Letter of Credit Collateral definition

Letter of Credit Collateral has the meaning provided in Section 6.4.

Letter of Credit Collateral has the meaning specified in Section 6.02(b).

Letter of Credit Collateral has the meaning given in clause 21.3(a)(iv).

Examples of Letter of Credit Collateral in a sentence

• Anything in this Agreement to the contrary notwithstanding, funds held in the Letter of Credit Collateral Account shall be subject to withdrawal only as provided in this Section.

• When all of the Obligations shall have been indefeasibly paid in full and no Letters of Credit remain outstanding, the Administrative Agent shall deliver to the Borrower, against receipt but without any recourse, warranty or representation whatsoever, the balances remaining in the Letter of Credit Collateral Account.

• Interest shall accrue on the Letter of Credit Collateral Account at a rate equal to the rate on overnight funds.

• The balances from time to time in the Letter of Credit Collateral Account shall not constitute payment of any Letter of Credit Liabilities until applied by the applicable Issuing Bank as provided herein.

• All such investments and reinvestments shall be held in the name of and be under the sole dominion and control of the Administrative Agent for the ratable benefit of the Administrative Agent, the Issuing Banks and the Lenders; provided, that all earnings on such investments will be credited to and retained in the Letter of Credit Collateral Account.

More Definitions of Letter of Credit Collateral

Letter of Credit Collateral is defined in Section 8.4(b).

Letter of Credit Collateral means all Letters of Credit that relate to the use, operation or enjoyment of the Property, including those that secure the payment of any Accounts comprising Account Collateral or arising from the sale or other disposition of all or part of the Property.

Letter of Credit Collateral shall have the meaning given such term in Section 1.4(11) of the Credit Agreement.

Letter of Credit Collateral. As defined in Section 13.12(c).

Letter of Credit Collateral has the meaning set forth in Section 2.14.

Letter of Credit Collateral means cash, securities issued by or directly and fully guaranteed by the United States, deposits in the Bank or other securities, which secure the Company's obligation to the Bank in the event a Letter of Credit is drawn upon by the beneficiary thereof.

Letter of Credit Collateral is defined in Section 3.14(b).