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.
Notice of Issuance has the meaning specified in Section 2.03(a).
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.
Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
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.
Letter of Credit Request shall have the meaning provided in Section 2.03(a).
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.
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.
U.S. Letter of Credit means any Letter of Credit issued under the U.S. Facility.
Facility LC Application is defined in Section 2.19.3.
Letter of Credit Agreement has the meaning specified in Section 2.03(a).
Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).
Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.
Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.
Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.
Supporting Letter of Credit has the meaning specified in Section 1.3(g).
Substitute Letter of Credit has the meaning set forth in Section 10.5(c).
Letter of Credit means any letter of credit issued pursuant to this Agreement.
Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.
Notice of Extension has the meaning specified in Section 2.20.
Facility Letter of Credit means a Letter of Credit issued hereunder.