Proposal Letter of Credit definition

Proposal Letter of Credit means a letter of credit to secure the obligations of a
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Proposal Letter of Credit means the letter(s) of credit Proposers may submit to Department as further described in ITP Section 4.9.
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Proposal Letter of Credit means the letter(s) of credit Proposers may submit to FDOT as further described in ITP Section 4.9.
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Examples of Proposal Letter of Credit in a sentence

  • A Proposal Letter of Credit submitted by a Proposer shall be valid for no less than 180 days after the Proposal Due Date.

  • The Proposer shall attach to each Proposal Letter of Credit (or present with each electronic or “paperless” letter of credit) evidence of the issuer’s long-term unsecured debt rating current as of 30 days before provision of the Proposal Letter of Credit.

  • The Proposal Letter of Credit shall be subject to forfeiture in accordance with ITP Section 4.7. Proposers may submit more than one Proposal Letter of Credit in the form provided in Form K-2, provided that the Proposal Letters of Credit total $10 million in the aggregate.

  • The Proposal Letter of Credit submitted by a Proposer shall be subject to forfeiture in accordance with ITP Section 4.7, and shall be valid for no less than 210 days after the Financial Proposal Due Date.

  • The Proposal Letter of Credit shall be subject to forfeiture in accordance with ITP Section 4.7. Proposers may submit more than one Proposal Letter of Credit substantially in the form provided in Form K-2, provided that the Proposal Letters of Credit total $10 million in the aggregate.

  • LETTER OF CREDIT: Proposals must be accompanied by a certified or cashier’s check on a bank, or Proposal Letter of Credit payable to the Brown County in the amount of Five Thousand and No/100 Dollars ($5,000).

  • The Proposer shall attach to each letter of credit (or present each electronic or “paperless” letter of credit) evidence of the issuer’s long-term unsecured debt rating current as of 30 days before provision of the Proposal Letter of Credit.

  • More than one Proposal Letter of Credit may be provided so long as the aggregate value of such Proposal Letters of Credit equal $10 million.

  • If the Proposer submits a Proposal Letter of Credit, the Proposer shall attach to each Proposal Letter of Credit evidence of the issuer’s long- term unsecured debt ratings from at least two of the three major rating agencies (Fitch Ratings, Moody’s Investor Service and Standard & Poors Ratings Group), current as of thirty (30) days before the Proposal Due Date.

  • All Respondents who plan on submitting a proposal in response to this RFP must provide thePort with a certified or cashier’s check from a bank, or a Proposal Letter of Credit, in the formincluded in the Proposal Forms (Attachment 9-A), payable to the Port of Oakland in the amount of One Hundred Thousand and No/100 Dollars ($100,000).


More Definitions of Proposal Letter of Credit

Proposal Letter of Credit means the letter of credit provided by the PDA Entity in accordance with Section 3.7 and in the form of Form G-2 (Form of Letter of Credit (Proposal)).
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Proposal Letter of Credit means a letter of credit to secure the obligations of a Proposer under the ITP, as more particularly described in ITP Section 4.4.2.
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Proposal Letter of Credit means the letter(s) of credit Proposers may submit toFDOT as further described in ITP Section 4.10.
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Related to Proposal Letter of Credit

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.

  • U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.

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

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

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

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

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • 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.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • 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 Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

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

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).