An Early Termination Date definition

An Early Termination Date. (as defined in the Renewable Energy Credit Agreement dated as of between [Beneficiary Name] (“Beneficiary”) and [Account Party’s Name] (“Account Party”), as the same may be amended (the “REC Contract”)) has occurred and is continuing with respect to Account Party under the REC Contract and no Event of Default has occurred and is continuing with respect to the Beneficiary of this Letter of Credit. Wherefore, the undersigned does hereby demand payment of United States Dollars ($ ) [or the entire undrawn amount of the Letter of Credit]”; or
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An Early Termination Date. (as defined in the Renewable Energy Credit Agreement dated as of between [Beneficiary Name] (“Beneficiary”) and [Account Party’s Name] (“Account Party”), as the same may be amended (the “REC Contract”)) has occurred and is continuing with respect to Account Party under the REC Contract and no Event of Default has occurred and is continuing with respect to the Beneficiary of this Letter of Credit. Wherefore, the undersigned does hereby demand payment of United States Dollars ($ ) [or the entire undrawn amount of the Letter of Credit]”. This Letter of Credit shall expire on . The amount which may be drawn by you under this Letter of Credit shall be automatically reduced by the amount of any drawings paid by the Issuing Bank. Partial drawings and multiple presentations are permitted hereunder. We hereby agree with you that documents drawn under and in compliance with the terms and conditions of this Letter of Credit shall be duly honored upon presentation as specified. Drafts, document(s) and other communications hereunder may be presented or delivered to us by facsimile transmission. Presentation of documents to effect a draw by facsimile must be made to the following facsimile number: , and confirmed by telephone to us at the following number: . In the event of a presentation via facsimile transmission, no mail confirmation is necessary and the facsimile transmission will constitute the operative drawing documents. This Letter of Credit is subject to International Standby Practices (ISP98), International Chamber of Commerce (“ICC”) Publication No. 590, or any successor publication thereto. This Standby Letter of Credit shall be deemed to be made under the laws of the State of New York, including Article 5 of the Uniform Commercial Code, and shall, as to matters not governed by the International Standby Practices (ISP98), be governed by and construed in accordance with the laws of the State of New York, excluding any choice of law provisions or conflict of law principles which would require reference to the laws of any other jurisdiction. Rule 3.14(a) of the ISP as it applies to this Irrevocable Standby Letter of Credit is hereby modified to provide as follows: If on the last Business Day for presentation the place for presentation stated in this Letter of Credit is for any reason closed, then the last day for presentation is automatically extended to the day occurring thirty calendar days after the place for presentation reopens for business. Rule 3.14(b) o...
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An Early Termination Date. (as defined in the Master Netting, Setoff, and Security Agreement dated as of November ___, 2002, between MCV and El Paso Merchant Energy, L.P., as the same may be amended (the "Master Agreement")) has been designated with respect to the Account Party under the Master Agreement. Wherefore, the undersigned does hereby demand payment in the amount of [US$___________]." "To the extent the Master Agreement is terminated or otherwise fails to be in full force and effect so as to revive the "default" and "event of default" terms and conditions under the Underlying Master Agreements and Transactions (as defined in the Master Netting, Setoff, and Security Agreement dated as of November ___, 2002, between MCV and El Paso Merchant Energy, L.P., as the same may be amended (the "Master Agreement")), a "default", "event of default", "additional termination event", "early termination date" has occurred under the Underlying Master Agreements and/or Transactions (and with respect to a "default", "event of default" or "additional termination event" is continuing) with respect to the Account Party. Wherefore, the undersigned does hereby demand payment in the amount of [US$___________]"; or "The Beneficiary has requested alternate security from the Account Party and the Account Party has not provided alternate security acceptable to Beneficiary and this Letter of Credit has less than ten (10) business days until expiry. Wherefore, the undersigned does hereby demand payment in the amount of [US$___________]"; or "The Account Party has determined the Final Settlement Amount owed to the Beneficiary under the Master Netting, Setoff, and Security Agreement dated as of November___, 2002, between MCV and El Paso Merchant Energy, L.P., and has authorized the Beneficiary in writing, as evidenced by the signed authorization from the Account Party attached hereto, to draw down on the Letter of Credit in the amount of $_________." The amount which may be drawn by you under this Letter of Credit shall be automatically reduced by the amount of any drawings paid through the issuer of this Letter of Credit referencing this Letter of Credit No. ____. Partial drawings are permitted hereunder. We hereby agree with you that documents drawn under and in compliance with the terms of this Letter of Credit shall be duly honored upon presentation as specified. This Letter of Credit shall be governed by the Uniform Customs and Practice for Documentary Credits, 1993 Revision, International Chamber of ...
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Examples of An Early Termination Date in a sentence

  • An Early Termination Date (as defined in any Hedging Contract or such other equivalent definitions in any Hedging Contract) is designated under any Hedging Contract under section 6(a) of the relevant Hedging Master Agreement.

  • An Early Termination Date (as defined under the Swap Agreement) shall have occurred under the Swap Agreement.

  • An Early Termination Date (as defined in any Hedging Master Agreement) has occurred or been or become capable of being effectively designated under any Hedging Contract.

Related to An Early Termination Date

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Lease Termination Date means the last day of the Lease Term.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Agreement Termination Date is defined in Section 7.4.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Liquidity Termination Date means the earlier to occur of (a) May 12, 2014, as such date may be extended from time to time by Three Pillars’ Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to Three Pillars.