Credit Confirmation definition

Credit Confirmation means, in relation to any credit facility, the confirmation given to you by the Bank setting out the specific terms thereof.
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Credit Confirmation means a letter from each Credit Facility Provider, if any, confirming that the action proposed by the Corporation is approved by such Credit Facility Provider.
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Credit Confirmation means (i) if any Bonds with respect to which a Credit Confirmation is required are supported by Credit Enhancement, the written consent of the provider of each such Credit Enhancement, and (ii) if any Bonds with respect to which a Credit Confirmation is required are rated and are not supported by Credit Enhancement, receipt of a Rating Agency Condition.
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Examples of Credit Confirmation in a sentence

  • Failure to obtain a Shortened Invalidation Period will be considered an event of default under the Offset Credit Confirmation and will be subject to the Agreement’s termination payment provisions.

  • On March 29th 2012, the Parties concluded the Master Agreement on Extending Credit Facility in Local Currency under BRICS Interbank Cooperation Mechanism, as well as the BRICS Multilateral Letter of Credit Confirmation Facility Agreement.

  • PG&E has provided a Form of Master Allowance/Offset Credit Purchase Agreement (Appendix D) and a Form of Offset Credit Confirmation (Appendix E).

  • The Maui control room began implementing this protocol around 6:00 a.m. on August 7.

  • Offers will need to provide a milestone schedule with corresponding dates, consistent with Attachment II of the Form of Offset Credit Confirmation (Appendix E).

  • Appendices D and E: Agreement (Format: MS Word): A completed Form of Master Allowance/Offset Credit Purchase Agreement and Form of Offset Credit Confirmation (Appendix D and Appendix E) including Participant’s requestedchanges to the forms of Agreements reflecting those changes necessary to make the documents consistent with the Offer Form.

  • PL523061.d)Letter of Credit Confirmation in case where the charges are on account of openerAt Actual including our Incidental Charges.Relevant ExpenseCode1.

  • Please review Section 5(b)(ii) of the Offset Credit Confirmation.

  • Offers for New Projects will need to provide a milestone schedule with corresponding dates, consistent with Attachment I of the Form of Offset Credit Confirmation (Appendix E).

  • PG&E has provided a Form of Master Allowance/Offset Credit Purchase Agreement (Appendix D) and a Form of Offset Credit Confirmation (Appendix E).Participants must complete both documents and reflect the project-specific information requested (including whether the Offset Credits are from “Existing Projects” or “New Projects”).

Related to Credit Confirmation

  • Master Forward Confirmation means the Master Confirmation for Issuer Share Forward Sale Transactions, dated as of the date hereof, by and among the Company, the Operating Partnership and the Forward Purchaser, including all provisions incorporated by reference therein.

  • Increase Confirmation means a confirmation substantially in the form set out in Schedule 12 (Form of Increase Confirmation).

  • Transaction Confirmation means a document, similar to the form of Exhibit A, setting forth the terms of a transaction formed pursuant to Section 1 for a particular Delivery Period.

  • Booking Confirmation means the written confirmation issued to You by the Company confirming the hire period, price, place of delivery and other key particulars of the booking.

  • Rating Confirmation means evidence that no Senior Bond rating in effect from a Rating Agency will be withdrawn or reduced solely as a result of an action to be taken under the Indenture.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

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

  • Ratings Confirmation means, with respect to any action proposed to be taken, a written confirmation from each of the Rating Agencies that such action would not result in (i) a reduction of the rating for any Class of Certificates below the then current rating for such Class of Certificates or (ii) a withdrawal or suspension of the rating of any Class of Certificates.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including, without limitation, caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • 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.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

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

  • Trade Confirmation means a confirmation to the Custodian from the Company of the Company’s acquisition of a Loan, and setting forth applicable information with respect to such Loan, which confirmation may be in the form of Schedule A attached hereto and made a part hereof, subject to such changes or additions as may be agreed to by, or in such other form as may be agreed to by, the Custodian and the Company from time to time.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Facility LC Application is defined in Section 2.19.3.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.