Trinity Letter of Credit means that certain Irrevocable Standby Letter of Credit in the amount of $2,184,000, dated January 20, 2015, issued by the Company for the benefit of Trinity Industries Leasing Company.
Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.
U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.
Supporting Letter of Credit has the meaning specified in Section 1.3(g).
Existing Letter of Credit means each letter of credit previously issued (or deemed issued) for the account of the Borrower, the Company or any of their respective Subsidiaries under the Existing Credit Facilities that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01C.
Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.
Commercial Letter of Credit means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party.
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.
Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.
Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.
Extended Letter of Credit has the meaning given that term in Section 2.3.(b).
Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.
Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.
Servicer Letter of Credit means a letter of credit, surety bond or insurance policy issued by a depository institution, insurance company or financial institution having a short-term credit rating at least equal to the Required Deposit Rating and providing that the Indenture Trustee may draw thereupon in the event the Servicer fails to deposit SUBI Collections into the 20[__]-[__] SUBI Collection Account on a monthly basis.
Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.
Letter of Credit Agreement has the meaning specified in Section 2.03(a).
Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.
Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.
Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.
Substitute Letter of Credit has the meaning set forth in Section 10.5(c).
Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.
Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.
Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.
Letter of Credit means any letter of credit issued pursuant to this Agreement.