Letter of Credit Provider definition

Letter of Credit Provider means, subject to the satisfaction of the Rating Agency Condition, the letter of credit provider under any Letter of Credit issued after the Closing Date.

Letter of Credit Provider means each issuer of a Letter of Credit.

Letter of Credit Provider means a provider of credit under any Letter of Credit or Substitute Credit;

Examples of Letter of Credit Provider in a sentence

• If the Required Letter of Credit Amount as specified in such Written Certificate is less than 20% of Maximum Annual Debt Service, the Community Facilities District shall promptly direct the Trustee to, in accordance with the terms of the Indenture and such Transferred Parcel Letter of Credit, surrender such Transferred Parcel Letter of Credit to the Letter of Credit Provider with respect thereto.

• In the event that pursuant to this Agreement there shall at any time be a substitute Letter of Credit Provider or a substitute Letter of Credit, such substitute Letter of Credit Provider shall meet the minimum standards described in Exhibit G and such substitute Letter of Credit shall meet the minimum standards described on Exhibit H.

• The Developer shall provide notice to the Community Facilities District and the Trustee of a Rating Downgrade with respect to the Letter of Credit Provider that issued the Developer Letter of Credit immediately upon receiving notice thereof.

• If the Required Letter of Credit Amount as specified in such Written Certificate is less than 20% of Maximum Annual Debt Service, the Community Facilities District shall promptly direct the Trustee to, in accordance with the terms of the Indenture and the Developer Letter of Credit, surrender the Developer Letter of Credit to the Letter of Credit Provider with respect thereto.

• The Developer shall provide notice to the Community Facilities District and the Trustee of a Rating Downgrade with respect to each Letter of Credit Provider that issued a Transferred Parcel Letter of Credit immediately upon receiving notice thereof.

More Definitions of Letter of Credit Provider

Letter of Credit Provider has the meaning set forth in the applicable Trust Financing Agreement for a Series.

Letter of Credit Provider means XX Xxxxxx Xxxxx Bank, NA., or any substitute provider whose obligations are rated as First Tier Securities as defined in paragraph (a)(12) of Rule 2a-7.

Letter of Credit Provider. The issuing bank of a Letter of Credit.

Letter of Credit Provider means Credit Suisse First Boston and any permitted successors or assigns.

Letter of Credit Provider means Citibank.

Letter of Credit Provider means, with respect to any Series of Class A-l Notes, the party identified as the “Letter of Credit Provider” or the “Letter of Credit Issuing Bank,” as the context requires, in the applicable Variable Funding Note Purchase Agreement.

Letter of Credit Provider means JP Morgan Chase Bank, NA., or any substitute provider whose obligations are rated as First Tier Securities as defined in paragraph (a)(12) of Rule 2a-7.