Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).
Standby Letters of Credit means those letters of credit subject to the ISP or UCP issued or caused to be issued by Lender for Borrower’s account that can be drawn upon by a Buyer only if Borrower fails to perform all of its obligations with respect to an Export Order.
Standby Letters of Credit means any of the irrevocable standby letters of credit issued pursuant to this Agreement, in form acceptable to the Facing Agent issuing such standby letters of credit, together with any increases or decreases in the Stated Amount thereof and any renewals, amendments and/or extensions thereof.
Examples of Standby Letters of Credit in a sentence
The Standby Letters of Credit shall be used by the Borrowers for general corporate purposes.
More Definitions of Standby Letters of Credit
Standby Letters of Credit means all Letters of Credit issued in connection with this Agreement as a credit enhancement for certain Indebtedness (other than Indebtedness for Money Borrowed) of Borrowers.
Standby Letters of Credit means any of the irrevocable standby letters of credit issued pursuant to this Agreement, in form acceptable to the Facing Agent, together with any increases or decreases in the Stated Amount thereof and any renewals, amendments and/or extensions thereof.
Standby Letters of Credit as defined in Section 2.10(a).
Standby Letters of Credit as defined in subsection 3.1(i).
Standby Letters of Credit means the standby letters of credit (not Merchandise Letters of Credit) issued by Bank pursuant to this Agreement.
Standby Letters of Credit means all Letters of Credit other than Commercial Letters of Credit.
Standby Letters of Credit means a letter or letters of credit issued by L/C Issuer pursuant to Section 2.09 of the Credit Agreement for the purpose of securing payment or performance of a financial obligation of Borrowers, or any of them, other than in connection with the payment for goods or equipment.