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.

Letter of Credit Account means the account established by the Co-Borrowers under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, XX 00000, designated as the “United Air Lines/Continental Airlines L/C Account” that shall be used solely for the purposes set forth herein.

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 270 Park Avenue, New York, New York 10017 designated as the "Letter xx Xxxxxx Xxxxxxx" xxxx xxxxx xx xxxx xxlely for the purposes set forth in Section 2.03(b) and 2.13.

Examples of Letter of Credit Account in a sentence

Under Category 1, Letter of Credit Account, the amounts required to establish these accounts should be sufficient to cover any monthly balance that may occur during the year.
Accordingly, customers are encouraged to use their estimated highest monthly balance when determining the amount of the Letter of Credit Account.
To assist carriers with their June 30 “close,” OPM will provide a Report of Letter of Credit Account Activity no later than the fourth business day after the ending reporting period.
The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Letter of Credit Account.
To assist with the quarterly and fiscal year end SSB report, OPM will provide the current fiscal year Report of Letter of Credit Account Activity no later than the fourth business day after the ending reporting period.

More Definitions of Letter of Credit Account

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 270 Park Avenue, New York, NY 10017, designated as the “United Airlines L/C Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower after the Closing Date under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent, which shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account of that name established in the Revenue Fund pursuant to Section 5.03 hereof.

Letter of Credit Account means the account established by the Borrower after the Closing Date under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent at CRMS Documentation Unit, 000 Xxxxxxxxxx Xxxx, Xxxxxxxxx, XX 00000, which shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrowers 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 “Federal-Mogul Corporation Letter of Credit Account” that shall be used solely for the purposes set forth in Sections 2.3(a) and 2.13.

Letter of Credit Account means the non-interest bearing account established by the U.S. Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Smurfit-Stone U.S. Letter of Credit Account” that shall be used solely for the purposes set forth in Section 2.4(c) and Section 2.14.

Letter of Credit Account means the account so designated which is established and created as a separate account within the Bond Fund pursuant to Section 402 of the Indenture;