Letter of Credit Request Form definition

Letter of Credit Request Form means a certificate, in substantially the form of Exhibit “B-2” hereto, properly completed and signed by the Borrower requesting the issuance of a Letter of Credit (or the amendment, renewal, or extension of an outstanding Letter of Credit).
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Letter of Credit Request Form means the certificate in the form attached as Exhibit B-1 hereto to be delivered by Borrowers to Agent as a condition of each issuance of a Letter of Credit pursuant to Paragraph 2A.3 hereof.
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Letter of Credit Request Form means a certificate, in substantially the form of Exhibit "H" hereto, properly completed and signed by the Borrower requesting issuance of a Letter of Credit.
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Examples of Letter of Credit Request Form in a sentence

  • The obligation of each Lender to make any Advance and of the Issuing Bank to issue any Letter of Credit (including the initial Advance and the initial Letter of Credit) is subject to the following additional conditions precedent: Advance Request Form, Telephonic Request, or Letter of Credit Request Form.

  • It shall be a condition to the issuance of any Letter of Credit that Agent shall have received a Letter of Credit Request Form as described above and such letter of credit application and agreement as Agent shall reasonably require in connection therewith, and that the conditions set forth in Paragraph 4.2 shall be satisfied.

  • Each Letter of Credit Request Form submitted by Borrowers to Agent requesting the issuance of a Letter of Credit shall be certified by the chief executive or chief financial officer of the Company, on behalf of Borrowers, and shall, in addition to the matters described in Paragraph 2.7(a) hereof, list all Letters of Credit outstanding for the account of Borrowers at that time and, for each Letter of Credit so listed, its face amount, outstanding undrawn balance and expiration date.

  • Each Letter of Credit shall be issued on at least three Business Days prior notice from the Borrower to the applicable Issuing Bank (with a copy to the Agent) by means of a Letter of Credit Request Form describing the transaction proposed to be supported thereby and specifying the information required therein.

  • The Agent in respect of Revolving Credit Loan Advances, the Swing Lender in respect of Swing Loan Advances, and the Issuing Bank in respect of Letters of Credit shall have received, in accordance with Section 2.5, 2.7 or 3.2, as the case may be, an Advance Request Form, a telephonic request, or Letter of Credit Request Form, as applicable, executed by an authorized officer of the Borrower; No Default.

  • The obligation of Agent or Lenders to make additional Advances under the Commitment or issue Letters of Credit shall be subject to their receipt of a completed Advance Request Form or Letter of Credit Request Form and Letter of Credit Application, as applicable, and in the case of an Advance for purposes of making a Permitted Acquisition, receipt of the required information, confirmations and documents.

  • It shall be a condition to the issuance of any Letter of Credit that Agent shall have received a Letter of Credit Request Form and Letter of Credit Application as described above and that the conditions set forth in Paragraph 4.3 shall be satisfied.

  • The Agent in respect of Tranche A Advances, the Tranche B Loan and the Tranche C Loan, the Swing Lender in respect of Swing Loan Advances, and the Issuing Bank in respect of Letters of Credit shall have received, in accordance with Section 2.7, 34 2.9 or 3.2, as the case may be, an Advance Request Form, a telephonic request, or Letter of Credit Request Form, as applicable, executed by an authorized officer of the Borrower; (b) No Default or Event of Default.

  • EXHIBIT C TO CREDIT AGREEMENT Letter of Credit Request Form ----------------------------- LETTER OF CREDIT REQUEST FORM ----------------------------- TO: Texas Commerce Bank National Association, as Agent 0000 Xxxx Xxxxxx, 3rd Floor Dallas, Texas 75201 Attention: Xxxxx X.

  • If the contract has been properly authorized in accordance to the approval matrix the Standby Letter of Credit Request Form will be processed.


More Definitions of Letter of Credit Request Form

Letter of Credit Request Form means an Advance Request Form properly completed and signed by the applicable Borrower requesting issuance of a Letter of Credit.
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Letter of Credit Request Form means a certificate, substantially in the form ------------------------------- of Exhibit F hereto, properly completed and signed by the Borrower requesting ---------- issuance of a Letter of Credit. "LIBOR Advances" means Advances the interest rates on which are determined on --------------- the basis of the rates referred to in the definition of LIBOR Rate in this - Section 1.1. - "LIBOR Rate" means, for any LIBOR Advance for any Interest Period, the rate per ----------- annum determined pursuant to the following formula: (a) Base LIBOR applicable to such LIBOR Advance for such Interest Period, divided by (b) one hundred percent (100%) minus the LIBOR Reserve Percentage for such LIBOR Advance for such Interest Period. "LIBOR Rate Margin" means, with respect to the Term Loan and the Revolving ------------------- Credit Loans, at such time and from time to time as the relevant Funded Debt ---- Ratio is in one of the following ranges, the percentage per annum set forth -- opposite such Funded Debt Ratio: -- Funded Debt Ratio Percentage ----------------- ---------- Less than 2.0 to 1.0 1.25% -------------------- ----- 2.0 to 1.0 or greater and less than 2.5 to 1.0 1.50% ---------------------------------------------- ----- 2.5 to 1.0 or greater and less than 3.0 to 1.0 1.75% ---------------------------------------------- -----
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Letter of Credit Request Form means a certificate, in
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Related to Letter of Credit Request Form

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Facility LC Application is defined in Section 2.19.3.

  • Letter of Credit means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.

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

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

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

  • LC Request a request for issuance of a Letter of Credit, to be provided by Borrower Agent to Issuing Bank, in form satisfactory to Agent and Issuing Bank.

  • Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Limit means $5,000,000.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • 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 Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Irrevocable Letter of Credit means an irrevocable letter on the financial institution’s standard form containing a request that the party to whom it is addressed pay the bearer or a person named therein money as a result of failure to perform or fulfill all the covenants, undertakings, terms, conditions and agreements contained in a contract.

  • Letter of Credit Liability means, all reimbursement and other liabilities of Borrower or any of its Subsidiaries with respect to each Lender Letter of Credit, whether contingent or otherwise, including: (a) the amount available to be drawn or which may become available to be drawn; (b) all amounts which have been paid or made available by any Lender issuing a Lender Letter of Credit or any bank issuing a Bank Letter of Credit to the extent not reimbursed; and (c) all unpaid interest, fees and expenses related thereto.