DOE Letter of Credit definition

DOE Letter of Credit means each Letter of Credit or third-party letter of credit issued to the U.S. Department of Education or other applicable department or agency of the United States of America, at the request of the Borrower, and for the direct or indirect benefit of, the Borrower or any Restricted Subsidiary.
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DOE Letter of Credit means an irrevocable letter of credit by and among the Parent, as obligor, a bank satisfactory to the Collateral Agent, as issuer, and the DOE, as beneficiary, in an amount required by the DOE and otherwise in form and substance satisfactory to the Collateral Agent.
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DOE Letter of Credit. DOE Letter of Credit Section 1.1(B) DOE Risk Participation Liability Section 1.1(B) DOE Sublimit Section 1.1(B)(2) DOE Working Capital Loan Section 1.1(B) EBITDA Exhibit 4.8(C) Employment Agreements Section 10.1 Environmental Laws Section 10.1 Environmental Liabilities Section 10.1 Environmental Permits Section 10.1
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Examples of DOE Letter of Credit in a sentence

  • Advance Payment under this award will be made by: |_| Department of Health & Human Services (DHHS) Payment Management System (PMS), formerly DOE Letter of Credit.

  • Advance Payment under this award will be made by: ------- [ ] Department of Health & Human Services (DHHS) Payment Management System (PMS), formerly DOE Letter of Credit.

  • PAYMENT - Advance Payment under this award will be made by: ------- [_] Department of Health & Human Services (DHHS) Payment Management System (PMS), formerly DOE Letter of Credit.


More Definitions of DOE Letter of Credit

DOE Letter of Credit means a Lender Letter of Credit or Risk Participation Agreement issued in respect of a letter of credit, which Lender Letter of Credit or letter of credit shall have been issued (i) for the benefit of DOE for the account of Borrower or (ii) (x) for the benefit of the issuer ("DOE ISSUER") of a letter of credit issued for the benefit of DOE for the account of Borrower or any of its Subsidiaries (an "UNDERLYING DOE LETTER OF CREDIT") and (y) in respect of the DOE Issuer's liability in respect of an Underlying DOE Letter of Credit; and which Lender Letter of Credit, letter of credit, Risk Participation Agreement and Underlying DOE Letter of Credit, as applicable, shall be in form, scope and substance satisfactory to Agent and Requisite Lenders, and any amendment, renewal, extension or renewal of such Lender Letter of Credit, letter of credit, Risk Participation Agreement and Underlying Letter of Credit, as applicable, which has been consented to in writing by Agent and the Requisite Lenders.
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DOE Letter of Credit means any Letter of Credit issued for the benefit of the DOE.
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DOE Letter of Credit means that certain Irrevocable Standby Letter of Credit No. 3089649, dated August 27, 2007, issued by Bank of America in favor of the DOE for the benefit of Xxxxx College, including any renewals or replacements thereof.
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Related to DOE Letter of Credit

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.

  • Existing Letter of Credit means a letter of credit issued and outstanding under the Existing Credit Agreement and listed on Schedule 2.06 hereto.

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Irrevocable letter of credit means an irrevocable letter on the financial institution’s standard form containing a request that the party to whom it is addressed pay the bearer or a person named therein money as a result of failure to perform or fulfill all the covenants, undertakings, terms, conditions and agreements contained in a contract.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.