Credit Confirmation definition
Examples of Credit Confirmation in a sentence
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.
Each Rating Agency shall receive a Rating Notification any time a Credit Facility Provider has been requested to provide, or has actually provided to, the Corporation or the Trustee a Credit Confirmation.
Such Letter of Credit Confirmation must be received by the Letter of Credit Issuer and the Administrative Agent not later than 11:00 a.m., New York time, at least five Business Days (or such later date and time as the Letter of Credit Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.
City shall maintain records of all Fee Credits included in Developer’s Credit Confirmation Letter(s).
On the Monthly Calculation Date following Trustee's receipt of that Corporation Order, the Trustee shall release such Excess Coverage to the Corporation from the Revenue Fund pursuant to Section 5.04(b)(xx) hereof (to the extent available) for any of its corporate purposes; provided the Corporation has received, and provided to the Trustee, a Credit Confirmation (or, for Notes not subject to a Credit Facility, a Rating Confirmation) with respect to such transfer.
Rating Notifications Upon a Credit Confirmation ...................
In the event of any conflict between the terms hereof and the terms of any Letter of Credit Confirmation, the terms hereof shall control.
The Corporation may increase Program Expenses and Maintenance and Operating Expenses beyond the limit set forth in Section 3.02 hereof upon delivery to the Trustee of a subsequent Cash Flow Statement relating to the Series 2001A Notes and a Credit Confirmation (or, for Notes not subject to a Credit Facility, a Rating Confirmation).
No Credit Party will repay, prepay, redeem, repurchase, defease or otherwise make any payment on account of any Indebtedness for borrowed money except for (a) payment on account of Indebtedness owing to the Agent or the Lenders under this Agreement, (b) any payment on account of the New Notes in accordance with the Credit Confirmation and Amendment Agreement, and (c) payment on account of Indebtedness for borrowed money permitted by Section 6.1, the repayment of which is not restricted by Section 6.6.
If the Invalidation Event under the Offset Credit Confirmation is an Invalidation Default, then PG&E shall be entitled to immediately retain for its own benefit those funds held as Invalidation Security.