SBLC Agreement definition

SBLC Agreement means the US$200,000,000 term loan facility agreement between DBS Bank Ltd., Hong Kong Branch and the Company, dated November 21, 2012.
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SBLC Agreement means a letter of credit application and agreement under which an SBLC is applied for on or after the Agreement Date or was applied for prior to the Agreement Date.
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SBLC Agreement. SBLC SUBFACILITY" shall have the meaning set forth in Section 2.1.1 hereof.
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Examples of SBLC Agreement in a sentence

  • Prior to the issuance of any SBLC, Bank shall receive a duly executed SBLC Agreement for the SBLC in form and substance acceptable to Bank and Borrower shall fulfill all the conditions set forth in §5.1, §5.2 and §5.3 as though an Advance were being made rather than an SBLC being issued, and any failure to do so immediately upon demand shall constitute a default of a covenant or agreement hereunder.

  • The Guarantor unconditionally guarantees the punctual payment when due, whether upon maturity, by acceleration or otherwise, of all obligations (now or hereafter existing) of the Obligor under the SBLC Agreement and any other agreement or instrument relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”), whether for principal, interest, fees, expenses or otherwise, in each case strictly in accordance with the terms thereof (all such obligations being the “Obligations”).

  • Borrower shall pay to Bank, immediately upon the drawing, the amount of each and any drawing under a SBLC, together with interest (from the date of the drawing to the date of payment in full) at the higher of the rate then applicable to Advances and the rate specified in the related SBLC Agreement.

  • Each SBLC must be requested using a duly completed and executed SBLC Agreement provided by Bank and duly executed by Borrower and the applicable Project Subsidiary.

  • Each SBLC must be requested using a duly completed and executed SBLC Agreement provided by Bank.

  • The terms and conditions of such SBLC Agreement shall be supplemental to the terms and conditions hereof, except to the controlling extent of any inconsistencies, in which case the terms and conditions of such SBLC Agreement shall prevail.

  • However, notwithstanding any inconsistency with the terms of such SBLC Agreement, any SBLC drawing not reimbursed by Borrower on or before the date such reimbursement is due (unless financed pursuant to Paragraph 2.1.1.5 below) shall thereafter, at Bank's option, bear interest at the Default Rate of Interest as stipulated in the Revolving Note.

  • All SBLCs issued hereunder shall comply with the Bank's policies and procedures for issuance of SBLCs, shall be issued on such terms and conditions as are acceptable to Bank, and shall be documented on the Bank's standard form of SBLC application and reimbursement agreement ("SBLC Agreement") set forth in EXHIBIT "B" hereto.


More Definitions of SBLC Agreement

SBLC Agreement means that certain Loan Agreement, dated as of August 27, 2007, between Xxxxx College and Bank of America, as amended, restated, supplement or otherwise modified from time to time, pursuant to which the DOE Letter of Credit was issued.
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Related to SBLC Agreement

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Original LLC Agreement has the meaning set forth in the recitals to this Agreement.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • LLC Agreement means the Limited Liability Company Agreement of the Company, as amended from time to time pursuant to its terms.

  • Initial LLC Agreement has the meaning set forth in the recitals to this Agreement.

  • Company LLC Agreement means the Second Amended and Restated Limited Liability Company Agreement of the Company, dated as of May 25, 2011, as amended from time to time.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

  • Borrower LLC Agreement means the Limited Liability Company Operating Agreement of the Borrower, dated as of June 23, 2011.

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Existing Agreement has the meaning set forth in the recitals hereto.

  • Holdings LLC Agreement means the Amended and Restated Limited Liability Company Agreement of Holdings dated as of the Closing Date.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Support Agreement has the meaning set forth in the Recitals.

  • Waiver Agreement means an agreement between

  • Sponsor Agreement has the meaning specified in the Recitals hereto.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Omnibus Agreement means that certain Omnibus Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Company and certain other parties thereto, as such may be amended, supplemented or restated from time to time.

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors, officers and 5% stockholders of the Company, in the form of Exhibit C attached hereto.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Reservation agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.