Letter of Credit Guaranty definition

Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

Letter of Credit Guaranty means the guaranty delivered by CIT to the Letter of Credit Issuer, guaranteeing the Borrowers' reimbursement obligations under a reimbursement agreement, Letter of Credit Application or other like document.

Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

Examples of Letter of Credit Guaranty in a sentence

• In the event Shipper is no longer required to provide credit assurance pursuant to this Section 5, then upon Shipper’s request, Transporter shall promptly assist Shipper in releasing or terminating any Letter of Credit, Guaranty or other credit agreement or obtaining a return of any Deposit (but not any prepayment), in each case, that was posted pursuant to this Section 5.

• Forms of security which are acceptable to FirstEnergy Ohio Utilities are cash, Letter of Credit, Guaranty.

• These are largely related to inter alia, differences in calibration of weigh bridges and other measuring devices at our locations and those of transport service providers.

• The definition of the term "Letter of Credit Guaranty Fee" appearing in Section 1 of the Financing Agreement is hereby amended by deleting the word "may" and inserting the word "shall" in lieu thereof.

• Paragraph 8.3(a) of the Financing Agreement shall be amended in its entirety to provide as follows: (a) Letter of Credit Guaranty Fee; Bankers Acceptance Fee and Steamship Guaranty and Airway Release Fees.

More Definitions of Letter of Credit Guaranty

Letter of Credit Guaranty. FEE shall mean the fee the Agent may charge under paragraph 2 of Section 7 of this Financing Agreement for: i) issuing the Letter of Credit Guaranty or ii) otherwise aiding the Company in obtaining Letters of Credit pursuant to Section 4.

Letter of Credit Guaranty has the meaning assigned to such term in Section 2.06(a).

Letter of Credit Guaranty means the guaranty delivered by the Agent in behalf of the Lenders to the Issuing Bank of a Company's reimbursement obligation under the Issuing Bank's reimbursement agreement, Application for Letter of Credit or other like document.

Letter of Credit Guaranty means the guaranty delivered by CIT to the Letter of Credit Issuer, guaranteeing the Borrower's reimbursement obligations under a reimbursement agreement, Letter of Credit Application or other like document.

Letter of Credit Guaranty means the guaranty delivered by the Agent, on behalf of the Lenders, to the Issuing Bank of any Company reimbursement obligations under the Issuing Bank’s reimbursement agreement, application for Letter of Credit or other like document.

Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letters of Credit.

Letter of Credit Guaranty. Fee shall mean the fee the Lender may charge the Companies under Paragraph 8.3 of Section 8 of this Financing Agreement for: (a) issuing a Letter of Credit Guaranty, and/or (b) otherwise aiding the Companies in obtaining Letters of Credit, all pursuant to Section 5 hereof.