IRB Letter of Credit definition

IRB Letter of Credit means one or more Letters of Credit securing the Company's obligations in respect of outstanding City of Salem, Massachusetts Flexible Mode Industrial Development Revenue Bonds (Applied Extrusion Technologies, Inc. Issue), in form and substance satisfactory to JPMorgan Chase.

IRB Letter of Credit means the PNC Letter of Credit attached hereto as Schedule 9.2 and any replacement letter of credit issued by the Issuing Lender as set forth in subsection 9.2A.

IRB Letter of Credit means that certain Letter of Credit issued by the Bank on behalf of the Borrower pursuant to the Reimbursement Agreement, as the same may be amended, modified, restated, refinanced, refunded or renewed from time to time in whole or in part. "LC Administrative Fee" - see Section 3.10. ------------

Examples of IRB Letter of Credit in a sentence

• Each Letter of Credit shall be denominated in dollars and shall be a either a direct pay IRB Letter of Credit, a direct pay letter of credit supporting bond related Indebtedness similar to the IRB Letters of Credit or a standby letter of credit issued to support the obligations of Borrower in connection with Permitted Developments.

• According to the altitude of orbits, the satellite around the earth can be classified into geosynchronous earth orbit (GEO) satellites, medium earth orbit (MEO) satellites, and low earth orbit (LEO) satellites [6].

• The Borrower shall cause Norwest Bank Colorado, National Association, a national banking association ("Norwest"), to execute and maintain in effect for so long as the IRB Letter of Credit is outstanding an intercreditor agreement with Silicon in form and substance acceptable to Silicon in its discretion.

• On or before each date on which there is scheduled to be a Drawing under any IRB Letter of Credit pursuant to the IRB Documents, the Borrower will deposit in the IRB Indebtedness Account sufficient funds such that there will be available therein on the applicable Drawing Date the amount needed to reimburse the Agent for the amount of such Drawing.

• A $5,000,000 IRB Letter of Credit for the account of Plasti-Line Columbia, Inc., plus the required interest component (the "IRB Letter of Credit," and, together with the Operating Companies Term Loan and the Revolver, the "Operating Companies Facilities") to mature fifty- nine months from closing.

More Definitions of IRB Letter of Credit

IRB Letter of Credit the Letter of Credit, dated February 28, -------------------- 1996, issued by Summit Bank for the account of Xxxxxxx, Inc. in favor of the holders of the $4,300,000 aggregate principal amount Massachusetts Finance Agency Industrial Revenue Bonds - United Medical Corporation Issue - Series 1992, in the original amount of $3,779,069 or any successor letter of credit issued in accordance with Section 5.17 hereof.

IRB Letter of Credit means that certain Letter of Credit No. A-304726 dated March 1, 1993, issued by PNC Bank, National Association in favor of The Bank of New York, successor to Irving Trust Company, in its capacity as Trustee under the Indenture of Trust dated as of January 1, 1988, between the Trustee and the County of Belmont Ohio, for the account of LESCO, Inc. in the face amount of $6,230,720.

IRB Letter of Credit means the letter of credit issued by Wachovia Bank, National Association on the application of the Company providing credit support for the IRB.

IRB Letter of Credit is defined in Section 2.2.2.

IRB Letter of Credit means an irrevocable letter of credit in the form of Exhibit K to support the obligations of the Borrower in connection with The Hertford County Industrial Facilities and Pollution Control Financing Authority Industrial Development Revenue Bonds (Easco Corporation Project), Series 1998, and otherwise satisfactory to the LC Issuer.

IRB Letter of Credit is defined in the preamble.

IRB Letter of Credit means that certain Irrevocable Transferable Direct Pay Letter of Credit No. S104502 dated March 23, 2000 in the stated face amount of $8,873,061.64 issued by the Agent, for the account of the Company, for the benefit of the Certificate Trustee pursuant to the Indenture, as the same may be increased, reduced, renewed, extended, amended, modified, supplemented, restated or replaced from time to time.