Credit Reimbursement definition
Examples of Credit Reimbursement in a sentence
In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall govern.
The meaning specified in the definition of the term Letter of Credit Reimbursement Obligation.
With respect to any Letter of Credit Reimbursement Obligation, the amount which the Issuer could be required to pay to the LOC Agent Bank in respect thereof (including, for the avoidance of doubt, any portion thereof which the Issuer has collateralized or deposited into a trust or with the LOC Agent Bank for the purpose of making such payments).
The Indenture Trustee will promptly notify the Issuer and the Administrator by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any Transfer Amount, Credit Reimbursement Amount or Capital Contribution Amount due to the Issuer on the Remittance Date.
Upon the request of any Lender, the Agent shall furnish to such Lender copies of any Letter of Credit, Reimbursement Agreement or application for any Letter of Credit and such other documentation as may reasonably be requested by such Lender.
In optimistic conditions, Thunderella provides a high throughput since the adversary is weak, whereas, in the worst-case conditions, it falls back to the NC protocol for the conservative guarantee of security.
The relationship between the Administrative Agent and each Liquidity Bank is that of agent and principal only, and nothing herein shall be deemed to constitute or appoint the Administrative Agent a trustee or fiduciary for any Liquidity Bank or impose on the Administrative Agent any obligations other than those for which express provision is made herein, under the Guaranty, under the Letter of Credit Reimbursement Agreement, under the Letter of Credit or in the Security Agreement.
The conditions precedent to the Letter of Credit Reimbursement Agreement shall have been satisfied concurrently.
The Administrative Agent shall present the Letter of Credit to the Letter of Credit Agent and receive the replacement Letter of Credit from the Letter of Credit Bank in a simultaneous exchange on the date requested by BAFC pursuant to subsection 2.01(c) of the Letter of Credit Reimbursement Agreement.
BAFC, the Letter of Credit Agent and the Letter of Credit Banks shall have executed and delivered the Letter of Credit Reimbursement Agreement; such Agreement shall be in full force and effect; and the Administrative Agent shall have received a fully executed counterpart thereof.