Common use of Trade Letters of Credit Clause in Contracts

Trade Letters of Credit. All trade or documentary Letters of Credit issued by Agent for the account of any Loan Party pursuant to the terms set forth in this Agreement, in connection with the purchase by any Loan Party of goods or services in the ordinary course of business.

Appears in 3 contracts

Samples: Revolving and Term Credit Agreement (Forestar Group Inc.), Revolving and Term Credit Agreement (Forestar Group Inc.), Revolving and Term Credit Agreement (Forestar Real Estate Group Inc.)

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Trade Letters of Credit. All trade or documentary Letters of Credit issued by Agent for the account of any Loan Party pursuant to the terms set forth in this Agreement, in connection with the purchase by any Loan Party of goods or services in the ordinary course of business. Type. As to any Loan, its nature as a Base Rate Loan or a LIBOR Rate Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Forestar Group Inc.)

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