Tranche A Letters of Credit letters of credit issued by the Issuing Lender pursuant to this Agreement, to the extent such Letters of Credit are deemed, pursuant to the provisions of this Agreement, to be a use of the Tranche A Commitment, including the letters of credit referred to in Schedule 3.10.
Tranche A Letters of Credit means, at any time, Letters of Credit in an amount equal to the lesser of (i) the Total Tranche A Credit-Linked Deposit and (ii) the aggregate amount of outstanding Letters of Credit at such time. Letters of Credit will from time to time be deemed to be Tranche A Letters of Credit or Revolving Letters of Credit in accordance with the provisions of Section 2.05(a).
Tranche A Letters of Credit as defined in Section 3.1(a).
Examples of Tranche A Letters of Credit in a sentence
Each of the Existing Letters of Credit outstanding under the Existing Credit Agreement on the Closing Date immediately prior to the effectiveness of this Agreement shall be deemed to be issued by the Issuing Bank thereof as Tranche A Letters of Credit under this Agreement on the Closing Date.
The undersigned Lenders hereby ratify, confirm and approve all actions taken by Administrative Agent and Issuing Lenders to extend or permit the extension of the Tranche A Letters of Credit and Tranche B Letters of Credit described on Annex D attached hereto to the dates set forth on such Annex.
The number of recommendations issued by the National Human Rights Commission and state human rights commissions concerning cases of torture and ill- treatment is also substantially lower than the number of complaints they received.
DTC is a third-party transportation service which improves reliability, predictability, and efficiency of DOD materiel moving within CONUS by managing the CONUS-wide distribution of freight of all kinds.
The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Tranche A Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Tranche A Letters of Credit.
More Definitions of Tranche A Letters of Credit
Tranche A Letters of Credit means any letters of credit issued by the Tranche A Issuing Bank pursuant to Section 2.6(a)(2), either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or supplanted.
Tranche A Letters of Credit has the meaning given to such term in Section 2.1(a).
Tranche A Letters of Credit shall have the meaning set forth in Section 2.03(a).
Tranche A Letters of Credit in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche A Letter of Credit” means each Letter of Credit that (i) was issued prior to the Tranche A Availability Period End Date and, together with all previously issued and outstanding Tranche A Letters of Credit, has an aggregate LOC Amount at the time of issuance of less than or equal to the Tranche A LOC Commitment and is not otherwise issued as a Tranche B Letter of Credit as permitted under this Agreement and (ii) has not been extended on or after the Tranche A Availability Period End Date. (g) The definition of “Tranche A LOC Commitment” in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche A LOC Commitment” is equal to $60,000,000. (h) The definition of “Tranche B Availability Period End Date” in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche B Availability Period End Date” means 31 October 2019, or if such date is not a Business Day, the next succeeding Business Day. (i) The definition of “Tranche B Letter of Credit” in Section 1.01 (Defined Terms) is hereby amended by deleting such definition in its entirety and inserting in its place the following: “Tranche B Letter of Credit” means each Letter of Credit that either (i) was issued prior to the Tranche A Availability Period End Date and, together with all previously issued and outstanding Tranche A Letters of Credit, has an aggregate Tranche A LOC Amount at the time of issuance greater than the Tranche A LOC Commitment (provided that the Borrower may by notice to the Issuing Lender elect for a Letter of Credit to be a Tranche B Letter of Credit where the aggregate LOC Amount of all issued and outstanding Tranche A Letters of Credit is greater than $40,000,000, or such other amount as agreed and confirmed in writing by the Issuing Lender in its sole discretion) and is not a Tranche A Letter of Credit, or (ii) was issued or extended on or after the Tranche A Availability Period End Date but prior to the Tranche B Availability Period End Date, or (iii) is a Tranche A Letter of Credit that has been amended to increase the LOC Amount, resulting in all issued and outstanding Tranche A Letters of Credit having an aggregate LOC Amount that is greater than the Tranche A LOC Commitment, in ...
Tranche A Letters of Credit. (iii) “Tranche A LOC Amount”; (iv) “Tranche A LOC Commitment”; (v) “Tranche A LOC Exposure”; (vi) “Tranche B Availability Period End Date”; (vii) “Tranche B Letter of Credit”; (viii) “Tranche B LOC Amount“; (ix) “Tranche B LOC Commitment”; and (x) “Tranche B LOC Exposure”. (j) Section 2.01 (Letters of Credit Facility) is hereby amended by deleting Section 2.01(a)(i)(Letters of Credit) in its entirety and inserting in its place the following: (i)
Tranche A Letters of Credit means the irrevocable standby letters of credit issued for the benefit of The Society and Council of Lloyds or its affiliates or the managing agents of any Lloyds’ syndicate reinsured by the Obligor under this Agreement having an expiry date up to five (5) years from the date of issue in the aggregate issued amount at any one time when aggregated with any other outstanding Letters of Credit under this Agreement not to exceed a face amount of $175,000,000.00 (United States Dollars).
Tranche A Letters of Credit means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Issuing Lenders for the account of Company with respect to Tranche A Revolving Loan Commitments pursuant to subsection 3.1.