Additional Letter of Credit definition

Additional Letter of Credit means any letter of credit issued hereunder by an Issuing Lender on or after the Closing Date.
Additional Letter of Credit means any letter of credit issued under this Agreement by Wachovia Bank, National Association, as Issuing Lender, on or after the Closing Date.
Additional Letter of Credit means a letter of credit issued hereunder by the Fronting Bank on or after the Effective Date.

Examples of Additional Letter of Credit in a sentence

  • Upon any such application of Security Proceeds by Landlord, Tenant shall, within 30 days of written demand therefor, deliver to Landlord an Additional Letter of Credit in the amount of Security Proceeds so applied.

  • Each Additional Letter of Credit shall expire at or prior to the close of business on the date one (1) year after the date of the issuance of such Additional Letter of Credit (or, in the case of any renewal or extension thereof, one (1) year after such renewal or extension).

  • Immediately upon the delivery of the Additional Letter of Credit to Sellers, Citadel and DBC of Tennessee shall execute and deliver a joint notice to the Escrow Agent instructing the Escrow Agent to release the entire Escrow Amount to Citadel.

  • By the issuance of an Additional Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the relevant Fronting Bank or the Lenders, the relevant Fronting Bank hereby grants to each Lender, and each Lender hereby acquires from such Fronting Bank, a participation in such Letter of Credit equal to such Xxxxxx’s Revolving Percentage of the aggregate amount available to be drawn under such Letter of Credit.

  • If requested by the relevant Fronting Bank, the Borrowers also shall submit a letter of credit application in a form reasonably acceptable to the relevant Fronting Bank in connection with any request for an Additional Letter of Credit.


More Definitions of Additional Letter of Credit

Additional Letter of Credit means each letter of credit issued pursuant to an Additional L/C Facility.
Additional Letter of Credit means a letter of credit issued hereunder by the Issuing Bank on or after the Effective Date.
Additional Letter of Credit means any standby letter of credit issued under this Agreement by an Issuing Lender on or after the Effective Date.
Additional Letter of Credit means any letter of credit issued hereunder by an Issuing Lender at any time following the Closing Date.
Additional Letter of Credit means the letter of credit listed on Schedule VII.
Additional Letter of Credit means any letter of credit issued under --------------------------- this Agreement by First Union National Bank, as Issuing Lender, on or after the Closing Date.
Additional Letter of Credit. $4,000,000.00 in the form of a Letter of Credit (subject to and in accordance with the terms and conditions of Section 8.18). BASE OPERATING EXPENSES PER SQUARE FOOT OF RENTABLE FLOOR AREA OF PREMISES: Annual Operating Expenses per square foot for calendar year 2001 BASE TAXES PER SQUARE FOOT OF RENTABLE FLOOR AREA OF PREMISES: Actual Taxes per square foot for calendar year 2001 LAND: The parcel of land upon which the Building is situated including parking areas, garages, drives, walks, landscaped areas and other common areas serving the Building as more particularly described on Exhibit A-2 attached hereto.