Examples of Expenses Letter in a sentence
The Company shall pay the Agent and the Arranger the amount of all transaction costs and expenses as set out in the Costs and Expenses Letter.
Borrowers shall pay to BankBoston and Congress a syndication fee on the Closing Date in the amount set forth in the Syndication Expenses Letter.
In the event that Agent shall fail to pay any Expenses required to be paid hereunder, Merchant shall be entitled to draw on the Expenses Letter of Credit to fund such amount following five (5) days written notice to Agent of Merchant's intention to do so, provided that no material default or Event of Default has occurred on the part of the Merchant hereunder and is then continuing.
Expenses Letter Agreement: that certain Letter Agreement, dated as of June 14, 2016, between Par Pacific and Xxxxxxxx Energy Management, LP.
This Agreement contains the entire understanding and agreement between the Parties concerning the subject matter hereof and supersedes in all respects any prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto, other than (i) the Existing Noncompete Provision, and (ii) the Living Expenses Letter, both of which are incorporated into this Agreement by reference.
This Agreement (including the Fees and Expenses Letter which is deemed to form a part of this Agreement) constitutes the whole and only agreement between the parties relating to the subscription of the Bonds; provided, however, nothing herein shall affect any party’s liability for fraudulent misrepresentation.
The Expenses Letter of Credit shall expire on the day that is sixty (60) days after the Sale Termination Date and Merchant agrees to surrender the original Expenses Letter of Credit to the issuer thereof together with written notification that the Expenses Letter of Credit may be terminated on such date.
To secure payment of the Expenses hereunder, Agent shall deliver to Merchant an irrevocable standby letter of credit in an amount equal to an estimate of three (3) weeks of Expenses (approximately $6 million), naming Merchant as beneficiary, substantially in the form of Exhibit 4.3(b) attached hereto (the "Expenses Letter of Credit").
This Agreement, the 2010 IRRA, and the Expenses Letter constitute the full and entire understanding and agreement among the Parties with regard to the subjects hereof.
The Expenses Letter of Credit shall be delivered no later than two (2) business days following the Closing Date, shall be issued by a bank selected by Agent and reasonably acceptable to Merchant, and shall contain terms, provisions and conditions mutually acceptable to Agent and Merchant.