Common use of Selection of Alternate Letter of Credit Clause in Contracts

Selection of Alternate Letter of Credit. Notwithstanding anything to the contrary contained herein or in the Indenture, the Borrower shall have the right to secure an Alternate Letter of Credit or Alternate Confirming Letter of Credit at any time prior to the issuance of a notice of redemption of the Bonds due to a termination of the Letter of Credit or the Confirming Letter of Credit.

Appears in 3 contracts

Samples: Loan Agreement (First United Ethanol LLC), Loan Agreement (First United Ethanol LLC), Loan Agreement (Renewable Energy Group, Inc.)

AutoNDA by SimpleDocs

Selection of Alternate Letter of Credit. Notwithstanding anything to the contrary contained herein here in or in the Indenture, the Borrower Borrowers shall have the right to secure an Alternate Letter of Credit or Alternate Confirming Letter of Credit at any time prior to the issuance of a notice of redemption of the Bonds due to a termination of the Letter of Credit or the Confirming Letter of Credit.

Appears in 1 contract

Samples: Loan Agreement (Lower Road Associates LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.