Letter of Credit Agent definition

Letter of Credit Agent means GE Capital, in its capacity as agent for the Letter of Credit Providers under the Letter of Credit Agreement.

Letter of Credit Agent means the party or parties from time to time acting as “Letter of Credit Agent” under the Letter of Credit Reimbursement Agreement.

Letter of Credit Agent means ING Bank N.V. located at 00 Xxxxxx Xxxx, Xxxxxx XX0X 0XX, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under Article X.

Examples of Letter of Credit Agent in a sentence

• In the event that Agent elects not to debit Borrowers’ account and Borrowers fail to reimburse Agent in full on the date of any payment under a Lender Letter of Credit, Agent shall promptly notify each Lender of the unreimbursed amount of such payment together with accrued interest thereon and each Lender, on the next Business Day, shall deliver to Agent an amount equal to its respective participation in same day funds.

• In order to secure the performance of its obligations hereunder Developer shall provide to City contemporaneously with the execution hereof the Letter of Credit and the Letter of Credit Agreement executed by the City, Developer, and Letter of Credit Agent.

• As of the Business Day immediately preceding the requested issuance date of the Letter of Credit, Agent shall determine the amount of the applicable Unused Letter of Credit Subfacility and Availability.

• In the event any Lender fails to make available to Agent the amount of such Lender’s participation insuch Lender Letter of Credit, Agent shall be entitled to recover such amount on demand from such Lender together with interest on such amount calculated at the Federal Funds Effective Rate.

• Agent may, at its option, require Borrowers to deposit cash collateral or a Supporting Letter of Credit in accordance with subsection 1.2.10 hereof and, if Borrowers fail to promptly make such deposit or post such Supporting Letter of Credit, Agent may advance such amount as a Revolving Credit Loan (whether or not an Overadvance is created thereby).

More Definitions of Letter of Credit Agent

Letter of Credit Agent has the meaning specified in the recital of ---------------------- parties to this Agreement.

Letter of Credit Agent means ING Bank N.V., London Branch located at 8-10 Moorgate, London EC2R 6DA, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under Section 11.

Letter of Credit Agent means ING Bank N.V., London Branch located at 60 London Wall, London EC2M 5TQ, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under Section 11.

Letter of Credit Agent. GE Capital, in its capacity as agent for the Letter of Credit Providers under the Letter of Credit Agreement. Letter of Credit Agreement: That certain Third Amended and Restated Letter of Credit Reimbursement Agreement dated as of March 7, 2000, among Redwood, the Letter of Credit Agent, the Letter of Credit Providers and the Collateral Agent, as amended, modified, restated and/or replaced from time to time.

Letter of Credit Agent means The First National Bank of Boston, and any successor letter of credit agent under this Agreement.

Letter of Credit Agent means The First National Bank of Chicago, in its capacity as agent for the Letter of Credit Banks pursuant to Article VII, and not in its individual capacity as a Letter of Credit Bank, and any successor agent appointed pursuant to Article VII.

Letter of Credit Agent means FNBC in its capacity as agent for the Letter of Credit Banks pursuant to the Letter of Credit and related documents.