Equity Letter of Credit has the meaning assigned to it in the Collateral Agency Agreement.
Equity Letter of Credit means each Kiewit Equity Letter of Credit and Meridiam Equity Letter of Credit, each as defined in the Equity Contribution Agreement.
Equity Letter of Credit means each letter of credit provided in accordance with this Agreement that constitutes Acceptable Credit Support.
Examples of Equity Letter of Credit in a sentence
The Financing Documents will require each Equity Member to provide an Equity Letter of Credit, the aggregate amount of which must be at least equal to the unfunded equity committed to the Project during the D&C Term.
Equity Letter of Credit means the letter of credit furnished to secure each Equity Member’s performance of its obligations under the Project Financing Agreements.
Note is made that the amount represented by the Equity Letter of Credit will be the source of the funds needed to be paid to the Investor at the time of the merger of the Owner Trust and the SPE, if such merger is elected by the SPE.
When you look at many stats and you compare North America, the UK and Europe to us, the level of disability entrepreneurship compared to non-disabled folk is much higher in those other countries than it is here.
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More Definitions of Equity Letter of Credit
Equity Letter of Credit shall have the meaning assigned to such term in the Equity Contribution and Retention Agreement.
Equity Letter of Credit means an irrevocable standby letter of credit, denominated in dollars, issued in favor of the Collateral Agent by a Qualified Issuer, in form and substance satisfactory to the TIFIA Lender.
Equity Letter of Credit means an irrevocable letter of credit issued by an LOC Issuer, naming the Administrative Agent as beneficiary, which (a) shall be in the form of EXHIBIT A hereto and (b) have a face amount equal to the initial Equity Contribution Commitment.
Equity Letter of Credit means an irrevocable letter of credit issued by a Qualified Letter of Credit Issuer, naming Cogentrix/Batesville as the account party and the Collateral Agent as beneficiary, which (a) shall be substantially in the form of Exhibit A hereto, (b) shall have a face amount equal to the Equity Amount and (c) shall expire on the date upon which the Equity Contributor has indefeasibly paid in full an Equity Contribution equal to the Equity Amount pursuant to Section 2.
Equity Letter of Credit means, a letter of credit that may be delivered to the Collateral Agent at the election of a Owner Lessor in total or partial satisfaction of the amount on deposit in the applicable subaccount of Equity Account in accordance with Section hereof. "FINANCING DOCUMENTS" means the Operative Documents and each indenture, loan agreement, underwriting agreement, security purchase agreement or other document entered into in connection with any Permitted Indebtedness.
Equity Letter of Credit means an irrevocable standby letter of credit, substantially in the form of Exhibit C attached hereto, containing a one-year term with an automatic renewal clause (except if such Acceptable LC Provider is prohibited from issuing standby letters of credit containing automatic renewal clauses pursuant to internal or Government Rules) naming the Administrative Agent (for the benefit of the Lenders), as the beneficiary and otherwise issued by an Acceptable LC Provider in form, scope and substance satisfactory to the Administrative Agent. Any such letter of credit must be drawable prior to its stated maturity if, (a) it is not renewed or replaced, at least thirty (30) days prior to its stated maturity date or (b) a Negative Credit Event occurs with respect to the issuer and a replacement letter of credit has not been obtained from an Acceptable LC Provider within the earlier of (x) thirty (30) days after the downgrade giving rise to such Negative Credit Event and (y) two (2) Business Days prior to its stated maturity date. The Borrower shall not be the applicant in respect of any such letter of credit, and any such letter of credit shall not otherwise constitute Indebtedness of the Borrower or be secured by a Lien on any of the property of the Borrower that is subject to the Lien intended to be created by the Security Documents. For avoidance of doubt, in the event the DSRA Letter of Credit is issued without an automatic renewal clause, the beneficiary shall not be required to provide the Borrower or the applicant with any notice prior to drawing thereunder.
Equity Letter of Credit means an irrevocable letter of credit (including any replacement irrevocable letter of credit provided therefor from time to time in accordance with Section 3.1(b)) (a) that is provided by, or on behalf of, the Contributor in support of the Equity Commitment, (b) that is issued by an Acceptable L/C Issuer, (c) that names the Collateral Agent (for the benefit of the Secured Parties) as the beneficiary thereunder, (d) for which the reimbursement obligations are not secured by any of the Collateral, (e) that names a Person other than any Obligor as the account party subject to payment of reimbursement obligations thereunder (and with respect to which none of the Obligors is directly or indirectly liable for the payment of reimbursement obligations) and (f) is in form and substance reasonably satisfactory to the Collateral Agent.