Examples of Guarantee Letters in a sentence
No Accommodation (other than the Bank Guarantee Letters of Credit) shall have an expiry or maturity date more than one year after its date of issuance or creation; PROVIDED, that, any Specified Letter of Credit (other than the Bank Guarantee Letters of Credit) may provide for the renewal thereof for additional periods not to exceed one (1) year (which shall in no event extend beyond the Scheduled Revolving Credit Commitment Termination Date).
Shows accurate effort to flex own response to changing environmental demandsas needed.NDIC3.
On 31.12.2021, the approved limit is 19,365,000 lei, of which 14,572,011.77 lei are used through the credit line and 641,312.49 lei through Bank Guarantee Letters, the available limit to be used being 4,151,675 lei.
On 5 October 2009, JVCo filed a lawsuit against Emniyet in the Ankara Court of First Instance for unlawful termination of the Contract, claiming for YTL5 million and return of the Guarantee Letters (“Claim”).
In addition, the Operating Borrower may, at its option and subject to the provisions of this agreement, utilize the Operating Facility by way of Letters of Credit or Guarantee Letters issued by the Issuing Lender in Canadian Dollars or US Dollars pursuant to Article 5 hereof.
English Bidco hereby represents, warrants, agrees, covenants and reaffirms that: (i) it has no (and it permanently and irrevocably waives, and releases Chase from, any, to the extent arising on or prior to the Closing Date) defense, setoff, claim, or counterclaim against Chase with regard to its English Obligations in respect of the Bank Guarantee Letters of Credit and (ii) reaffirms its obligation to reimburse Chase as set forth above.
Each Specified Accommodation shall (i) be (w) the Bank Guarantee Letters of Credit, (x) a Standby L/C, (y) a Trade L/C or (z) a bankers' acceptance, to the extent included in the Specified Accommodation Commitment and (ii) expire or mature no later than five (5) Business Days prior to the Scheduled Revolving Credit Commitment Termination Date.
Pursuant to Case No. 2012/510 filed by Emniyet on 24 September 2012 against the JVCo, Emniyet also claimed from JVCo an interest of YTL250.048,53 due to them not being able to cash in the Guarantee Letters as a result of the Injunction.
SSW or SSWG, as the case may be, shall pay letter of credit fees in respect of any such Letters of Credit or Guarantee Letters at the applicable rate (based on the Face Amount of such Letters of Credit or Guarantee Letters) set out in Appendix 2 and upon other terms and conditions to be negotiated between SSW or SSWG, as the case may be, and TD Bank.
Pursuant to the terms and conditions of the Master Sale and Leaseback Agreement and the Sale and Purchase Agreement, the Advance shall be settled within seven (7) days from the date on which the conditions contained therein are fulfilled, including but not limited to, the delivery of the duly executed Master Sale and Leaseback Agreement, the Sale and Purchase Agreement and the Guarantee Letters by the Lessee to the Lessor.