Examples of US Letter of Credit Advance in a sentence
The US Borrowers shall repay to the Primary US Agent for the account of the applicable Issuing Banks and each US Lender that has made a US Letter of Credit Advance the outstanding principal amount of each US Letter of Credit Advance made by each of them to the US Borrowers on the earlier of (i) the date of demand therefor and (ii) the Termination Date.
They welcomed also the resolution adopted by the Council of Ministers of the Organisation of African Unity in 1991 (CM/Res.1356 {LIV}) on the Bamako Convention on the Ban on the Import of Hazardous Wastes into Africa and on the Control of Their Trans-boundary Movement within Africa.
The Family does not own or have any interest in the contract unit.
The payment by the Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by the Issuing Bank of a U.S. Letter of Credit Advance, which shall initially be a Base Rate Advance (and which may be Converted pursuant to and in accordance with Section 2.06), in the amount of such draft.
Each U.S. Revolving Credit Lender agrees to purchase its Pro Rata Share of an outstanding U.S. Letter of Credit Advance on (i) the Business Day on which notification is given by the Issuing Bank of a draft on a Letter of Credit; provided notice of such draft is given not later than 12:00 P.M. (New York City time) on such Business Day or (ii) the first Business Day next succeeding such notice if notice of such draft is given after such time.
If such Lender shall pay to the Administrative Agent such amount for the account of the Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute a U.S. Letter of Credit Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the U.S. Letter of Credit Advance made by the Issuing Bank shall be reduced by such amount on such Business Day.
Upon the request of the US Administrative Agent or any US Issuing Bank (A) if such US Issuing Bank has honored any full or partial drawing request under any US Letter of Credit and such drawing has resulted in a US Letter of Credit Advance, or (B) if, as of the US Letter of Credit Expiration Date, any US L/C Obligation for any reason remains outstanding, the US Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all US L/C Obligations.
The co-occurrence of adolescent boys' and girls' use of psychologically, physically, and sexually abusive behaviours in their dating relationships.