Continuing Letter of Credit definition

Continuing Letter of Credit shall have the meaning assigned to such term in Section 2.05(k).
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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 term “Excess Cash Flow.”
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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.
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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).
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Continuing Letter of Credit each letter of credit that is listed on Schedule 6.22.
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Related to Continuing Letter of Credit

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • 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.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Commercial Letter of Credit means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Borrower in the ordinary course of business of such Borrower.

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

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

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

  • Acceptable Letter of Credit means an on-first-demand irrevocable standby letter of credit naming the XXXXX Xxxxxx as beneficiary (a) issued by a Qualified Financial Institution, (b) the stated maturity date of which is at least one year from the date of issuance (except that for letters of credit issued as a replacement letter of credit with less than one year remaining until the stated expiration date of the original letter of credit, the term shall be for such shorter period), and (c) which allows drawing (i) during the ten (10) Business Day period prior to expiry (unless otherwise replaced or extended) and (ii) upon downgrade of the issuer thereof such that it is no longer a Qualified Financial Institution if not replaced within thirty (30) Business Days of such downgrade.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.23.

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