Letter of definition
Letter of. Credit As set forth in Section 3.01(b) Fee to the Assignee: of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee)4
Letter of. Engagement - means any letter of engagement provided to you by us describing the Services we will provide to you and our fee quote for the Services, as may be amended from time to time Notification - means publishing a notice on the Website Officers - means any employee, officer, director, staff, servant or agent of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tax and “Officer” means any of them Registered Office - means the address recorded in ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tax records for the Client Representative - means an individual or legal entity authorised by the Client to act on their behalf and accepted by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tax Services - means the services described and defined within the Letter of Engagement We, us and our - means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tax, and/or one of its subsidiary companies, Officers, consultants Website - means our Website that contains all up-to-date information at ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇ Writing - means notifications in writing or by way of electronic communications
Letter of. CREDIT SUBLIMIT (Section 1.5): $4,000,000 FOREIGN EXCHANGE CONTRACT SUBLIMIT Up to $4,000,000 of the Credit Limit (the "Contract Limit") may be utilized for spot and future foreign exchange contracts (the "Exchange Contracts"). The Credit Limit available at any time shall be reduced by the following amounts (the "Foreign Exchange Reserve") on each day (the "Determination Date"): (i) on all outstanding Exchange Contracts on which delivery is to be effected or settlement allowed more than two business days from the Determination Date, 10% of the gross amount of the Exchange Contracts; plus (ii) on all outstanding Exchange Contracts on which delivery is to be effected or settlement allowed within two business days after the Determination Date, 100% of the gross amount of the Exchange Contracts. In lieu of the Foreign Exchange Reserve for 100% of the gross amount of any Exchange Contract, the Borrower may request that Silicon debit the Borrower's bank account with Silicon for such amount, provided Borrower has immediately available funds in such amount in its bank account. Silicon may, in its discretion, terminate the Exchange Contracts at any time (a) that an Event of Default occurs or (b) that there is not sufficient availability under the Credit Limit and Borrower does not have available funds in its bank account to satisfy the Foreign Exchange Reserve. If either Silicon or Borrower terminates the Exchange Contracts, and without limitation of the FX Indemnity Provisions (as defined below), Borrower agrees to reimburse Silicon for any and all fees, costs and expenses relating thereto or arising in connection therewith. Borrower shall not permit the total gross amount of all Exchange Contracts on which delivery is to be effected and settlement allowed in any two business day period to be more than $2,000,000 (the "Settlement Limit"), nor shall Borrower permit the total gross amount of all Exchange Contracts to which Borrower is a party, outstanding at any one time, to exceed the Contract Limit. Notwithstanding the above, however, the amount which may be settled in any two (2) business day period may, in Silicon's sole discretion, be increased above the Settlement Limit up to, but in no event to exceed, the amount of the Contract Limit (the "Discretionary Settlement Amount") under either of the following circumstances (the "Discretionary Settlement Circumstances"):
Examples of Letter of in a sentence
For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.
Any amounts remaining from moneys drawn on the Letter of Credit which are not used to purchase Replacement Securities or are not used to provide refunds to Unitholders shall be paid to the Depositor.
The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.
If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.
More Definitions of Letter of
Letter of. Credit Fee" - see Section 3.01(b).
Letter of. Credit No. __________ issued by the undersigned in the amount of US $_____________ is now operative for drawing."
Letter of representation" by Seller's management.
Letter of. Credit Fee" has the meaning ascribed to it in Annex B. -------------------- -------
Letter of. Credit shall have the meaning specified in Section 2.9.1 [Issuance of Letters of Credit].
Letter of. Credit Right” “Letters of Credit”
Letter of. Engagement: means the letter (including any appended schedules) from Us which sets out Our Fees and Services and refers to these Terms of Business. Officer: means any individual or company whose services as a director or other officer (including any temporary or alternate director) are provided by Equiom Group to any company, trust, foundation or partnership and includes any officer so provided who has ceased to act. Principal: means the beneficial owner (individual or legal entity), who ultimately owns or controls the company or managed client entity, whether directly or indirectly. This includes any party with significant influence over decision making processes or holding substantial ownership interests, regardless of whether they appear as the registered owner or act through intermediaries, nominees or other corporate structures. Regulator: means any financial services or other regulator having jurisdiction over the relevant Group Company (including but not limited to the Isle of Man Financial Services Authority, the