Xxxxxxx Letter of Credit definition

Xxxxxxx Letter of Credit means that certain Standby Letter of Credit No. F851676 in the original face amount of $380,000, issued by SunTrust Bank for the account of Xxxxxxx and naming Administrative Agent as beneficiary thereunder, a copy of which is attached hereto as Exhibit A-5, as such Letter of Credit may be amended, restated, amended and restated, supplemented or otherwise modified and in effect from time, and including, without limitation, all substitutions therefor, amendments thereof and modifications or extensions thereof.
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Xxxxxxx Letter of Credit means standby letter of credit no. SAS224663 issued by Bank for the account of GCI and for the benefit of Xxxxxxx-77, Ltd., as defined more fully in Section 2.2(b) hereof.
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Xxxxxxx Letter of Credit means the Irrevocable Letter of Credit -------------------------- issued by the Bank February 28, 1996, Credit No. 20961100 in favor of PNC Bank, National Association, Trustee for the benefit of the bondholders of the $4,300,000 Massachusetts Industrial Finance Agency Industrial Development Bonds (United Medical Corporation Issue, Series 1992).
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Examples of Xxxxxxx Letter of Credit in a sentence

  • Xxx Xxxxx 0X Xxxxx Xxxxxxx Letter of Credit shall secure Project Co’s performance of the Phase 2A Works (excluding the rectification of any Minor Deficiencies associated with the Phase 2A Works), the Phase 2A Commissioning and the Phase 2A Transition.

  • The Xxxxxxx Letter of Credit shall remain subject to the additional terms and conditions of the Xxxxxxx Letter of Credit Agreement.

  • In the case of a Xxxxxxx Letter of Credit, the amount of such corresponding Loan shall equal the unreimbursed L/C Disbursement measured in Euros not reimbursed by the Borrower multiplied by the Fixed Exchange Rate.

  • Interest shall be computed on the basis of a 360-day year, actual days elapsed, and shall be payable at the times and place set forth in the Line of Credit Note and the Xxxxxxx Letter of Credit Agreement.

  • Other than the Xxxxxxx Letter of Credit, each Letter of Credit shall be subject to the additional terms and conditions of the Letter of Credit Agreement and related documents, if any, required by Bank in connection with the issuance thereof.

  • Each Xxxxxxx Letter of Credit shall expire at or prior to the close of business on the date that is five Business Days prior to the Maturity Date.

  • To the extent a Xxxxxxx Letter of Credit is reduced or returned by the beneficiary thereunder, or drawn and reimbursed by the Borrower pursuant to the provisions hereof, a corresponding amount of Euros in the Credit-Linked Deposit Account will be converted to Dollars by the Administrative Agent (in accordance with Section 1.03) at the then prevailing exchange rate.

  • All Letters of Credit shall be denominated in Dollars except for any Xxxxxxx Letter of Credit, which shall be denominated in Euros.

  • Senior Debt Deutsche Bank Trust Company Americas, as a Lender under the Senior Credit Agreement Revolving Loan Principal $ 2,260,869.57 By: /s/ Dxxxx Xxxxxxx Name: Dxxxx Xxxxxxx Letter of Credit Exposure Title: Vice President $ 299,238.43 Term Loan Principal By: /s/ Dxxxx J.

  • In addition, Bank has issued the Xxxxxxx Letter of Credit for the account of Borrower in support of Borrower's real estate lease obligations to Xxxxxxx-77, Ltd.


More Definitions of Xxxxxxx Letter of Credit

Xxxxxxx Letter of Credit means the letter of credit issued in connection with the transactions contemplated by the Operative Documents.
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Xxxxxxx Letter of Credit means the standby letter of credit issued by Deutsche Bank AG upon an application by NRIPL in favor of Xxxxxxx in the amount of US$406,561 with the expiration date of 1 October 2023, including any renewals, amendments and replacements thereof;
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Related to Xxxxxxx Letter of Credit

  • 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.

  • U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.

  • 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.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • 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.

  • 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.

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • 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.

  • 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.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • 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.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit F, signed by a Responsible Official of Borrower and properly completed to provide all information required to be included therein.

  • 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.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Irrevocable letter of credit means an irrevocable letter on the financial institution’s standard form containing a request that the party to whom it is addressed pay the bearer or a person named therein money as a result of failure to perform or fulfill all the covenants, undertakings, terms, conditions and agreements contained in a contract.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • 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.