Performance Letter definition

Performance Letter shall have the meaning set forth in Section 2.10.11(a) hereof.
Sample 1Sample 2Sample 3
Performance Letter means the performance letters granted by GOODYEAR DUNLOP TIRES EUROPE BV in the forms agreed between the Parties
Sample 1Sample 2Sample 3
Performance Letter means the performance letters granted by GOODYEAR DUNLOP TIRES EUROPE BV in the forms set out in Schedule 10.
Sample 1

Examples of Performance Letter in a sentence

  • If there is any change in the Applicable Rate (or in the characterization of such Letter of Credit as a Performance Letter of Credit or Financial Letter of Credit) during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate (or characterization thereof) was in effect.

  • The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance, subject to adjustment as provided in Section 2.17, with its Applicable Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the Dollar Equivalent of the daily amount available to be drawn under such Financial Letter of Credit and Performance Letter of Credit, as applicable.

  • Notwithstanding anything herein to the contrary, the Administrative Agent shall not have any liability arising from (A) any confirmation of the Revolving Credit Exposure or the component amounts thereof or (B) any determination as to whether a Letter of Credit constitutes a Financial Letter of Credit or a Performance Letter of Credit.

  • The Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender, in accordance with its Applicable Percentage, in Dollars, a Letter of Credit fee (a “Performance Letter of Credit Fee”) for each Performance Letter of Credit issued under the Revolving Credit Facility equal to the Applicable Rate for the Performance Letter of Credit Fees times the Dollar Equivalent of the daily amount available to be drawn under such Performance Letter of Credit.

  • Each determination as to whether a Letter of Credit constitutes a Financial Letter of Credit or a Performance Letter of Credit shall be made by the applicable Issuing Bank, acting reasonably and in consultation with the Borrower and, once made, shall be conclusive and binding upon the Borrower, the Lenders and the Issuing Banks.

  • Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each Financial Letter of Credit and Performance Letter of Credit, and (ii) the rules of the UCP shall apply to each Commercial Letter of Credit.

  • Notwithstanding anything herein to the contrary, the Administrative Agent shall not have any liability arising from (A) any confirmation of the Revolving Exposure or the component amounts thereof, (B) any confirmation of the aggregate Revolving Exposure attributable to Loans made to PTFI and Letters of Credit issued at the request of PTFI or of the component amounts thereof or (C) any determination as to whether a Letter of Credit constitutes a Financial Letter of Credit or a Performance Letter of Credit.

  • The Province will also as soon as reasonably practicable surrender to the Contractor the Financing and Initial Performance Letter of Credit if this Agreement is terminated in accordance with this Agreement other than under Section 17.2(a).

  • Each determination as to whether a Letter of Credit constitutes a Financial Letter of Credit or a Performance Letter of Credit shall be made by the Administrative Agent and the applicable Issuing Bank, acting reasonably and, once made, shall be conclusive and binding upon Borrower, the Lenders and the Issuing Banks.

  • Such fronting fee shall be due and payable (i) in the case of any Financial Letter of Credit or Performance Letter of Credit, on the last Business Day of March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) in the case of any Documentary Letter of Credit, on the date of issuance or amendment of any such Letter of Credit.


More Definitions of Performance Letter

Performance Letter. A letter of credit issued by an entity satisfactory ------------------ to the Rating Agency in such amount and substance that is satisfactory to the Rating Agency and in substantially the form attached hereto as Exhibit A, duly executed by it and delivered to the Trustee (i) contemporaneously with the execution and delivery of the Master Servicing Agreement, (ii) in substitution for a cash deposit or insurance policy pursuant to Section 6.05 hereof or (iii) in substitution for a Performance Letter delivered to the Trustee contemporaneously with the execution and delivery of the Master Servicing Agreement.
Sample 1Sample 2
Performance Letter means a performance letter substantially in the form attached as Exhibit E-1 or Exhibit E-2 hereto, as applicable.
Sample 1Sample 2
Performance Letter. A letter of credit issued by an entity satisfactory ------------------- to the Rating Agency in such amount and substance that is satisfactory to the Rating Agency and in substantially the form attached hereto as Exhibit A, duly executed by it and delivered to the
Sample 1
Performance Letter of Credit Fee Rate" as of any day means (i) if such day falls within a Level I Pricing Period, 1.0000%; (ii) if such day falls within a Level II Pricing Period, 1.1250%; and (iii) if such day falls within a Level III Pricing Period, 1.3750%.
Sample 1
Performance Letter means a performance letter substantially in the form attached as Exhibit E-1 or Exhibit E-2 hereto, as applicable. “Permitted Encumbrances” shall mean, (i) with respect to the Mortgaged Property, collectively, (a) the Liens and security interests created by theLoan Documents, (b) all Liens, encumbrances and other matters disclosed in the Title Insurance Policy, (c) Liens, if any, for Taxes imposed by any Governmental Authority not yet due or delinquent, unless and to the extent being contested by Borrower in express compliance with the terms of this Agreement, (d) any other documents recorded with Agent’s prior written consent or as otherwise expressly permitted pursuant to this Agreement, and (e) such other title and survey exceptions as Agent has approved or may approve in writing in the reasonable and good faith exercise of Agent’s discretion, provided that the Closing Permitted Encumbrances to be removed after the Closing Date but prior to the date of the Initial Advance shall not constitute Permitted Encumbrances as of or after the date of the Initial Advance and (ii) with respect to the Sunrise Restricted Assets, collectively, (a) all Liens and encumbrances in existence as of the date hereof and securing indebtedness of Sunrise Guarantor and (b) any Liens and encumbrances in connection with the incurrence of indebtedness which is not the indebtedness of another Person or entity .
Sample 1

Related to Performance Letter

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Performance Letter of Credit means any standby Letter of Credit which represents an irrevocable obligation to the beneficiary on the part of the Issuing Bank to make payment on account of any default by the account party in the performance of a nonfinancial or commercial obligation.

  • Performance Report has the meaning set out in clause 8.2;

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Assurance means collateral in the form of cash or letters of credit, or other security acceptable to the requesting Party.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Performance Limits means the performance limits specified in the section of this Certificate titled Performance Limits.

  • Performance Certification As defined in Section 11.05.

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Corridor means the acceptable range of results around a Performance Target;

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Certificate means the certificate issued under Sub-Clause 11.9 [Performance Certificate].

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Performance Data means a rating, ranking, quotation, discussion or analysis regarding an aspect of the investment performance of an investment fund, an asset allocation service, a security, an index or a benchmark;

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Further Competition Award Criteria means the award criteria set out in Part 2 of Framework Schedule 6 (Award Criteria);

  • Cash Award means an award denominated in cash.