Qualified Letter of Credit definition

Qualified Letter of Credit means any irrevocable letter of credit issued by a

Qualified Letter of Credit means a letter of credit delivered or to be delivered to the Indenture Trustee in lieu of a deposit of cash or Eligible Investments in the Reserve Account for such Class or Series, which letter of credit shall

Qualified Letter of Credit means any letter of credit issued by a financial institution

Examples of Qualified Letter of Credit in a sentence

• Such draw shall be made at such times and under such conditions as the agreement for such Qualified Letter of Credit or such Qualified Insurance shall provide.

• Such Qualified Letter of Credit or Qualified Insurance shall not be cancellable on less than one year’s notice.

• Such Qualified Letter of Credit or Qualified Insurance shall not be cancelable on less than five years notice.

• Reimbursement may be made to the issuer of any Qualified Letter of Credit or Qualified Insurance in accordance with the reimbursement agreement related thereto, and after making necessary provision for the payments required to be made in paragraphs First and Second of Section 2(a) of the Master Resolution.

• The Board places great emphasis on transparency and trustful cooperation between parties and stakeholders involved in Telenor Group: the owners,the Corporate Assembly, the Board and Group Executive Management, partners, employees, customers, suppliers, creditors, public authorities and society in general.

More Definitions of Qualified Letter of Credit

Qualified Letter of Credit means any irrevocable letter of credit issued by a bank for the account of the Borough and for the benefit of the owners of Parity Bonds, provided that such bank maintains an office, agency or branch in the United States, and provided further, that, as of the time of issuance of such letter of credit, such bank is rated, at the time such letter of credit is issued, in one of the two highest rating categories (without regard to gradations) by Moody’s Investors Service, Standard & Poor’s Ratings Service, and any other nationally recognized rating agency.

Qualified Letter of Credit means a letter of credit in favor of Xxxxx:

Qualified Letter of Credit means a standby letter of credit (a) issued by a bank that has a long-term unsecured credit rating of “A” or better and that is satisfactory to the Administrative Agent, (b) in the amount of the Operating Property Value Shortfall, (c) having an expiry date not earlier than one year after the date on which it is delivered and (d) providing that the same may be drawn upon presentation of a sight draft by the Administrative Agent at a location satisfactory to the Administrative Agent.

Qualified Letter of Credit means a clean, irrevocable letter of credit acceptable to the Company in its sole discretion, acting reasonably.

Qualified Letter of Credit means an irrevocable, unconditional, freely transferable, clean sight draft evergreen letter of credit in favor of Lender, with respect to which Borrower has no reimbursement obligation, entitling Lender to draw thereon in New York, New York, issued by a domestic Eligible Institution or the U.S. agency or branch of a foreign Eligible Institution and accompanied by an instrument reasonably acceptable to Lender whereby the applicant/obligor under such letter of credit shall have waived all rights of subrogation against Borrower thereunder.

Qualified Letter of Credit. A clean, unconditional and irrevocable letter of credit issued by a domestic bank or the U.S. agency or branch of a foreign bank with a long-term unsecured debt rating of at least “A-” by S&P, and otherwise meeting S&P’s published criteria found in Section 1 of S&P’s “publication entitled “U.S. CMBS Legal and Structured Finance Criteria,” dated as of May 1, 2003, at least “A3” by Moody’s and at least “A-” by Fitch.

Qualified Letter of Credit means an irrevocable, standby letter of credit issued, at the request of Applicant, by an Acceptable Bank in favor of the Beneficiary, substantially in form of Exhibit D attached to the Master Letter Agreement, or otherwise in form and substance reasonably satisfactory to the Lessor and the Majority in Interest of the Certificateholders and satisfying all of the following criteria: