Underlying Letter of Credit means a documentary letter of credit that has been issued by an Underlying Issuer.
Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer. "United States" means the United States of America.
Examples of Underlying Letter of Credit in a sentence
The Loan Parties hereby authorize and direct any Underlying Issuer to deliver to the L/C Issuer all instruments, documents, and other writings and property received by such Underlying Issuer pursuant to such Underlying Letter of Credit and to accept and rely upon the Issuing Lender’s instructions with respect to all matters arising in connection with such Underlying Letter of Credit and the Letter of Credit Application.
More Definitions of Underlying Letter of Credit
Underlying Letter of Credit a letter of credit (as that term is defined in the UCC) that has been issued by an Underlying Issuer. Underlying Letters of Credit do not constitute Letters of Credit hereunder.
Underlying Letter of Credit means a US Underlying Letter of Credit, a Canadian Underlying Letter of Credit or a European Underlying Letter of Credit, as the case may be.
Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer. “Voidable Transfer” has the meaning set forth in S ection 17.7.
Underlying Letter of Credit has the meaning given such term in Section 2.11(r).
Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer. Any "Underlying Letter of Credit" issued in connection with the December 2000 Loan Agreement which is outstanding on the date hereof shall be deemed an Underlying Letter of Credit hereunder.
Underlying Letter of Credit issued in connection with the December 2000 Loan Agreement which is outstanding on the date hereof shall be deemed an Underlying Letter of Credit hereunder.
Underlying Letter of Credit has the meaning ascribed to it in the First Lien Credit Agreement as in effect on the date hereof.