Letter of Credit Note definition

Letter of Credit Note means the promissory note evidencing the Letter of Credit Obligations in the original principal amount of Thirty Million Dollars ($30,000,000) executed by Borrower in favor of Issuing Lender, as it may be amended, supplemented, replaced or modified from time to time. A copy of the Letter of Credit Note is attached hereto as Exhibit G.

Letter of Credit Note means the Promissory Note executed by the Authority in favor of the L/C Provider pursuant to the terms of the Letter of Credit Drawdown Agreement.

Letter of Credit Note means the promissory note date of even date herewith in the principal sum of the Letter of Credit Loan (together with all renewals and extension thereof) executed and delivered by Borrower and payable to the order of Lender, evidencing the Letter of Credit Liability.

Examples of Letter of Credit Note in a sentence

• Each Qualified Borrower shall execute and deliver a Qualified Borrower Letter of Credit Note payable to the Administrative Agent on behalf of the related Letter of Credit Issuer(s) (with blanks appropriately completed in conformity herewith).

• The Letter of Credit Obligations will be evidenced by the Letter of Credit Note.

• Upon request of such withdrawing Qualified Borrower, the Administrative Agent will return or destroy any Qualified Borrower Promissory Note or Qualified Borrower Letter of Credit Note issued by such Qualified Borrower.

• The obligations of Lender under this Amendment shall be subject to the condition precedent that Debtor shall have executed and delivered to Lender this Amendment and such other documents and instruments incidental and appropriate to the transaction provided for herein as Lender or its counsel may reasonably request, including, without limitation, the Letter of Credit Note.

• Each Qualified Xxxxxxxx agrees, from time to time, upon the request of the Administrative Agent, to issue a new Qualified Borrower Letter of Credit Note previously issued by such Qualified Borrower to the Administrative Agent, and such previously issued Note shall be returned to such Qualified Borrower marked “replaced”.

More Definitions of Letter of Credit Note

Letter of Credit Note or “Letter of Credit Notes” shall have the meanings specified in Section 2.2 hereof.

Letter of Credit Note means the promissory note issued primarily for and by Holdings in favor of FNBCT in the principal amount of $30 million, with an interest rate of 6% per annum and a maturity date of March 31, 2017, and secured by a first lien and security interest in favor of FNBCT on all assets of Holdings and the Debtor.

Letter of Credit Note means the promissory note from the Borrower to the Bank in the form attached hereto as Exhibit A evidencing the Borrower's obligations to make payment to the Bank under this Agreement for amounts drawn under the Letter of Credit.

Letter of Credit Note will have the meaning set forth in Section 2.3 of this Agreement.

Letter of Credit Note and "Letter of Credit Notes" shall have the meanings specified in subsection 3.1(c).

Letter of Credit Note is defined in Section 2.11(c) hereof.

Letter of Credit Note as defined in subsection 2.3(d).