Examples of Master Reimbursement Agreement in a sentence
Any of the parties hereto may, by a notice to the other party specifically captioned "Notice of Change of Address pursuant to section 8.3 of the Master Reimbursement Agreement", designate any further or different address to which subsequent notices, certificates or other communications shall be sent without any requirement of execution of any amendment to this Agreement.
Upon and subject to the provisions and conditions of this Assignment, as of the Transfer Date, Assignor delegates, assigns and transfers all of Assignor’s right, title and interest in the Master Reimbursement Agreement to Assignee.
Borrower covenants and agrees that Borrower shall at all times during the term of this Instrument comply with the covenants set forth in Sections 2.2(i) and 2.3(k) of the Master Reimbursement Agreement and that Borrower shall not violate the provisions of subsections 2.3(a)(iii) or 2.3(a)(iv) of the Master Reimbursement Agreement.
This Application is subject to the terms and conditions of a Continuing Agreement for Commercial Letters of Credit, a Master Reimbursement Agreement and/or other credit documentation governing the issuance and reimbursement of letters of credit, as applicable, which has been furnished to the undersigned.
Approval of Master Reimbursement Agreement with SSA Terminals, LLC, for Port Maintenance Responsibilities for the Matson Terminal (Berths 60-63), for a Total Amount Not to Exceed $5 Million Through June 30, 2032.
The Administrative Agent shall have received reasonably satisfactory evidence of the termination of the obligations of ING Capital LLC under the Master Reimbursement Agreement, dated as of May 9, 2018, by and between the Borrower and ING Capital LLC, as issuer.
Secured Letter of Credit Facility On March 27, 2017, certain of AXIS Capital’s operating subsidiaries (the "Participating Subsidiaries") amended their existing$500 million secured letter of credit facility (the "LOC Facility") with Citibank Europe plc ("Citibank") to include an additional $250 million of secured letter of credit capacity (the "$250 Million Facility") pursuant to a Committed Facility Letter and an amendment to the Master Reimbursement Agreement (the "LOC Facility Documents").
The interest rates shown for these IRBs in the table above reflect the costs of the direct pay letters of credit and amortization of other related costs of those IRBs. A Master Reimbursement Agreement with GE Commercial Finance, which provides for the direct pay letters of credit, expires in July 2016.
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Prior to the first Utilization in the form of an L/C Issuance, the Master Reimbursement Agreement shall be fully executed by the parties thereto, and shall be in full force and effect.