Examples of US Letter of Credit Obligations in a sentence
Upon any Issuance of a US Letter of Credit in accordance with the terms of this Agreement resulting in any increase in the US Letter of Credit Obligations, each US Lender shall be deemed to have acquired, without recourse or warranty, an undivided interest and participation in such US Letter of Credit and the related US Letter of Credit Obligations in an amount equal to its Commitment Percentage of such US Letter of Credit Obligations.
The aggregate amount of US Letter of Credit Obligations with respect to all US Letters of Credit outstanding or unreimbursed at any time shall not exceed $10,000,000 (“US L/C Sublimit”).
Each Administrative Agent and each Lender may record and otherwise treat the making of such Borrowings as the making of (1) a US Borrowing to the US Borrower under this Agreement as if requested by the US Borrower with respect to US Letter of Credit Obligations and (2) a Canadian Borrowing in the same Designated Currency as the applicable Canadian Letters of Credit to the Canadian Borrower under this Agreement as if requested by the Canadian Borrower with respect to Canadian Letter of Credit Obligations.
This new section of the Bill has not been subject to prior consultation and while our members note the intention is to amplify the meaning of ‘a reasonable opportunity to participate’ in virtual meetings, they consider there are some practical difficulties with the inclusion of this untested provision.
Previously for a long time, the central government were to propagate the unity and integrity within the scope of the Unitary of Republic of Indonesia (NKRI), which was also still mentioned in the Constitution (Article 1 (1)).29 Respect for human rights also means appreciation of diversity (plurality) and the recognition of local traditions.