Letter of Credit Face Amount definition

Letter of Credit Face Amount of any Letter of Credit means, as at any time, the face amount of the Letter of Credit, after giving effect to all drawings paid thereunder and other reductions of the face amount and to all reinstatements of the face amount effected, pursuant to the terms of the Letter of Credit, prior to such time.
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Letter of Credit Face Amount means, for each Letter of Credit, the face amount of such Letter of Credit.
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Letter of Credit Face Amount means, for each Letter of Credit, the face amount of such Letter of Credit. "Letter of Credit Related Documents" shall mean any agreements or instruments relating to a Letter of Credit.
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Examples of Letter of Credit Face Amount in a sentence

  • Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank's Pro Rata Share of the Letter of Credit Face Amount of such Letter of Credit.

  • Each such request shall be in a form acceptable to the Bank and shall specify the Letter of Credit Face Amount thereof, the account party, the beneficiary, the intended date of issuance, the expiry date thereof, and the nature of the transaction to be supported thereby.

  • Each such request shall be in a form acceptable to the Agent and specify the Letter of Credit Face Amount thereof, the account party, the beneficiary, the intended date of issuance, the expiry date thereof, and the nature of the transaction to be supported thereby.

  • Each such request shall be in a form acceptable to the applicable Issuing Bank and specify the Letter of Credit Face Amount thereof, the applicable currency, the account party, the beneficiary, the intended date of issuance, the expiry date thereof (which shall not be later than the Letter of Credit Expiration Date), and the nature of the transaction to be supported thereby.

  • Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank's Pro Rata Share of the Letter of Credit Face Amount of such Letter of Credit.

  • Each such request shall be in a form acceptable to the applicable Issuing Bank and specify the Letter of Credit Face Amount thereof, the applicable currency, the account party, the beneficiary, the intended date of issuance, the expiry date thereof, and the nature of the transaction to be supported thereby.

  • For each Letter of Credit, Borrowers shall pay to Agent a fee (as applicable, the “Letter of Credit Fee”) in an amount equal to (i) 1.75% on the Letter of Credit Face Amount of each standby Letter of Credit from, and including, the issuance date (and on each renewal) of such Letter of Credit to, and including, the expiry date thereof and (ii) 1.75% on the Letter of Credit Face Amount of each commercial Letter of Credit.

  • In addition, Borrowers shall also pay to LC Issuer for its own account (A) at the time of issuance of each Letter of Credit, an issuance fee equal to 0.125% (“Issuance Fee”) of the Letter of Credit Face Amount of such Letter of Credit and (B) all then current opening, closing, transfer, amendment, draw, renewal, negotiation and other administration fees, charges and out-of-pocket expenses with respect to each Letter of Credit.

  • Upon the terms and conditions set forth in this Agreement, each Bank severally agrees to make, from time to time to and including the Termination Date, advances on a revolving credit basis (the "Revolving Credit Advances") to the Borrower, in an aggregate amount not to exceed at any time outstanding the amount of such Bank's Revolving Credit Commitment (as the same may be reduced from time to time pursuant to Section 2.01(f) hereof), minus such Bank's Pro Rata Share of the Letter of Credit Face Amount.

  • Each such request shall be in a form acceptable to the Issuing Bank and specify the Letter of Credit Face Amount thereof, the account party, the beneficiary, the intended date of issuance, the expiry date thereof, and the nature of the transaction to be supported thereby.


More Definitions of Letter of Credit Face Amount

Letter of Credit Face Amount of any Letter of Credit means, at any time, the face amount of the Letter of Credit, after giving effect to all L/C Drafts paid thereunder and other reductions of the face amount and to all reinstatements of the face amount effected, pursuant to the terms of the Letter of Credit, prior to such time.
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Letter of Credit Face Amount. The amount set forth as such on Schedule I hereto Manufacturer: Airbus Industrie Maximum Foreign Use Percentage: The Permitted Percentages as defined in the Tax Indemnification Agreement.
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Letter of Credit Face Amount means, for each Letter of Credit, the face amount of such Letter of
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Related to Letter of Credit Face Amount

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate Available Amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all payments or disbursements made by an Issuing Bank pursuant to a Letter of Credit Advance that have not yet been reimbursed at such time.

  • Letter of Credit Reserve has the meaning set forth in Section 2.1.2(d).

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Letter of Credit Outstandings means, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the amount of all Unpaid Drawings.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.