Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;
Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.
Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.
Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit.
Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.
Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.
Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.
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.
Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.
Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.
Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.
Supporting Letter of Credit has the meaning specified in Section 1.3(g).
Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.
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.
QFC Credit Support has the meaning specified in Section 11.21.
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
Facility LC Application is defined in Section 2.19.3.
Trade Letter of Credit shall have the meaning provided in Section 2.01(a).
Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).
Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).
Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.
Letter of Credit Request shall have the meaning provided in Section 2.03(a).
Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.
Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.
U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.