Letter of Continuity definition

Letter of Continuity means the letter of continuity to be delivered by the Borrower to the Lender, in the form set out in Schedule 3 hereto pursuant to the terms of this Agreement as continuing security to the Lender for all Obligations or part thereof then due;
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Examples of Letter of Continuity in a sentence

  • The Borrower may not be required to execute any fresh Loan Agreement, however, a few ancillary documents governing the loan amount and its amortisation schedule, including but not limited to Declaration, Schedule(s), DPN Letter, Letter of Continuity, etc.

  • The Borrower further covenants to execute few ancillary documents governing the loan amount and its amortization schedule including but not limited to Declaration, Schedule(s), DPN Letter, Letter of Continuity which are necessary to ascertain the Subsequent Loan Facility amount.

  • Demand Promissory Note, Letter of Continuity and Revival Letters in prescribed format in Quadruplicate are to be signed.

  • The following equation was used to calculate the percentage of plant composition, bare soil, litter, and rock/feces.

  • Demand Promissory Notes along with Letter of Continuity dated 28.6.2016, 27.7.2016 and 27.6.2017.

  • The most common documents used by the Janata Bank for sanctioning different kinds of Investment are: • Joint Promissory Note, • Letter of Arrangement, • Letter of Disbursement, • Letter of Installment, • Letter of Continuity, • Trust Receipt, • Counter Guarantee, • Stock Report, • Letter of Lien, • Status Report, • Letter of Hypothecation, • Letter of Guarantee • Documents Relating to Mortgage.

  • It is further contended that the plaintiff in para No.5 has stated that the Defendants had executed a Demand Promissory Note, Letter of Continuity, Undertaking and an Agreement Hypothecation and loan Facility all dated: 23.10.2006 are all are all denied as false and not correct and the plaintiff is put to strict proof of the same.

  • Ballots may be accessed from 8:00 a.m. until 8:00p.m. on the day of the election.

  • PW1 has exhibited the Loan Application as Ext.1, the Proposal/Memorandum with Sanction Note as Ext.2, the D.P Note as Ext.3, Agreement of Hypothecation as Ext.4, Letter of General Lien and Set Off as Ext.5, Letter of Continuity as Ext.6. The signatures of the defendant on the aforesaid exhibits have been duly marked and identified by PW1.

  • The Portfolio Manager will not grant margin loan to the Client, unless the Client execute requisite Demand Promissory Note and Letter of Continuity in favour of Portfolio Manager.

Related to Letter of Continuity

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Facility LC Application is defined in Section 2.19.3.

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • LC Application an application by Borrower Agent to Issuing Bank for issuance of a Letter of Credit, in form and substance satisfactory to Issuing Bank.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.

  • Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.

  • Auto-Reinstatement Letter of Credit has the meaning specified in Section 2.03(b)(iv).

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Letter of Agreement means a written document that informally resolves a

  • Honor Date has the meaning specified in Section 2.03(c)(i).

  • CREFC® Modification Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Modification Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.