Credit Instrument definition
Credit Instrument means a letter of credit, surety bond, liquidity facility, insurance policy or comparable instrument furnished by a Credit Provider that is used by the Participant to meet all or a portion of any debt service reserve requirement securing the Bonds or any other bonds payable from the revenues of the Treatment Works, which bonds are on a parity with the Bonds.
Credit Instrument means any agreement, oral or written, acknowledging an obligation to pay a sum or sums of money on demand, or at any future time or times;
Credit Instrument means a writing which evidences a gaming debt owed to a person who holds a license at the time the debt is created, and includes any writing taken in consideration, consolidation, redemption or payment of a prior credit instrument.
Examples of Credit Instrument in a sentence
A Credit Instrument shall be an irrevocable letter of credit or other irrevocable credit facility (including, if applicable, a confirming letter of credit), issued by a Credit Provider, the terms of which shall comply with the requirements of the Indenture.
More Definitions of Credit Instrument
Credit Instrument means any agreement, whether in writing or not, acknowledging an obligation to pay a sum or sums of money on demand or at any future time or times;
Credit Instrument means, collectively, each Additional Credit Instrument for the corresponding Series of Additional Authority Notes.
Credit Instrument means a letter of credit, surety bond, liquidity facility, insurance policy or comparable instrument furnished by a Credit Provider that is used by the Participant to meet all or a portion of any debt service reserve requirement securing the Bonds or any other
Credit Instrument means a [writing] record which
Credit Instrument shall have the meaning assigned to that term in Section 5.12 herein.
Credit Instrument means a [writing] record which evidences a
Credit Instrument means any Undertaking, and, where an Undertaking is issued by the Bank's Correspondent at the request of the Bank, any reference to "Credit Instrument" includes any counter-guarantee or counter-indemnity issued by the Bank to its Correspondent in order to procure the issuance of that Undertaking by such Correspondent in connection with the Credit Instrument Facilities. An "Undertaking" is a Credit Instrument.