Examples of Bailee Letter in a sentence

Any payment of a Takeout Price that is made by a Takeout Investor to the Buyer pursuant to a Bailee Letter or Takeout Commitment, as applicable, shall be deemed to be a payment by Seller of the Repurchase Price in respect of the Purchased Assets subject to the related Takeout Commitment.
A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less then $10,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $200,000 in the aggregate.
If Seller instructs Buyer to send a Mortgage Note and related Mortgage before the Repurchase Date, Buyer will send the Mortgage Note and related Mortgage under a Bailee Letter.
All initially capitalized terms used herein shall have the meanings ascribed to them in the above-referenced Bailee Letter.
A Bailee Letter shall not be required if the value of the Pledged Collateral held by such bailee is less than $70,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $500,000 in the aggregate.

More Definitions of Bailee Letter

Bailee Letter means a bailee letter substantially in the form of Exhibit F to the Security Agreement.

Bailee Letter means a bailee letter substantially in the form prescribed by the Custodial Agreement or otherwise approved in writing by Buyer.

Bailee Letter shall be an agreement in form substantially similar to Exhibit 7 hereto or in such other form and substance reasonably satisfactory to the Collateral Agent.

Bailee Letter. The meaning specified in Section 12.4(b)(v) hereof.

Bailee Letter means a bailee letter in form and substance reasonably satisfactory to the Administrative Agent.

Bailee Letter has the meaning set forth in Section 3.3 hereof.

Bailee Letter shall have the meaning assigned to such term in Section 3.4(g) hereof.