Program LOC definition

Program LOC means that certain amended and restated irrevocable transferable letter of credit no. S579017, dated August 13, 1996, issued by the Enhancer at the request of Amsterdam, and each letter of credit issued in substitution or replacement therefor.
Sample 1
Program LOC means that certain amended and restated irrevocable transferable letter of credit No. 55501 15, dated November 3, 1995, issued by the Enhancer at the request of Windmill, and each letter of credit issued in substitution or replacement therefor.
Sample 1
Program LOC means that certain irrevocable transferable letter of credit issued by the Program LOC Provider pursuant to the Letter of Credit Agreement, and each letter of credit issued in substitution or replacement therefore.
Sample 1

Examples of Program LOC in a sentence

  • ABN AMRO Bank N.V., as the Agent, as a Bank and as the Program LOC Provider By: Title: By: Title: Windmill Funding Corporation By: Title: BWA Receivables Corporation By: Title: Borg-Warner Automotive, Inc.

  • ABN AMRO BANK N.V. as the Agent, as a Bank and as the Program LOC Provider By: Title: WINDMILL FUNDING CORPORATION By: Title: BWA RECEIVABLES CORPORATION By: Title: BORGWARNER INC.

  • ABN AMRO Bank N.V., as the Agent, as a Bank and as the Program LOC Provider By: Title: By: Title: Windmill Funding Corporation By: Title: BWA Receivables Corporation By: Title: BorgWarner Inc.

  • Reference is made to the Receivables Sale Agreement dated as of October 1, 1999 (as amended prior to the date hereof, the “Original Sale Agreement”), among the Seller, the Initial Collection Agent, the Agent, the Liquidity Providers party thereto, ABN AMRO Bank N.V., as provider of the Program LOC (the “Enhancer”), and Amsterdam Funding Corporation.

  • Reference is made to the Receivables Sale Agreement dated as of December 30, 1999 (as amended prior to the date hereof, the "Original Sale Agreement"), among the Seller, the Initial Collection Agent, the Agent, the Liquidity Providers party thereto, ABN AMRO Bank N.V., as provider of the Program LOC (the "Enhancer"), and Amsterdam Funding Corporation.

  • The Agent may, in its sole and absolute discretion with the prior written consent of the Required Banks, Windmill and the Program LOC Provider, pay all or any portion of the Collection Agent Fee to the Collection Agent from Collections that are part of the Secured Interest.

  • The Successor Program LOC Provider must be a depository institution organized under the laws of an OECD Country.

  • With respect to the acquisition of the Secured Interest, the Agent shall have the same rights and powers under this Agreement as any Bank and the Program LOC Provider, as the case may be, and may exercise the same as though it were not the Agent, and the terms Bank, Program LOC Provider and Lender (as the case may be) shall include the Agent in its individual capacity.

  • Neither the Program LOC Provider nor any Bank shall have any obligation to make any Loan, if at the time of such Loan and after giving effect thereto, there shall exist a Termination Event or Potential Termination Event.

  • In the event that any Bank or the Program LOC Provider shall cease to have a short-term debt rating of A-1+ or better by S&P and P-1 or better by Moody's (an "Affectxx Xxxx"), Windmill may direct the Agent to obtain a replacement Bank (a "Replacement Bank") or a replacement Program LOC Provider (as the case may be) acceptable to Windmill for such Affected Bank.


More Definitions of Program LOC

Program LOC means, for Amsterdam, the irrevocable transferable letter of credit No. S579017, dated June 11, 1997, issued by the Amsterdam Enhancer at the request of Amsterdam, and each letter of credit issued in substitution or replacement therefor and, for Windmill, the irrevocable transferable letter of Credit No. S550115, dated November 3, 1995, issued by the Windmill Enhancer at the request of Windmill, and each letter of credit issued in substitution or replacement therefor.
Sample 1

Related to Program LOC

  • Program services means services that include all of the following provided they are pursuant to a program agreement: program needs assessment and development, job task analysis, curriculum development and revision, instruction, instructional materials and supplies, computer software and upgrades, instructional support, administrative and student services, related school to career training programs, skill or career interest assessment services and testing and contracted services.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Program Staff means an employee or individual who by contract with the program provides a service and has the applicable competencies, qualifications, or certification required to provide the service.

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Application Program means a computer program which is intended to be executed for the purpose of performing useful work for the user of the information being processed. Application programs are developed or otherwise acquired by the user of the Hardware/Software system, but they may be supplied by the Contractor.

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Program Manual means the United States Department of Agriculture, Animal and Plant Health Inspection Service, Plant Protection and Quarantine, Gypsy Moth Program Manual, 1994 edition.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • Limited Documentation Program The guidelines under which the Seller generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor.

  • Program Manager refers to the professional management firm selected by the Owner as the Owner’s representative for the Project, and its employees and consultants.

  • Program Agreement means an agreement between the Contractor and DSHS containing special terms and conditions, including a statement of work to be performed by the Contractor and payment to be made by DSHS.

  • Program Guide The Residential Funding Seller Guide for mortgage collateral sellers that participate in Residential Funding's standard mortgage programs, and Residential Funding's Servicing Guide and any other subservicing arrangements which Residential Funding has arranged to accommodate the servicing of the Mortgage Loans.

  • Individualized education program or “IEP” means a written statement for a child with a disability as defined in 14 DE Admin. Code 922.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Program Support Agreement means and includes any Liquidity Agreement and any other agreement entered into by any Program Support Provider providing for: (a) the issuance of one or more letters of credit for the account of any Conduit Purchaser, (b) the issuance of one or more surety bonds for which the such Conduit Purchaser is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, (c) the sale by such Conduit Purchaser to any Program Support Provider of the Purchased Interest (or portions thereof) maintained by such Conduit Purchaser and/or (d) the making of loans and/or other extensions of credit to any Conduit Purchaser in connection with such Conduit Purchaser’s securitization program contemplated in this Agreement, together with any letter of credit, surety bond or other instrument issued thereunder.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.