Examples of Ford Letter of Credit in a sentence
Ford, in its capacity as accountholder of a Ford Letter of Credit, is an express third party beneficiary of the Base Indenture and this Series Supplement to the extent of the provisions relating to Ford.
Each of the Insurer, Ford, in its capacity as accountholder of a Series 2005-3 Ford Letter of Credit, and each Interest Rate Hedge Provider is an express third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider, in the case of the Insurer and the Series 2005-3 Interest Rate Hedge Provider, or to the extent of the provisions relating to Ford, in the case of Ford and (ii) this Series Supplement.
Each of the Insurer, Ford, in its capacity as accountholder of a Series 2005-4 Ford Letter of Credit, and each Interest Rate Hedge Provider is an express third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider, in the case of the Insurer and the Series 2005-4 Interest Rate Hedge Provider, or to the extent of the provisions relating to Ford, in the case of Ford and (ii) this Series Supplement.
Each of the Insurer, Ford, in its capacity as accountholder of a Series 2005-1 Ford Letter of Credit, and each Interest Rate Hedge Provider is an express third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider, in the case of the Insurer and the Series 2005-1 Interest Rate Hedge Provider, or to the extent of the provisions relating to Ford, in the case of Ford and (ii) this Series Supplement.
Each of the Insurer, Ford, in its capacity as accountholder of a Series 2005-2 Ford Letter of Credit, and each Interest Rate Hedge Provider is an express third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider, in the case of the Insurer and the Series 2005-2 Interest Rate Hedge Provider, or to the extent of the provisions relating to Ford, in the case of Ford and (ii) this Series Supplement.
Each of the Insurer and Ford in its capacity as accountholder of a Series 2004-1 Ford Letter of Credit is an express third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider, in the case of the Insurer, or to the extent of the provisions relating to Ford, in the case of Ford and (ii) this Series Supplement.
On or prior to the date of any drawing under a Series 2004-1 Ford Letter of Credit pursuant to Section 2.08(b) or (c) of this Series Supplement, HVF shall establish and maintain in the name of the Trustee for the benefit of the Series 2004-1 Noteholders, the Insurer and Ford, an account (the “Series 2004-1 Ford Cash Collateral Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2004-1 Noteholders, the Insurer and Ford.
In the event that Trustor is required to deliver the Ford Letter of Credit, Beneficiary shall release such letter of credit to Trustor upon the satisfaction of the Release Condition (defined below) in respect of the premises demised under the Ford Lease.
The Series Supplement pursuant to which the Series of Notes being supported by such Ford Letter of Credit was issued shall be substantially in the form as of the date hereof of the Series Supplement relating to the Series 2004-1 Notes, the Series 2005-1 Notes, the Series 2005-2 Notes, the Series 2005-3 Notes or the Series 2005-4 Notes.
Ford will promptly notify HVF and Hertz of the payment by Ford of any reimbursement amounts owing from Ford in respect of any disbursements under a Ford Letter of Credit to the issuing bank of such Ford Letter of Credit.