New Letter of Credit definition

New Letter of Credit any letter of credit issued pursuant to this Agreement and any successive renewals or extensions thereof.
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New Letter of Credit as defined in Section 2.10.
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New Letter of Credit means each letter of credit (other than the Existing Letters of Credit) issued by the Issuer for the account of the Borrower pursuant to Section 2.02A.
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Examples of New Letter of Credit in a sentence

  • Letters of Credit 0.00 Total New Letter of Credit Balance: 0.00 33 A.

  • Each date on which the New Letter of Credit shall reduce in accordance with this Section 4.g. is referred to herein as a “Reduction Date”.

  • In the event of such a transfer, the transfer will be accomplished by providing the issuing bank with the appropriate transfer form, the original of the New Letter of Credit, for endorsement and the appropriate notarized certification signed by Landlord.

  • The Take Back Debt Agreement, the New Letter of Credit Agreement, and the Existing L/C Escrow Agreement(s) shall constitute legal, valid, and binding obligations of Reorganized Paragon enforceable in accordance with their terms.

  • The New Letter of Credit will be honored by the issuing bank without inquiry as to the accuracy thereof and regardless of whether Tenant disputes the content of such statement.


More Definitions of New Letter of Credit

New Letter of Credit has the meaning set forth in Section 4.05(b) to this Agreement.
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New Letter of Credit means any irrevocable evergreen
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New Letter of Credit means any letter of credit (the expiry date of which shall not extend beyond the Termination Date) obtained by the Borrower after the Closing Date, which is to be supported by cash collateral, provided from the proceeds of New Facility Loans made by the Lenders under this Agreement.
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New Letter of Credit shall have the meaning specified in Section 1.1(c).
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New Letter of Credit shall have the meaning assigned thereto in Section 3.1(a)
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New Letter of Credit has the meaning set forth in Section 6.3.4.
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New Letter of Credit shall have the meaning given such term in PARAGRAPH 2(b) above.
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