Original Letter of Credit definition

Original Letter of Credit shall have the meaning provided in Section 2.01(e).

Original Letter of Credit means the Bank's Irrevocable Letter of Credit No. [LOC NUMBER], dated the Closing Date, issued in favor of the Paying Agent, for the account of the Company.

Original Letter of Credit shall be as defined in Section 12.1.

Examples of Original Letter of Credit in a sentence

• IMPORTANT: If the financial security is a Letter of Credit, then a draft Letter of Credit equal to the cost breakdown analysis (need to verify proper format and dollar amount of Letter of Credit prior submitting the Original Letter of Credit).

• The Letter of Credit must be completed by the bank and printed on bank letterhead with an authorized signature.5.) Original Letter of Credit is to be delivered and kept on file at Carroll County Electric Department.

• The parties hereto agree that all Original Letters of Credit and Original Letter of Credit Obligations shall be deemed, respectively, Letters of Credit and Letter of Credit Obligations issued or existing under and subject to and governed by and entitled to the benefits of the terms of this Agreement.

• Provide the following information from the Member’s Letter of Credit that the Bank is being asked to confirm: (Letter of Credit Number) (Amount) (Original Letter of Credit Effective Date) (Current Letter of Credit Termination Date) (Account Party/Customer) 1 Please note that the effective and expiration dates of the Confirmation must conform with the effective and expiration dates of the underlying Letter of Credit.

• Evidence that the Original Letter of Credit has been marked “Cancelled” by the Depositary and will be returned to the Bank.

More Definitions of Original Letter of Credit

Original Letter of Credit means any "Letter of Credit" as defined by the Original Credit Agreement and "Original Letters of Credit" means more than one, or all, of each such Original Letter of Credit, collectively.

Original Letter of Credit has the meaning given to it in Clause 25.1.

Original Letter of Credit means that certain letter of credit in the amount of $200,000.00. The Original Letter of Credit shall be and remain in force and effect from the date of deposit with Landlord through and including the 30th day beyond the expiration of the Fourth (4th) Lease Year and shall expressly provide for its continuance for the period beginning on the date of deposit with Landlord and expiring on the thirtieth (30th) day beyond the expiration of the Fourth (4th) Lease Year. The term “First Substitute Letter of Credit” shall mean that certain letter of credit in the amount of $200,000.00 which Tenant shall deliver to Landlord simultaneously with the Original Letter of Credit and shall be and remain in force and effect for the period beginning on the date of deposit of the Original Letter of Credit with Landlord through that date which is thirty (30) days beyond the expiration of the First (1st) Lease Year. The term “Additional Substitute Letters of Credit” shall mean (i) that certain letter of credit in the amount of $300,000.00 that is issued by a bank satisfactory to Landlord and in the form required by this Section 14.17 and approved by Landlord which Tenant shall deliver to Landlord at least twenty (20) days prior to the commencement of the Second (2nd) Lease Year and shall be and remain in force and effect for the period beginning on the date which is 20 days prior to the first day of the Second (2nd) Lease Year through and including that date which is thirty (30) days after the expiration of the Second (2nd) Lease Year and (ii) that certain letter of credit in the amount of $150,000.00 that is issued by a bank satisfactory to Landlord and in the form required by this Section 14.17 and

Original Letter of Credit means the Bank's Irrevocable Letter of Credit No. 7400586, dated the Closing Date, issued in favor of the Paying Agent, for the account of the Company.

Original Letter of Credit the Irrevocable Letter of Credit issued by Norwest Bank Minnesota, National Association, to the

Original Letter of Credit means all letters of credit issued pursuant to the Original Credit Agreement which are outstanding on the Restatement Effective Date.

Original Letter of Credit means collectively the Letter of Credit issued by the Bank to the Paying Agent on the Issue Date, including any amendment, reissuance, replacement, renewal or extension thereof. Unless renewed or extended, the Original Letter of Credit expires by its terms on , 20 .