Eligible Letter of Credit Bank definition

Eligible Letter of Credit Bank means a financial institution (a) organized in the United States, (b) having total assets in excess of $[***] and with a long term rating of at least “[***]” by S&P or “[***]” by Xxxxx’x and a short term rating of at least “[***]” by S&P or “[***]” by Xxxxx’x, and (c) approved by the Administrative Agent acting on the instructions of the Majority Lenders (such approval not to be unreasonably delayed withheld or delayed).
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $[***] and with a long term rating of at least "[***]" by S&P and a short term rating of at least "[***]" by S&P. If the issuer of the Letter of Credit fails to be an Eligible Letter of Credit Bank on any date, the Indenture Trustee will be required, upon written direction of the Issuer, the Manager or the Majority Noteholders of the Controlling Class, to draw on the full amount of the Letter of Credit and deposit the proceeds into the Reserve Account or Equipment Replacement Reserve Account, as applicable.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $[***] and with a long term rating of at least “[***]” by S&P and a short term rating of at least “[***]” by S&P.

Examples of Eligible Letter of Credit Bank in a sentence

  • England Eligible Letter of Credit Bank, a New YorkMercantile Exchan e "NYMEX" or a Chica o Mercantile .

  • The Administrative Agent (or the Borrower with the written consent of the Administrative Agent) shall direct the Paying Agent to submit the drawing documents to the applicable Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day after the Paying Agent receives such direction.

  • Of 52 evaluable patients, the grade 2+ combined acute AE rate was 77%.

  • Similar situations arising for employees whose WSIB or LTD applications are awaiting approval, or who are appealing a denial of LTD or WSIB benefits, shall be brought to the attention of the Labour/Management Committee.


More Definitions of Eligible Letter of Credit Bank

Eligible Letter of Credit Bank means an institution with (i) a short-term unsecured debt rating at least equal to “A-1+” from Standard & Poor's and “Prime-1” from Moody’s (in either case, such lower ratings as may be permitted by Standard & Poor’s or Moody’s) and (ii) a long-term unsecured debt rating at least equal to “A1” by Moody’s (or such lower rating as may be permitted by Moody’s).
Eligible Letter of Credit Bank means a financial institution (a) organized in the United States, (b) having total assets in excess of $[***] and with a long term rating of at least “[***]” by S&P or “[***]” by Xxxxx’x and a short term rating of at least “[***]” by S&P or “[***]” by Xxxxx’x, and (c) approved by the Administrative Agent acting on the instructions of the Administrative Agent (such approval not to be unreasonably delayed withheld or delayed). [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $[***] and with a long term rating of at least “[***]” by S&P and a short term rating of at least “[***]” by S&P and a long term rating of at least “[***]” by Fitch or a short term rating of at least “[***]” by Fitch. If the issuer of the Letter of Credit fails to be an Eligible Letter of Credit Bank on any date, the Agent will be required, upon written direction of the Borrower, the Manager or the Controlling Party, to draw on the full amount of the Letter of Credit and deposit the proceeds into the Reserve Account or Equipment Replacement Reserve Account, as applicable.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $[***] and with a long term rating of at least “[***]” by S&P and a short term rating of at least “[***]” by S&P. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $500,000,000 and with a long term rating of at least "A-" by S&P or “A3” by Xxxxx’x and a short term rating of at least “A-1” by S&P or “P-1 (Prime-1)” by Xxxxx’x.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $[***] and with a long term rating of at least "[***]" by S&P and a short term rating of at least "[***]" by S&P. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed.
Eligible Letter of Credit Bank means a financial institution having total assets in excess of $500,000,000 and with a long term rating of at least "A-" by S&P and “A3” by Moody’s and a short term rating of at least “A-1” by S&P and “P-1 (Prime-1)” by Moody’s. “Eligible Solar Asset” means, as of any date of determination, any Solar Asset: (i) for which all of the applicable criteria specified in Schedule I were satisfied as of such date of determination; (ii) to the extent such Solar Asset is owned by a Tax Equity Fund, for which all of the applicable criteria set forth in Schedule II are satisfied with respect to such Tax Equity Fund as of such date of determination; (iii) to the extent such Solar Asset is owned by a Tax Equity Fund and such date of determination is the first Borrowing Date on which such Solar Asset is to be included in the Borrowing Base Pool, for which all of the applicable criteria set forth in Schedule III are true and correct with respect to such Tax Equity Fund as of such date of determination; (iv) to the extent such Solar Asset is owned by the Wholly-Owned Subsidiary, for which all of the applicable criteria set forth in Schedule VI are satisfied as of such date of determination; and (v) to the extent such Solar Asset is owned by the Wholly-Owned Subsidiary and such date of determination is the first Borrowing Date on which such Solar Asset is to be included in the Borrowing Base Pool, for which all of the applicable criteria set forth in Schedule VII are satisfied as of such date of determination. “Eligible Tax Equity Structure” means a (i) Partnership Flip Structure or Inverted Lease Structure as to which the Borrower can make the applicable Tax Equity Representations and (ii) any other tax equity structure approved by the Super-Majority Lenders. “Environmental Claim” means any and all obligations, liabilities, losses, administrative, regulatory or judicial actions, suits, demands, decrees, claims, liens, judgments, warning notices, notices of noncompliance or violation, investigations, proceedings, removal or remedial actions or orders, or damages, penalties, fees, out-of-pocket costs, expenses, disbursements, attorneys’ or