L-C Sample Clauses

L-C. Notwithstanding anything to the contrary contained in this Lease, Landlord shall not be required to disburse any portion of the Tenant Improvement Allowance to Tenant until Tenant has provided Landlord with the L-C described in Article 21 of the Lease.
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L-C. On the terms and conditions set forth herein (i) the Issuing Bank agrees (A) from time to time on any Business Day during the period from the Closing Date to the Termination Date (or such earlier date as the L/C Commitments of all Banks shall have terminated in accordance with the terms hereof) to Issue L/Cs for the account of a Company, and to amend or renew L/Cs previously issued by it, in accordance with Sections 3.2(c) and 3.2(d) , and (B) to honor drafts drawn under and in strict compliance with the terms and conditions of L/Cs; and (ii) the Banks severally agree to participate in L/Cs Issued for the account of a Company; provided, that the Issuing Bank shall not be obligated to Issue, and no Bank shall be obligated to participate in, any L/C if, as of the date of Issuance of such L/C (the “Issuance Date”) (1) the L/C Outstandings exceeds or would exceed the L/C Commitments, or (2) the Effective Amount of L/C Obligations exceeds or would exceed the L/C Commitment. Within the foregoing limits, and subject to the other terms and conditions hereof, a Company’s ability to obtain L/Cs shall be fully revolving and, accordingly, a Company may, during the foregoing period, obtain L/Cs to replace L/Cs which have expired or which have been drawn upon and reimbursed. On the Closing Date, all of the letters of credit outstanding under the Amended and Restated Credit Agreement shall automatically be deemed to be outstanding under this Agreement.
Sample 1
L-C. A.D. 1908, between The S. & S. Mining Company, a Corporation, party of the first part, and 1. X. Xxxxxxxxx, party of the second part, witnesseth: TH1"\: \VHF,REASt,he Sf Ld party 0 f the firs t part has t his day executed. a certain Bond and Lease to O. Q. Xxxxxxxxx, of the pr operty knovm find descri bed as The Grc.nd Union Lode and r.Uning Claim, M.E.#3535 survey~5742, Pine X.xxxxx District Xxxxxx County, Colorado, and The Golden Slipper Lode and l~ining Clai~, ill.E. 1070, Survey 14995 in the Union and South Boulder Mining Distri.cts, Xxxxxx County, Colorado, it is agreed by and between the parties that the aa f d party of the first part in consideration of the said party of the sec~nc1 part selling and dis- posing of said property above d.escri bed and. ment i one d in said Bond and Lease, aa Ld party of the first part agrees to pay to the s a Ld party of the second part the sum of Five Thousand ($5,000) Dollars in the following manner, to wit: thirty-three and one-third (33 1/:0) per cent of all the amounts received on said Bond and Lease above mentioned at the time s8id amount e are received until the full S1UToIf Five ':'houslmd. (~:5,O()0) Dollars is paid to the party of the second part. that the party of the second part may collect and receive a cert8in number of "hares of stock from the parties to whom the property mentioned in the ahove Bond md Lea s e is sold, and that s/Jid sharp.s of stock is not to be considered as payment or part payment of the Five ThouS8Ld (.~;5,OOO) Dollars above mentioned, it bei ng unrte r stood be tweon the p e.rtri x x x.he.t thp. tnmsfer of this property to the said party of the seco nd pa.r t rmder the above menti. one d Bond and Lea s e , is fa r the purpose of enabling the srdd pHrty of the aec ond pert to transfer the xxxxx to other pa r tt.e s . IT IS FUR~FER AGRST"l) in considerHtion of the premises above mentioned that in case of the failure of the Assignee at' the I,essoe xxxx.xx the Bond and Lease e b ove refp.rred to, or in o as e a forfeiture is i1.eclareil on a a Xx Xxxx xxxxxx Lease b~T the 8Rid pa r ty of the first part I1gainst the party or psr t t ea to whom the as td O. Q. Xxxxxxxxx assigns his right under said Bond and Le aa e , t hat the said party of the first part will grant and does by these presents grant to O. Q. Xxxxxxxxx the sl1id part;)T of tho second part herein, sixty (60) days time in which to procure xxxx' parties or Lessees under sliid Bond and Lease, and in cllse 81?id O. Q. Xxxxxxxx...
Sample 1

Related to L-C

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  • S.T If Federal Funds are not received on time, such funds will be invested, and shares purchased thereby will be issued, as soon as practicable.

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