Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Auto-Renewal Letter of Credit has the meaning assigned to such term in Section 2.06(c).
Auto-Renewal Letter of Credit means a Letter of Credit with an initial expiry date of one year or less after the date of its issuance that has automatic renewal provisions.
Examples of Auto-Renewal Letter of Credit in a sentence
Notwithstanding the above, nothing in this Section 3.01(d) shall limit the ability of the respective Issuing Bank to exercise any of its rights with respect to any Auto-Renewal Letter of Credit after the termination of this Agreement.
More Definitions of Auto-Renewal Letter of Credit
Auto-Renewal Letter of Credit shall have the meaning assigned to such term in Section 2.25(c).
Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii). “Available Amount” means, at any time (the “Reference Date”), the sum of:
Auto-Renewal Letter of Credit has the meaning specified in Section 3.01(d).
Auto-Renewal Letter of Credit has the meaning attributed thereto in Section 6.2(c).
Auto-Renewal Letter of Credit has the meaning specified in Section 2.04(b)(iii) (Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit).
Auto-Renewal Letter of Credit has the meaning specified in Section 2.04(b)(iii). “Available Amount” means, at any time, an amount equal to: (a)the sum, without duplication, of: (i)if positive, 50% of the Consolidated Net Income of the Restricted Companies for the period (taken as one accounting period) commencing on the Closing Date to the end of the most recent fiscal quarter ending prior to such date for which financial statements have been delivered pursuant to Section 6.01(a) or (b), as applicable, as of such date (or, in the case such Consolidated Net Income is a deficit, minus 100% of such deficit) (the amount under this clause (i) is referred to herein as the “Growth Amount”); plus (ii)100% of the aggregate amount of contributions to the common capital of the Borrower or the net proceeds of the issuance of Qualified Equity Interests of Holdings (or any direct or indirect parent thereof) contributed to the Borrower to the extent not otherwise applied, in each case received in cash during the period from and including the Business Day immediately following the Closing Date through and including such time; plus (iii)the aggregate principal amount of any Indebtedness or Disqualified Equity Interests, in each case, of the Borrower or any Restricted Subsidiary issued after the Closing Date (other than Indebtedness or such Disqualified Equity Interests issued to the Borrower or a Restricted Subsidiary), which has been converted into or exchanged for Qualified Equity Interests of Holdings or any Equity Interests of any direct or indirect parent of Holdings; plus (iv)the net proceeds received by the Borrower or any Restricted Subsidiary after the Closing Date in connection with the sale or other disposition to a Person (other than the Borrower or any Restricted Subsidiary) of any Investment made pursuant to Section 7.02(r) (in an amount not to exceed the original amount of such Investment); plus (v)to the extent not already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment, the proceeds received by the Borrower or any Restricted Subsidiary after the Closing Date in connection with returns, profits, distributions and similar amounts, repayments of loans and the release of guarantees received on any Investment made pursuant to Section 7.02(r) (in an amount not to exceed the original amount of such Investment); plus (vi)an amount equal to the sum of (A) in the event any Unrestricted Subsidiary has been redesignated as ...
Auto-Renewal Letter of Credit has the meaning specified in Section 3.1(b)(iii). Harbor Hydro I Credit Agreement