Landlord Letter of Credit definition

Landlord Letter of Credit shall have the meaning assigned to such term in Section 13.2.

Landlord Letter of Credit means the Original Irrevocable Standby Letter of Credit No. #2012-003 issued by Beach Business Bank on September 7, 2012 for the benefit of Wells Fargo Bank, National Association (on behalf of The Carlsbad Campus, LLC) in the face amount of $757,819.76 as reduced from time to time in accordance with its terms.

Landlord Letter of Credit means the Original Irrevocable Standby Letter of Credit No. #2012-003 issued by Beach Business Bank on September 7, 2012 for the benefit of Xxxxx Fargo Bank, National Association (on behalf of The Carlsbad Campus, LLC) in the face amount of $757,819.76 as reduced from time to time in accordance with its terms.

Examples of Landlord Letter of Credit in a sentence

• The final expiry date of the Landlord Letter of Credit shall be one (1) month following the Expiration Date of this Lease.

• Subject to the provisions of this Section 13.2, Tenant shall have the unconditional right to draw upon the Landlord Letter of Credit to satisfy an Award by presenting Tenant’s site draft to the issuing bank as more fully provided in the Landlord Letter of Credit.

• The aggregate Dollar Equivalent amount utilized for the issuance of the Landlord Letter of Credit shall at all times reduce the amount otherwise available for Advances under the Revolving Line.

• By way of clarification, the Landlord Letter of Credit shall be a "Letter of Credit" as such term is defined in the Credit Agreement.

• Parent Borrower has requested that the Lender cause an Issuer to issue a Letter of Credit to replace the Existing Credit (such new Letter of Credit being referred to herein as the "Landlord Letter of Credit").

More Definitions of Landlord Letter of Credit

Landlord Letter of Credit means Irrevocable Standby Documentary Credit No. SDCMTN575813 issued by HSBC Bank USA, National Association for the benefit of Bristol- Myers Squibb Company in the face amount of $7,500,000.”

Landlord Letter of Credit is that certain Letter of Credit no. SVBSF013762, issued by Bank in favor of Saddle Lane Realty, LLC.”

Landlord Letter of Credit means the Letter of Credit issued under the Prior Credit Agreement in favor of Intercontinental Fund II 343 Congress Street, LLC for the account of the Company in the origixxx xxxx xxxxxx xx $1,114,905, and as of the date hereof in an amount not exceeding $973,698.03.

Landlord Letter of Credit means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary. "Lender” means Bridge Bank, National Association, and its successors and assigns.

Landlord Letter of Credit means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary.

Landlord Letter of Credit means Irrevocable Standby Documentary Credit Xx. XXXXXX000000 issued by HSBC Bank USA, National Association for the benefit of Xxxxxxx-Xxxxx Squibb Company in the face amount of $7,500,000.”

Landlord Letter of Credit means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary. “Lender” means Bridge Bank, National Association, and its successors and assigns. "Letter of Credit" has the meaning set forth in Section 1.8. "Letter of Credit Obligations" means, at any time, the sum of, without duplication, (i) the maximum amount available to be drawn on all outstanding Letters of Credit issued by Lender or by Lender’s Affiliate and (ii) the aggregate amount of all amounts drawn and unreimbursed with respect to Letters of Credit issued by the Lender or by Lender’s Affiliate. "Letter of Credit Sublimit" means $500,000.