Issuer Letter of Credit definition

Issuer Letter of Credit means an irrevocable letter of credit issued by an Eligible Issuer LC Provider in favour of the Issuer Security Trustee (for itself and on behalf of the benefit of the Senior Noteholders) substantially in the form set out in schedule 13 (Form of Issuer Letter of Credit) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent.
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Issuer Letter of Credit means a letter of credit in form and substance reasonably satisfactory to the Issuer and the Borrower in the stated amount of $2,000,000 and any substitute letter of credit or credit facility in replacement thereof, in each case from a bank or financial institution reasonably acceptable to the Issuer.
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Examples of Issuer Letter of Credit in a sentence

  • Without limiting the foregoing, in the event of an unexpected closure of the Letter of Credit Issuer, Letter of Credit draws may be made up to only two Banking Days after the reopening of the Letter of Credit Issuer rather than the 30 day period provided in Rule 3.14(a) of the ISP.

  • Without limiting the foregoing, in the event of an unexpected closure of the Letter of Credit Issuer Letter of Credit draws may be made up to only two Banking Days after the reopening of the Letter of Credit Issuer rather than the 30 day period provided in Rule 3.14(a) of the ISP.

  • Without limiting the foregoing, in the event of an unexpected closure of the Letter of Credit Issuer Letter of Credit draws may be made up to only two (2) Banking Days after the reopening of the Letter of Credit Issuer rather than the thirty (30) day period provided in Rule 3.14(a) of the ISP.

  • Unless Agent notifies Letter of Credit Issuer that such Letter of Credit Action is not permitted hereunder or Letter of Credit Issuer notifies Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Letter of Credit Issuer, Letter of Credit Issuer shall, upon satisfaction of the applicable conditions set forth in Section 4.02, with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action.

  • Xxxx Xxxxxxxx, Corporate Secretary SCHEDULE 1.01(d) Existing Letters of Credit Account Party L/C Issuer Letter of Credit # Expiry Date Letter of Credit Amount Beneficiary Calavo Growers,Inc.

  • Not less than five (5) Domestic Business Days prior to the requested date of issuance of any such Letter of Credit, Borrower shall execute and deliver to Letter of Credit Issuer, Letter of Credit Issuer's customary letter of credit application ("Letter of Credit Application").

  • In any judicial proceeding to which the Issuer, Letter of Credit Bank or the Borrowers is a party and which in the opinion of the Trustee and its attorney has a substantial bearing on the interest of holders of the Bonds, the Trustee may intervene on behalf of the Bondholders and shall do so if requested in writing by the of at least twenty-five percent in the aggregate principal amount of Bonds then outstanding.

  • Borrower shall pay to the Letter of Credit Issuer, Letter of Credit Issuer’s other customary fees for issuance, amendment, or renewal of a Letter of Credit and, as Letter of Credit Issuer and Borrower may agree with respect to each Letter of Credit, for each negotiation of a draft drawn under such Letter of Credit.

  • Xxxxxxx Xxxxx Xxxxxxxxxxx Xxxxxx Xxxx Schedule C-1 Commitments Name of Lender Revolving Credit Commitment Xxxxx Fargo National Bank, N.A. $25,000,000 Total $25,000,000 Schedule D-1 Designated Account Xxxxx Fargo Bank, National Association – Account Number: 0000000000 (Performant Recovery Inc, Operating Acct) Schedule E-1 Existing Letters of Credit Issue Date Issuer Letter of Credit Ref.

  • ANNEX B EXISTING LETTERS OF CREDIT Letter of Credit Issuer Letter of Credit Number Beneficiary Principal Amount Expiration Date None.

Related to Issuer Letter of Credit

  • 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.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

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

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

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

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • 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 a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • 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.

  • 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.

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

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

  • Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

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

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • 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 any Group Member in the ordinary course of its business.

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