Domestic Letters of Credit definition

Domestic Letters of Credit means any Letters of Credit issued by a Domestic Issuing Lender to a beneficiary located in the United States, any state or commonwealth thereof, any possession or territory thereof or the District of Columbia.

Domestic Letters of Credit has the meaning assigned to such term in subsection 2.4(a)(i).

Domestic Letters of Credit shall have the meaning assigned to such term in Section 2.17(a) hereof.

Examples of Domestic Letters of Credit in a sentence

• If any amount remains on deposit as Cash Collateral after all Domestic Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

• As of the Closing Date, Xxxxx Fargo and Bank of America, N.A. are the Issuing Lenders with respect to Domestic Letters of Credit.

• As of the First Amendment Effective Date, Xxxxx Fargo, Bank of America, N.A., JPMorgan Chase Bank, N.A., Deutsche Bank AG New York Branch and The Bank of Nova Scotia (collectively, the “JLA Issuing Lenders”) are the Issuing Lenders with respect to Domestic Letters of Credit.

• Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Domestic Letters of Credit pursuant to clause Eighth above shall be applied to satisfy drawings under such Domestic Letters of Credit as they occur.

• If any amount remains on deposit as cash collateral after all Domestic Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

More Definitions of Domestic Letters of Credit

Domestic Letters of Credit means those Letters of Credit denominated in U.S. Dollars for the joint and several account of the Co-Borrowers.

Domestic Letters of Credit has the meaning specified in Section -------------------------- ------- 2.03(a)(i). ----------

Domestic Letters of Credit means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Issuing Lender for the account of any Domestic Borrower pursuant to subsection 3.1 and any Existing Letter of Credit.

Domestic Letters of Credit means each and every of the letters of credit (whether documentary or otherwise) issued by an Issuing Bank for the account of the Borrower as contemplated by section 2.15 of this Agreement, the aggregate face amount of all such Domestic Letters of Credit not to exceed $4,000,000.00 Canadian at any time and no more than twenty (20) such Domestic Letters of Credit may be issued and outstanding at any time and the aggregate face amount of all Domestic Letters of Credit which are standby credits shall not, together with all standby letters of credit outstanding under the U.S. Credit Agreement, exceed at any time in the aggregate Canadian Dollar Equivalent of $2,000,000 U.S.

Domestic Letters of Credit means any Letters of Credit issued by the Issuing Lender to a beneficiary located in the United States, any state or commonwealth thereof, any possession or territory thereof or the District of Columbia.

Domestic Letters of Credit as defined in subsection 3.1(b)(i).

Domestic Letters of Credit means, collectively, all of the “Letters of Credit” as defined under the Domestic Credit Agreement.