Trade Letters of Credit definition

Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

Trade Letters of Credit means trade letters of credit issued in support of trade obligations of Borrowers or the Subsidiaries incurred in the ordinary course of business.

Trade Letters of Credit as defined in Section 2.10(a).

Examples of Trade Letters of Credit in a sentence

• Use the issuances of Trade Letters of Credit solely for general corporate purposes of the Company and the LC Subsidiaries.

• There currently are outstanding certain Trade Letters of Credit issued by the LC Issuer under the Existing Letter of Credit Agreement the outstanding balance of each of which is set forth on Schedule II hereto (as such Schedule may be modified between the date hereof and the fifth Business Day after the Effective Date) (collectively, the “Existing Letters of Credit”).

• For purposes of calculating Commitment Fees only, no portion of the Revolving Credit Commitments shall be deemed utilized as a result of outstanding Swingline Loans or Trade Letters of Credit.

• Each Issuing Bank agrees to provide to the Borrowers and the Administrative Agent (i) no later than the close of business on each Business Day, a written notice of the aggregate outstanding Trade Letters of Credit issued by such Issuing Bank as of the previous Business Day and (ii) any other information the Administrative Agent may reasonably request from time to time with respect to Letters of Credit issued by such Issuing Bank.

• The Trade Letters of Credit will be used for importation and purchasing of inventory by Borrower and its Restricted Subsidiaries.

More Definitions of Trade Letters of Credit

Trade Letters of Credit means Letters of Credit issued for the purpose of providing the principal payment mechanism for the purchase of goods through the presentation of documents to the Issuing Lender.

Trade Letters of Credit means letters of credit issued in support of trade obligations of the Borrower and its Subsidiaries incurred in the ordinary course of business.

Trade Letters of Credit as defined in Section 2.8(a).

Trade Letters of Credit shall have the meaning provided in Section 2.01(a) of this Agreement.

Trade Letters of Credit means each documentary letter of credit ----------------------- in respect of the purchase of goods and services by the Company or any of its Subsidiaries in the ordinary course of business.

Trade Letters of Credit means any commercial documentary trade letters of credit issued by the Bank pursuant to this Agreement for the account of the Company or any of its Subsidiaries for the purchase of goods in the ordinary course of business.

Trade Letters of Credit means any Letters of Credit that are issued hereunder for the benefit of a supplier of inventory to any Borrower to effect payment of such inventory.