Tranche B Letter of Credit definition

Tranche B Letter of Credit means any Letter of Credit issued under the Tranche B Commitment.

Tranche B Letter of Credit means any Letter of Credit issued under the Tranche B Commitment. Unencumbered Asset Reserve Requirement is defined in Section 6.2.

Tranche B Letter of Credit means a letter of credit that is issued by a Fronting Bank pursuant to a Request for Issuance specifying that such letter of credit is to use the Tranche B Commitments, as such letter of credit may from time to time be amended, modified or extended in accordance with the terms of this Agreement.

Examples of Tranche B Letter of Credit in a sentence

• In the case of any such notice requesting the issuance of a Letter of Credit, such notice also shall specify whether such Letter of Credit is to be a Tranche A Letter of Credit or a Tranche B Letter of Credit.

• Yet evidence indicates that poverty can have a strong ethnic dimension in some countries.38 This implies that tackling social exclusion for such groups is important not only for reducing poverty of such groups but also raising growth for the coun- try as a whole.

• Notwithstanding anything herein or in any Letter of Credit Document to the contrary, the Tranche B Letter of Credit may not be increased or extended.

• While local communities have become a critical governance actor in mining projects (Prno & Slocombe 2012, p.

• InformationSchool Calendar is located on the website https://www.hope-page.k12.nd.us/A substitute teacher at Hope-Page Schools needs to have obtained a North Dakota Substitute or Teacher license.

More Definitions of Tranche B Letter of Credit

Tranche B Letter of Credit as defined in subsection 8.1(c).

Tranche B Letter of Credit means any Letter of Credit issued under the -------------------------- Tranche B Commitment. Unencumbered Asset Reserve Requirement is defined in Section 6.2. ----------------------------------------- ------------ Unencumbered Assets means Investment Grade Assets of the Borrower -------------------- which are not subject to any Liens.

Tranche B Letter of Credit in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche B Letter of Credit” means each Letter of Credit that either (i) was issued prior to the Tranche A Availability Period End Date and, together with all previously issued and outstanding Tranche A Letters of Credit, has an aggregate Tranche A LOC Amount at the time of issuance greater than the Tranche A LOC Commitment (provided that the Borrower may by notice to the Issuing Lender elect for a Letter of Credit to be a Tranche B Letter of Credit where the aggregate LOC Amount of all issued and outstanding Tranche A Letters of Credit is greater than $40,000,000, or such other amount as agreed and confirmed in writing by the Issuing Lender in its sole discretion) and is not a Tranche A Letter of Credit, or (ii) was issued or extended on or after the Tranche A Availability Period End Date but prior to the Tranche B Availability Period End Date, or (iii) is a Tranche A Letter of Credit that has been amended to increase the LOC Amount, resulting in all issued and outstanding Tranche A Letters of Credit having an aggregate LOC Amount that is greater than the Tranche A LOC Commitment, in which case such Tranche A Letter of Credit shall be re-designated as a Tranche B Letter of Credit. (j) The definition of “Tranche B LOC Commitment” in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche B LOC Commitment” is equal to $40,000,000. (k) Section 2.01(a)(i) is hereby deleted and replaced in its entirety to read as follows: (i)

Tranche B Letter of Credit means any Letter of Credit issued under the Revolving B Facility. “Tranche Conversion” has the meaning specified in Section 2.04(a).

Tranche B Letter of Credit. Outstandings representing in the aggregate in excess of 50% of the aggregate principal amount of such Loans outstanding or, if no Loans are outstanding, Banks having Commitments representing in excess of 50% of the Total CommitmentTranche A Letter of Credit Outstandings and Tranche B

Tranche B Letter of Credit means a Letter of Credit issued -------------------------- under Section 3.6. -----------

Tranche B Letter of Credit or "TRANCHE B LETTERS OF CREDIT" means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Issuing Lenders for the account of a Borrower with respect to Tranche B Revolving Loan Commitments pursuant to subsection 3.1 and the Existing Letters of Credit.