Term Letter of Credit definition

Term Letter of Credit means each letter of credit issued pursuant to Section 3.1(b)(i).
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Term Letter of Credit means (a) any Existing Letter of Credit designated on Schedule 1.01A as a “Term Letter of Credit” and (b) any irrevocable letter of credit issued pursuant to Section 2.05(b)(ii), which letter of credit shall be (i) a standby or import documentary letter of credit, (ii) denominated in Dollars and (iii) otherwise in such form as may be reasonably approved from time to time by the Administrative Agent and the applicable Fronting Bank.
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Term Letter of Credit or “Term L/Cs”: each letter of credit issued pursuant to Section 3.1(a)(ii) (including Existing Letters of Credit deemed issued as Term Letters of Credit pursuant to Section 3.1(a)(ii)).
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Examples of Term Letter of Credit in a sentence

  • Each notice shall be executed by the Borrower, shall specify whether such letter of credit is to be a Revolving Letter of Credit or Term Letter of Credit and shall be in the form of Exhibit G, or such other form (including by electronic or fax transmission) as agreed between the Borrower, the Administrative Agent and the applicable L/C Issuer (each a “Letter of Credit Request”).


More Definitions of Term Letter of Credit

Term Letter of Credit shall have the meaning set forth in Section 2.1.2(b).
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Term Letter of Credit. Any Term T06 Letter of Credit or any Term T04 Letter of Credit (collectively referred to as the “Term Letters of Credit”).
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Term Letter of Credit means a letter of credit issued under this Agreement by any L/C Issuer (or its designee) or a Person approved by the Administrative Agent; provided, that the aggregate face amount of all Term Letters of Credit shall not exceed the Maximum Term Letter of Credit Amount.
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Term Letter of Credit means any letter of credit used which is payable on a deferred payment basis or at a fixed and determinable future date.
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Term Letter of Credit. An irrevocable letter of credit issued under Term Loan T06 pursuant to this Agreement for the account of Borrower.
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Related to Term Letter of Credit

  • 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.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

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

  • Existing Letter of Credit means each Letter of Credit previously issued for the account of the Borrower that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01(a).

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

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

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • 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.