Fronted Letters of Credit definition

Fronted Letters of Credit means the letters of credit issued by each Fronted LC Issuing Bank, in each case as the sole issuer thereof, under Section 2.10, and shall include the Existing Fronted Letters of Credit.
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Fronted Letters of Credit means the letters of credit issued under Section 2.03 that are not specifically designated as Multi-Issuer Letters of Credit and which are issued by an L/C Issuer.
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Fronted Letters of Credit means each Revolving Letter of Credit and each LC Facility Letter of Credit.
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Examples of Fronted Letters of Credit in a sentence

  • Each Bank acknowledges and agrees that its obligation to acquire participations in respect of Fronted Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Fronted Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments.

  • After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Fronted Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Fronted Letters of Credit.

  • In the case of Fronted Letters of Credit, the Fronting Bank and in the case of Several Letters of Credit, the LC Administrator.

  • The obligations of the Lenders hereunder to make Revolving Loans, to fund Several Letters of Credit, to purchase and fund participations in Fronted Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint.

  • Bank of America in its capacity as an issuer of (a) Fronted Letters of Credit and (b) Several Letters of Credit on behalf of each Participating Bank.


More Definitions of Fronted Letters of Credit

Fronted Letters of Credit means (a) Letters of Credit issued by the Fronting Bank pursuant to Section 3.2 and (b) Converted Fronted Letters of Credit.
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Fronted Letters of Credit means (a) Letters of Credit issued by the Fronting Bank pursuant to Section 3.2, (b) Converted Fronted Letters of Credit and (c) the Existing $200 Million Fronted Letters of Credit.
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Fronted Letters of Credit means letters of credit issued under Section 2.03, including, for the avoidance of doubt, each Existing Participated Letter of Credit continued hereunder.
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Fronted Letters of Credit means, collectively, Fronted Tranche 1 Letters of Credit and Fronted Tranche 2 Letters of Credit.
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Fronted Letters of Credit means the letters of credit issued under Section 2.03 that are not specifically designated as Multi-Issuer Letters of Credit. “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercialloans and similar extensions of credit in the ordinary course of its activities.
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Fronted Letters of Credit has the meaning specified in Section 3.1(a).
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Fronted Letters of Credit means the letters of credit issued under Section 1.07(b).
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