Deposit Letter of Credit definition

Deposit Letter of Credit is defined in Section 2.2.1.

Deposit Letter of Credit means any letter of credit issued by the Deposit Issuing Bank pursuant to this Agreement, including, after the Effective Date, all Existing Deposit Letters of Credit.

Deposit Letter of Credit means each letter of credit issued pursuant to Section 3.1(b)(i).

Examples of Deposit Letter of Credit in a sentence

• If the Initial Deposit is in the form of a letter of credit (the “Deposit Letter of Credit”), the Deposit Letter of Credit shall not constitute payment on account of and shall not be credited against the Purchase Price; rather, the Deposit Letter of Credit shall be used as security to ensure Developer’s compliance with this Agreement and may be drawn on by District in accordance with the terms hereof.

• Notwithstanding any other provision of this Agreement, no Deposit Loan shall be made, and no Deposit Letter of Credit shall be issued or the stated amount thereof increased, if after giving effect thereto the aggregate amount of the Deposits would be less than the Deposit LC Exposure.

• Each notice shall be executed by the Borrower, shall specify whether such Letter of Credit is to be a Revolving Letter of Credit or Deposit Letter of Credit and shall be in the form of Exhibit G, or such other form (including by electronic or fax transmission) as agreed between the Borrower, the Administrative Agent and the applicable Letter of Credit Issuer (each a “Letter of Credit Request”).

• The proceeds of the Deposit L/C Loans shall be deposited into the Deposit L/C Loan Collateral Account for the purpose of cash collateralizing the Borrower’s obligations to the Deposit Letter of Credit Issuer in respect of Deposit Letters of Credit.

• The Borrower may add Revolving Letter of Credit Issuers and/or Deposit Letter of Credit Issuers at any time upon notice to the Administrative Agent.

More Definitions of Deposit Letter of Credit

Deposit Letter of Credit has the meaning given that term in Section 2.3(a).

Deposit Letter of Credit means that certain original, irrevocable letter of credit in favor of Seller, Knight Communications Corp. and Knight Broadcasting of New Hampshire, Inc. and the Escrow Agent issued by Bankers Trust Company or another lender reasonably acceptable to Seller for the sum of $3,000,000 and held in accordance with the provisions of the Deposit Escrow Agreement.

Deposit Letter of Credit means any standby letter of credit issued pursuant to Section 2.6(b) and any Existing Deposit Letter of Credit.

Deposit Letter of Credit means that certain original, irrevocable letter of credit in favor of the Company and the Escrow Agent issued by Bankers Trust Company or another lender reasonably acceptable to the Company for the sum of $10,000,000 and held in accordance with the provisions of the Deposit Escrow Agreement.

Deposit Letter of Credit is defined in Section 2.2.1. “Design Development Plans” are the design plans produced after review and approval of Schematic Plans that reflect refinement of the approved Schematic Plans, showing all aspects of the Project at the correct size and shape. The Design Development Plans shall include: (i) the refined Schematic Plans supplemented with material and design details, including size and scale of façade elements, which are presented in detailed illustrations and 3-dimensional images and (ii) responses to and revisions based on comments, concerns, and suggestions of District relating to the Schematic Plans.

Deposit Letter of Credit means an unconditional, irrevocable standby letter of credit that may be delivered to Administrative Agent by Borrower in lieu of Framing Deposits and/or Club Membership Deposits, in accordance with Section 6.1(j) hereof, in substantially the same form as attached hereto as Exhibit I and subject to the following:

Deposit Letter of Credit into such Section 1.01 in alphabetic order: