Substitution Letter definition

Substitution Letter has the meaning specified in Section 2.17(c).
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Substitution Letter a letter dated on or about the date of this agreement from Lloyd’s to the Account Party in the form agreed between the Facility Agent and the Account Party;
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Substitution Letter means a document substantially in the form set out in Schedule 6 (Form of Substitution Letter).
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Examples of Substitution Letter in a sentence

  • The Company and the Guarantor hereby agree that this Substitution Letter shall be governed by, and construed in accordance with, the law of the State of New York.

  • The Company and the Guarantor hereby submit to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York state court sitting in New Form of Substitution Letter York City for the purposes of all legal proceedings arising out of or relating to this Substitution Letter or the transactions contemplated hereby.

  • The Company and the Guarantor hereby submit to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York state court sitting in New Form of Substitution Letter --------------------------- NY3:#7330584v6 York City for the purposes of all legal proceedings arising out of or relating to this Substitution Letter or the transactions contemplated hereby.

  • Max Capital agrees that it will (as from the date of the Substitution Letter) immediately become the guarantor of the obligations of Imagine under this Agreement subject to and in accordance with Clause 17.

  • By virtue of this Substitution Letter Max Capital is released entirely from all obligations to the Banks under the Agreement in its capacity as Account Party and Imagine agrees that it will (as from the date of this Letter) immediately assume (in place of Max Capital) all of the obligations as Account Party and Applicant under the Agreement as if it were named as Account Party and Applicant when the Agreement was executed.

  • It is expressly acknowledged and agreed that the return of any Letter of Credit by Seller shall be good and sufficient consideration for the execution and deliver of any Substitution Guaranty or Substitution Letter of Credit.

  • Pursuant to the Aircraft Model Substitution Letter Agreement 2497-2 of the Purchase Agreement, as amended (Substitute Aircraft Letter Agreement), Customer may substitute the purchase of Boeing Model 737-900ER aircraft in lieu of 737-890 Aircraft.

  • Terms defined in the Agreement have the same meaning in this Substitution Letter unless given a different meaning.

  • Provided that if at the ▇▇▇▇ ▇▇▇▇▇▇ received the Substitution Request and the required Substitution Guaranty or Substitution Letter of Credit, (i) Purchaser has not breached any of the Purchaser’s obligations or liabilities under Paragraph 18a.

  • In the event of substitution of an Aircraft by the Customer pursuant to the Aircraft Model Substitution Letter Agreement to the Purchase Agreement, Boeing agrees to provide Customer with [***] concurrent with the [***] and subject to Customer’s adherence to the Limitations on Use.


More Definitions of Substitution Letter

Substitution Letter means the letter addressed to the Agent dated 5 December 2008 under which Max UK was substituted for Max Capital as Account Party and Applicant;
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Substitution Letter means a letter addressed to the Agent in the form of Schedule 9 for the substitution of Imagine for Max Capital as Account Party and Applicant;
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Related to Substitution Letter

  • Substitution Agreement shall have the meaning set forth in Section 3.13.1 of this Agreement.

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.

  • Designation Letter means, with respect to any Designated Subsidiary, a letter in the form of Exhibit E hereto signed by such Designated Subsidiary and the Company.

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • Implementation Letter means the letter of even date herewith, from the Borrower to the Bank, containing the performance indicators for Project monitoring and evaluation;