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 (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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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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Examples of Credit Confirmation in a sentence

  • The Department will provide tentative approval by December 31.Form TEL-2, Telework Expenses Tax Credit Confirmation Application, must be filed by April 1 of the year following the calendar year that the eligible expenses were incurred.

  • We welcome the conclusion of the Master Agreement on Extending Credit Facility in Local Currency under BRICS Interbank Cooperation Mechanism and the Multilateral Letter of Credit Confirmation Facility Agreement between our EXIM/Development Banks.

  • 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.

  • 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.

  • 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 Department provided a reservation letter to all qualified taxpayers stating the tentative credit amount by December 31.Form TEL-2, the Telework Expenses Tax Credit Confirmation Application, must be filed by April 1 of the year following the calendar year when the eligible expenses were incurred.

  • Master Agreement on Extending Credit Facility in Local Currencies, and BRICS Multilateral Letter of Credit Confirmation Facility Agreement, were signed by the Development Banks at the Delhi Summit.

  • If successful bidder refuses to accept the offer the earnest money will be forfeited, otherwise the said amount will be converted as a part of security money.

  • A successful negotiation with PG&E or acceptance of an offer without modification would mean that the Participant would enter into (1) a Master Allowance/Offset Credit Purchase Agreement, as provided in Appendix D, and (2) the Offset Credit Confirmation as provided in Appendix E (collectively, the “Agreement”).

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

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 between the Company 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent (including that Agent has a first priority perfected Lien in such cash collateral), 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 this 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 this 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 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 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.