Examples of Revolving Letter of Credit in a sentence
Advising and Negotiating Bank Name: Address: Beneficiary Name: Address: Attention: We hereby issue our documentary credit as follows: Type of Credit: Irrevocable, Divisible, Transferable and Revolving Letter of Credit.
NVVN shall provide payment security to the GBP plant through Revolving Letter of Credit (LC) of an amount equal to one day of amount payable to the Seller (VCGA+VCNG) commensurate to Minimum generation offtake with respect to the contracted capacity.
The Borrower hereby appoints Xxxxxxx Xxxxx Bank USA as a Revolving Letter of Credit Issuer as contemplated by Section 3.6(a) of the Credit Agreement, on the terms and subject to the conditions below.
The initial notice address of Xxxxxxx Xxxxx Bank USA in its capacity as a Revolving Letter of Credit Issuer shall be as set forth below its signature below.
Each Revolving Credit Lender and each Revolving Issuing Bank severally agrees, subject to the terms and conditions set forth in this Amendment, that, commencing on the Amendment Effective Date, its Revolving Credit Commitment or Revolving Letter of Credit Commitment, as applicable, shall be as set forth next to such Lender Party’s name on Exhibit A.