Examples of Letter of Credit Balance in a sentence
Letters of Credit 0.00 Total New Letter of Credit Balance: 0.00 33 A.
Lender shall, on the terms and conditions set forth in this Agreement (including the terms and conditions set forth in Section 1.1 and Section 1.6), make Letters of Credit available to Borrowers either by issuing them, or by causing other financial institutions to issue them supported by Xxxxxx’s guaranty or indemnification; provided, that after giving effect to each Letter of Credit, the Letter of Credit Balance will not exceed the Letter of Credit Limit.
Without limiting the generality of the foregoing, if, on the Maturity Date, there are any outstanding Letters of Credit, then on such date Borrowers shall provide to Lender cash collateral in an amount equal to 103% of the Letter of Credit Balance to secure all of the Obligations (including estimated out-of-pocket attorneys’ fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Lender.
In the case of a complaint about a player’s age and/or player’s authenticity, the team contact will be required to supply Ontario Basketball with a birth certificate and/or another picture ID containing their birthdate.
Without limiting the generality of the foregoing, if, on the Maturity Date, there are any outstanding Letters of Credit, then on such date Borrowers shall provide to Agent cash collateral in an amount equal to 103% of the Letter of Credit Balance to secure all of the Obligations (including estimated attorneys’ fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Agent.
Lender shall maintain a loan account for Borrower reflecting all outstanding Loans and the Letter of Credit Balance, along with interest accrued thereon and such other items reflected therein (the “Loan Account”), and shall provide Borrower with a monthly accounting reflecting the activity in the Loan Account.
They are: (a) a process; (b) served on the debtor; and (c) by means of which the creditor claims payment of the debt.”48 38 Evidently, the institution of the Law Society matter, and intervention in that matter by certain of the respondents, do not meet the third requirement of section 15(1).
Lender shall, on the terms and conditions set forth in this Agreement (including the terms and conditions set forth in Section 1.1 and Section 1.6), make Letters of Credit available to Borrowers either by issuing them, or by causing other financial institutions to issue them supported by Lender’s guaranty or indemnification; provided, that after giving effect to each Letter of Credit, the Letter of Credit Balance will not exceed the Letter of Credit Limit.
Letter of Credit Balance Loan Agreement Letter of credit dollar amount stated in the Loan Agreement.
At no time shall the Outstanding Letter of Credit Balance exceed $10,000,000.00 (the “Letter of Credit Commitment”).