Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;
Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.
Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.
Facility Charge means one percent (1%) of the Maximum Term Loan Amount.
Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.
Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.
Extended Letter of Credit has the meaning given that term in Section 2.3.(b).
Final Drawing has the meaning specified in Section 3.05(i).
Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.
Facility Letter of Credit means a Letter of Credit issued hereunder.
credit meter means a meter where an account is issued subsequent to the consumption of electricity;
Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.
LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.
Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).
Drawing means the drawing or drawings specified in or annexed to the Specifications;
Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.
Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.
Facility LC Application is defined in Section 2.19.3.
Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”
U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.
Credit Provider means a Person providing a guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions.
Facility Letter of Credit Fee is defined in Section 2A.8.
Auto-Reinstatement Letter of Credit has the meaning specified in Section 2.03(b)(iv).
Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.
Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.