Application for Letter of Credit definition

Application for Letter of Credit means a letter of credit application in a form satisfactory to the Issuing Bank.

Application for Letter of Credit has the meaning ascribed to it in Annex J.

Application for Letter of Credit means an application for a standby letter of credit by, between and among the applicable Borrower, on the one hand, and the Letter of Credit Issuer, on the other hand, substantially in a form provided by the Letter of Credit Issuer (and customarily used by it in similar circumstances) and conformed to the terms of this Credit Agreement, either as originally executed or as it may from time to time be supplemented, modified, amended, renewed, or extended; provided that to the extent that the terms of such Application for Letter of Credit are inconsistent with or otherwise more onerous than the terms of this Credit Agreement, the terms of this Credit Agreement shall control.

Examples of Application for Letter of Credit in a sentence

• Each Request for Letter of Credit shall be accompanied or preceded by: (A) an Application for Letter of Credit and (B) such documents as are required to satisfy any applicable conditions precedent as provided in Sections 6.1 (with respect to the initial advance under this Credit Agreement), 6.2 and 6.3 (with respect to the initial advance to a Qualified Borrower under this Credit Agreement) hereof, all of which shall be delivered directly to the Letter of Credit Issuer.

• In the case of a Letter of Credit, the Letter of Credit Issuer shall have received an Application for Letter of Credit executed by the applicable Borrower.

• At least three (3) Business Days prior to the issuance of any Letter of Credit hereunder the Borrower shall complete and deliver to the Issuing Bank the Issuing Bank's then current form of Application for Letter of Credit.

• Bank is authorized (without any further request from Borrower) to advance on behalf of Borrower as a Loan all sums required to be paid by Borrower to Bank in respect of any Letter of Credit pursuant to the terms of the Application for Letter of Credit (including all fees associated therewith), but Bank shall have no obligation to make such a Loan.

• Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrowers, to issue from time to time up to and including the Revolving Credit Termination Date Letters of Credit upon delivery to Issuing Bank of an Application for Letter of Credit in form and content acceptable to Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

More Definitions of Application for Letter of Credit

Application for Letter of Credit means an application for the issuance of a Letter of Credit as prescribed by the bank or financial institution issuing the same.

Application for Letter of Credit means the application for a Letter of Credit in the form provided by the Issuing Bank.

Application for Letter of Credit means an application for a standby letter of credit by, between and among the applicable Borrower, on the one hand, and the Letter of Credit Issuer, on the other hand, substantially in a form provided by the Letter of Credit Issuer (and customarily used by it in similar circumstances) and conformed to the terms of this Credit Agreement, either as originally executed or as it may from time to time be supplemented, modified, amended, renewed, or extended which form is completed to the reasonable satisfaction of the Letter of Credit Issuer; provided that to the extent that the terms of such Application for Letter of Credit are inconsistent with or otherwise more onerous than the terms of this Credit Agreement, the terms of this Credit Agreement shall control.

Application for Letter of Credit shall have the meaning ascribed to such term in Section 2.2.

Application for Letter of Credit means any application for letter of credit or commercial credit pursuant to which Borrower requests Rabobank to issue a Letter of Credit.

Application for Letter of Credit means the then current application agreement for a standby letter of credit or for an amendment thereto, as in effect from time to time by the L/C Issuer.

Application for Letter of Credit means the then current application for standby letter of credit or commercial letter of credit used by the Issuing Bank.