N.A.

Definition of TD Letters of Credit in Credit Agreement

TD Letters of Credit means (a) the Letter of Credit No. 1818, in the face amount of $217,773.00 issued by the Toronto-Dominion Bank to Zurich American Insurance Company, as Beneficiary, and (b) the Letter of Credit No. 1770, in the current face amount of $86,549.26 issued by Toronto-Dominion Bank to Carpinteria Bluffs Associates, LLC.