Evergreen Credit definition

Evergreen Credit means a Credit that expressly provides that the stated expiry date of such Credit will automatically be extended for one or more successive periods of time unless Citibank delivers to the beneficiary of such Credit notice within a specified time period that Citibank has elected not to extend such stated expiry date.
Evergreen Credit means a Credit that provides that the stated expiry date of such Credit will automatically be extended for one or more successive periods of time no later than one year after the date of issuance of such Credit (and each anniversary thereof, if applicable) unless Goldman delivers to the beneficiary of such Credit notice within a specified time period that Goldman has elected not to extend such stated expiry date.

Examples of Evergreen Credit in a sentence

  • Agendas are posted at the Municipal Complex 2000 Municipal Drive; Community Center 1000 Valley Road; Fire Station #40 1326 Cold Spring Road; Evergreen Credit Union 1500 West American Drive; PDQ Food Store 1065 Racine Road.Agendas and resolutions are posted on the Town website- www.town-menasha.com The only business to be conducted is specifically agendized for Town Board action.

  • In addition, indebtedness under the Bank Credit Agreement will be repaid in full in cash and indebtedness under the Evergreen Credit Agreement will be reinstated and modified in accordance with the provisions of the New Evergreen Credit Agreement.

  • The Mobile Bill Payment Service allows you to use a mobile device such as a cell phone, PDA, or any other wireless device to direct payments to payees that you wish to pay, subject to the terms and conditions of your online banking agreement with Evergreen Credit Union.

  • The Exit Facility and the obligations owed under the New Evergreen Credit Agreement will, upon consummation of the Restructuring, leave the Reorganized Debtors with approximately $479.6 million in long-term debt (which amount could increase by up to $30 million if the RCN Companies acquire Pepco's interest in Starpower and such purchase is funded by additional borrowings).

  • The Exit Facility and the obligations owed under the New Evergreen Credit Agreement will leave the Reorganized Debtors with approximately $479.6 million in long-term debt.

  • Pennybacker Real Estate Credit II, LP Pennybacker Real Estate Credit II Pacific, LLC Raven Asset-Based Credit Fund II LP Raven Evergreen Credit Fund II, LP Redwood Enhanced Income Corp.

  • You will notify us immediately by telephone at 000-000-0000 X: 000 and with written notice at Evergreen Credit Union, Attn: Mobile Check Deposit Dept., P.O. Box 1038, Portland, Me 04104-1038 if you learn of any loss or theft of original checks.

  • Upon the Issuing Bank's receipt of such notice, the Issuing Bank shall send notice to the Beneficiary in accordance with Clause 3.1(a) and the Evergreen Credit will no longer be automatically extended.

  • They might see other people in their industry getting better wages and benefits.”– Vice-President Heather LeeExecutive Board Member and Coastal Community Credit Union worker Laurie Kirk got involved in organiz- ing at credit unions when CCCU merged with Evergreen Credit Union, where she had been working.

  • When you request a transfer of funds between your Evergreen Credit Union accounts, you authorize us to withdraw the necessary funds from the Evergreen Credit Union account you designate.

Related to Evergreen Credit

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

  • Evergreen means a contract for a tariff with variable prices, which continues on a rolling basis until it is cancelled by either you or us in accordance with clause 10;

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

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

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.

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

  • Facility LC Application is defined in Section 2.19.3.

  • 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.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • LC means Letter of Credit

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

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • 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 means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Letter of Credit Liability means, all reimbursement and other liabilities of Borrower or any of its Subsidiaries with respect to each Lender Letter of Credit, whether contingent or otherwise, including: (a) the amount available to be drawn or which may become available to be drawn; (b) all amounts which have been paid or made available by any Lender issuing a Lender Letter of Credit or any bank issuing a Bank Letter of Credit to the extent not reimbursed; and (c) all unpaid interest, fees and expenses related thereto.

  • 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.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.