Revenue Bond Letter of Credit definition

Revenue Bond Letter of Credit means the Letters of Credit issued for the benefit of the bondholders of the "IRBs" described on Schedule 7.1.
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Revenue Bond Letter of Credit means the standby letter of credit, dated July 1, 1998 in a face amount of $126,849,316 issued by First Union National Bank (now Wachovia) to support the obligations of the Company to the trustee under the Trust Indenture dated as of July 1, 1998 between the Company, as borrower, and First Union National Bank, as trustee, as amended, restated, supplemented or otherwise modified from time to time.
Sample 1
Revenue Bond Letter of Credit means a Letter of Credit, or any replacement thereof, issued pursuant to the terms of this Agreement for the account of Borrowers and with respect to an Underlying Letter of Credit issued for the benefit of the California Economic Development Financing Authority in the maximum aggregate face amount of $15,000,000 less amortization of the underlying obligations to and including the Closing Date.
Sample 1

Examples of Revenue Bond Letter of Credit in a sentence

  • Each Revenue Bond Letter of Credit will be issued only to support the Revenue Bonds set forth on Schedule 2.04 corresponding to such Revenue Bond Letter of Credit.

  • In addition, as of the Effective Date, each of the Existing Letters of Credit shall be deemed to be issued under this Agreement as a Revenue Bond Letter of Credit.

  • In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, any Issuing Bank relating to any Revenue Bond Letter of Credit, the terms and conditions of this Agreement shall control.

  • Upon the amendment of any Revenue Bond Letter of Credit, the applicable Issuing Bank shall provide notice and a copy thereof to the Administrative Agent, which shall promptly furnish copies thereof to the Lenders.

  • In addition, as of the Effective Date, each of the Existing Revenue Bond Letters of Credit shall be deemed to be issued under this Agreement as a Revenue Bond Letter of Credit.

  • The occurrence of any default or event of default under any of the instruments and documents executed in connection with (i) the Revenue Bond Letter of Credit, (ii) the Bridge Credit Facility or (iii) the Senior Notes.

  • Each Revenue Bond Letter of Credit shall expire not later than the close of business on the Final Maturity Date.

  • If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for the replacement of a Revenue Bond Letter of Credit.

  • The occurrence of any default or event of default under any of the instruments and documents executed in connection with (i) the Revenue Bond Letter of Credit or (ii) the Senior Notes.

  • Each Revenue Bond Letter of Credit shall expire not later than the close of business on the Final Maturity Date (and, upon the satisfaction of the conditions set forth in Section 4.02(c), each Revenue Bond Letter of Credit shall be promptly amended by the applicable Issuing Bank to extend the stated expiration date thereof to August 11, 2011 (or such earlier date as may be requested by the Borrower)).

Related to Revenue Bond Letter of Credit

  • 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.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

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

  • 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.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

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

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

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

  • Existing Letter of Credit means a letter of credit issued and outstanding under the Existing Credit Agreement and listed on Schedule 2.06 hereto.

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

  • Eligible Letter of Credit means, as of any date of determination thereof, a Commercial Letter of Credit which supports the purchase of Inventory, (a) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued; (b) which Inventory otherwise would constitute Eligible Inventory when purchased, (c) which Commercial Letter of Credit has an expiry within sixty (60) days of the date of initial issuance of such Commercial Letter of Credit, (d) which Commercial Letter of Credit provides that it may be drawn only after the Inventory is completed and after a document of title reasonably acceptable to the Agent has been issued for such Inventory reflecting a Borrower or the Agent as consignee of such Inventory, and (e) which will constitute Eligible In-Transit Inventory upon satisfaction of the requirements of clause (d) hereof.

  • Revolving Letter of Credit means any letter of credit issued pursuant to Section 2.05.

  • 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.

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

  • 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.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

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

  • 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.

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

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

  • 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.

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

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • 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.