Continuing Letter of Credit definition

Continuing Letter of Credit shall have the meaning assigned to such term in Section 2.05(k).
Continuing Letter of Credit shall have the meaning assigned to such term in Section 2.05(k). “Contract Consideration” shall have the meaning assigned to such term in the definition of the termExcess Cash Flow.”
Continuing Letter of Credit each letter of credit outstanding on the date hereof that was issued pursuant to the Existing Credit Agreement by an Issuing Bank which is a Lender.

Examples of Continuing Letter of Credit in a sentence

  • Both the baseline and post-workshop questionnaires were scored to determine level of knowledge on the effects of both alcohol and drugs on prenatal development.

  • Continuing Letter of Credit Facility dated March 24, 2014 between Graham Corporation and HSBC Bank, USA, National Association is incorporated herein by reference from Exhibit 99.2 to the Company’s Current Report on Form 8-K dated March 20, 2014.

  • Brazos Electric is party to that certain unsecured Continuing Letter of Credit Agreement (For Standby Letters of Credit) dated as of June 18, 2019 (as amended, restated, modified, and supplemented from time to time, the “ MUFG L/C Agreement”) with MUFG Bank,Ltd.

  • On September 19, 2002, CHA executed a Promissory Note and Continuing Letter of Credit Agreement (“Letter of Credit Agreement”) pursuant to which FNB issued a letter of credit for the benefit of United Nebraska Bank on the same date.

  • Letter Agreement dated March 24, 2014, with respect to the Continuing Letter of Credit Facility dated March 24, 2014, between Graham Corporation and HSBC Bank, USA, National Association is incorporated herein by reference from Exhibit 99.3 to the Company’s Current Report on Form 8-K dated March 20, 2014.

  • So if an order comes in to move, 2 they're not going to be cited for this particular crime." 3 Tape Recording, House Judiciary Committee, SB 3374, May 4, 1999, Tape 178, Side B 4 (statement of Rep Prozanski).

  • Subject to Section 3.11 hereof, Letters of Credit and amendments thereto issued by Wachovia, as Issuing Lender, shall be requested, processed and issued, and draws thereon shall be negotiated, processed and paid, in accordance with and subject to the terms and procedures of: (i) the Continuing Letter of Credit Agreement and/or (ii) the CyberImport International Operations Agreement between Wachovia and Urban dated August, 2004.

  • On December 21, 2022, Aspen Bermuda entered into an uncommitted Continuing Letter of Credit Agreement (For Standby Letters of Credit), where Aspen Bermuda has the ability to request letters of credit to be used in support of policyholder collateral obligations with the consent of the lender.

  • The Prepetition US Agent shall have the right, at its option, to accept payment in respect of Continuing Letter of Credit Obligations related to the Existing US Letters of Credit only pursuant to a draw under the US Supporting Letter of Credit.

  • In order to secure the prompt performance, observance and payment in full of all of the Continuing Letter of Credit Obligations related to the Existing US Letters of Credit, the Lead Borrower has arranged for the issuance of the US Supporting Letter of Credit to the Prepetition US Agent.


More Definitions of Continuing Letter of Credit

Continuing Letter of Credit shall have the meaning provided in Section 4.02(d).
Continuing Letter of Credit each letter of credit that is listed on Schedule 6.22.

Related to Continuing Letter of Credit

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Auto-Reinstatement Letter of Credit has the meaning specified in Section 2.03(b)(iv).

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Existing Letters of Credit means each of the letters of credit issued under the Existing Credit Agreement outstanding on the Closing Date that are described on Schedule 1.01(b).

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.