Letter of Credit Agreement definition

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

Letter of Credit Agreement means any financing agreement relating to a Credit Facility for so long as such agreement will be in effect.

Letter of Credit Agreement means, in respect of each Letter of Credit, the application and related documentation satisfactory to the Issuing Bank of an Account Party or Account Parties requesting Issuing Bank to issue such Letter of Credit, as amended from time to time.

Examples of Letter of Credit Agreement in a sentence

• Except for those provisions specifically amended pursuant to Article II hereof, all other provisions of the Letter of Credit Agreement shall and do remain in effect and unchanged.

• In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this Agreement, the provisions of this Agreement shall govern.

• In executing and delivering this First Amendment, the Issuing Bank shall be entitled to all of the privileges and immunities afforded to the Issuing Bank under the terms and provisions of the Letter of Credit Agreement.

• In addition, if the amount of Stand-by Letter of Credit amount of the Stand-by Letter of Credit Agreement does not exceed 2,000,000 (two million) GEL or equivalent in other currencies (at the fixed rate by the National Bank of Georgia on the day of writing to the Bank), the Bank Provides to cover The above mentioned obligations on the date of receiving written appeal or if the written appeal was made during non-working hours, no later than the next banking day.

• Initially capitalized terms and phrases used in this First Amendment and not defined elsewhere in this First Amendment shall have the meaning ascribed to them in the Letter of Credit Agreement.

More Definitions of Letter of Credit Agreement

Letter of Credit Agreement means the collective reference to any and all applications, reimbursement agreements and other agreements from time to time entered into by the Letter of Credit Issuer and the Borrowers, to be in form and substance reasonably satisfactory to the Letter of Credit Issuer, pursuant to which the Letter of Credit Issuer issues Letters of Credit for the account of the Borrowers in accordance with the terms of this Agreement, as amended, restated, supplemented or otherwise modified from time to time.

Letter of Credit Agreement means the standby letter of credit agreement executed by Borrower in connection with the Original Credit Agreement and attached hereto in the form of Exhibit C, either as originally executed or as it may from time to time be supplemented, modified, amended, extended, restated or supplanted.

Letter of Credit Agreement means an application and agreement for stand-by or commercial letter of credit in such form as may at any time be customarily required by the Agent for its issuance of stand-by or commercial letters of credit.

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

Letter of Credit Agreement means an Application and Agreement for Letter of Credit on the Lender’s standard form, as such form may be revised by the Lender in its discretion at any time and from time to time hereafter.

Letter of Credit Agreement means this Agreement and any other agreement of Borrower with Bank and relating to Borrower's obligation to reimburse Bank with respect to amounts paid under any Letter of Credit and/or the granting of a Lien to Bank to secure any such obligation, together with any and all extensions, revisions, modifications or amendments at any time made thereto.

Letter of Credit Agreement has the meaning assigned to such term in Section 2.17(b).