Singapore Letters of Credit definition

Singapore Letters of Credit has the meaning specified in Section 2.01(b).
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Singapore Letters of Credit any standby or documentary letter of credit issued by Singapore Issuing Bank for the account of Singapore Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Singapore Issuing Bank for the benefit of Singapore Borrower.
Sample 1

Examples of Singapore Letters of Credit in a sentence

  • Letters of Credit may be denominated in (i) Dollars, C$, British Pounds Sterling, or Euros for US Letters of Credit, Canadian Letters of Credit and UK Letters of Credit, (ii) Dollars, British Pounds Sterling, Euros or Dirham for UAE Letters of Credit or (iii) Australian Dollars, Dollars, Euros or Singapore Dollars for Singapore Letters of Credit, as the Borrower Representative or any applicable Borrower may request.

  • All payments made to the Singapore Administrative Agent shall be made at its offices as set forth in the Singapore Joinder Agreement or the Issuing Bank with respect to Singapore Letters of Credit, except that payments pursuant to Section 2.15, Section 2.16, Section 2.17 and Section 9.03 shall be made directly to the Persons entitled thereto.

  • No Singapore Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Singapore Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Singapore Letters of Credit would exceed the Maximum Singapore Available Amount.

  • Issuing Bank: U.S. Issuing Bank, in the case of U.S. Letters of Credit issued in favor of U.S. Borrower, and Singapore Issuing Bank, in the case of Singapore Letters of Credit issued in favor of Singapore Borrower.

  • Singapore Borrower hereby agrees, in addition to the provisions of Section 9.1 hereof, that upon the occurrence and during the continuance of any Event of Default, it shall, if requested by any Agent or by the Majority Lenders (through any Agent), pay to Singapore Agent an amount in immediately available funds equal to the then aggregate amount available for drawings under all outstanding Singapore Letters of Credit, which funds shall be held by Singapore Agent as Cover.

  • CREDIT FACILITIES 140 2.1 Commitment 140 2.2 Australian Letters of Credit 161 2.3 Belgian Letters of Credit 165 2.4 Canadian Letters of Credit 168 2.5 Dutch Letters of Credit 171 2.6 New Zealand Letters of Credit 174 2.7 Singapore Letters of Credit 178 2.8 UK Letters of Credit 181 2.9 U.S. Letters of Credit 184 2.10 Issuance of Letters of Credit by Non-Lender Fronting Banks 187 2.11 Applicable Foreign Borrower Sublimits 187 2.12 Obligations of the non-U.S. Loan Parties 188 SECTION 3.

  • These Bylaws may not be amended at any special or emergency meeting of the Board.

  • Applicable Singapore Borrower Commitment: with respect to any Singapore Borrower, the maximum amount of Singapore Revolver Commitments under which such Singapore Borrower may borrow Singapore Revolver Loans or request the issuance of Singapore Letters of Credit, as designated by the Asian Loan Party Agent from time to time, and in an aggregate amount for all Singapore Borrowers not to exceed the total Singapore Revolver Commitments.

  • Each Singapore Lender hereby irrevocably appoints and authorizes Singapore Agent to act as its agent hereunder, under the Singapore Letters of Credit and under the other Loan Documents with such powers as are specifically delegated to Singapore Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental thereto.

Related to Singapore Letters of Credit

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.23.

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Letters of Credit as defined in Section 3.1(a).

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

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

  • 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.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

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

  • Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.