Examples of Comerica Letters of Credit in a sentence
Although the purchase cost is expected to increase, the energy and water efficiency gains will result in lower washer-related energy costs and water costs, saving consumers $30 a year on their utility bills and 18 gallons of water for every load of wash.
Section 11.3(n) is hereby amended by replacing the word “and” at the end of clause (i) thereof with “,”; replacing the “;” at the end of clause (ii) with the word “and” and inserting the following new clause (iii) at the end thereof “(iii) letters of credit issued for general corporate purposes, provided the aggregate principal amount thereof secured by such Liens does not exceed an amount equal to the Comerica Letters of Credit plus U.S. $250,000 at any one time outstanding;”.
Borrower shall not permit Comerica Bank to automatically extend or automatically renew any of the Comerica Letters of Credit, and each Comerica Letter of Credit shall expire at the end of its current expiry date.
As of the Closing Date, each of the Existing Comerica Letters of Credit and Existing Wells Fargo Letters of Credit shall constitute, for all purposes of this Agreement and the other Loan Documents, a Letter of Credit issued and outstanding hereunder.
Comerica Letters of Credit — see the definition of “Comerica Cash Collateral”.