Term Loan Letter of Credit definition

Term Loan Letter of Credit means, that certain Standby Letter of Credit No. NLNTCFSBI0001799 issued by ING Bank N.V., on behalf of the Investcorp Bank.
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Term Loan Letter of Credit means the standby letter of credit issued by LaSalle for the benefit of, and the original of which has been delivered to, the Administrative Agent, for the benefit of the Credit Parties, which is acceptable in all respects to the Administrative Agent and which provides, without limitation, the following:
Sample 1
Term Loan Letter of Credit means the irrevocable standby letter of credit number TPTS-645436 issued by JPMorgan on July 11, 2008 and amended on August 22, 2011, in the amount of $21,479,533.00.
Sample 1

Examples of Term Loan Letter of Credit in a sentence

  • All amounts borrowed by the Borrower pursuant to this Section 2.2(a) and all amounts drawn under any Term Loan Letter of Credit and not repaid may be referred to hereinafter collectively as the "Term Loans".

  • No authorization or approval or other action by, and no notice to or filing with, any governmental authority or other regulatory body is required in connection with the due execution, delivery and performance by the Borrower of this Amendment, the Senior Term Loan Agreement or the Term Loan Letter of Credit Reimbursement Agreement, or for the performance of the Credit Agreement and the other Loan Documents, as amended hereby.

  • Section 15.1(c)(i)(A) of the Credit Agreement is hereby amended by adding “under the Senior Term Loan Agreement and under the Term Loan Letter of Credit Reimbursement Agreement," after “Senior Loan Documents,”.

  • Any amounts paid by the Issuing Bank on any Letter of Credit shall be deemed to be a Revolving Loan (in the case of a Revolving Loan Letter of Credit) or a Term Loan (in the case of a Term Loan Letter of Credit) for all purposes of this Agreement and shall bear interest from the date of payment by the Issuing Bank at the rates provided in Section 3.1 until paid in full.

  • The Australian Term Loan Letter of Credit shall (a) be for the purpose of providing credit support for the Australian Term Loan Facility, (b) be in favor of the Australian Term Loan Facing Bank, (c) be denominated in Australian Dollars; and (d) have an expiration date no later than six years after its date of issuance.

  • No law or regulation shall prohibit, and no order, judgment or decree of any court, arbitrator or governmental authority shall enjoin or restrain, any Bank from making the requested Advance, Term Loan, Letter of Credit or Acceptance.

  • On the Closing Date the ------------------------------------- Australian LC Issuing Bank will issue to the Australian Term Loan Facing Bank for the account of the Borrower an A$ denominated letter of credit with an initial Letter of Credit Undrawn Availability equal to the Australian Dollar Equivalent of $40,000,000, substantially in the Form of Exhibit I-1 hereto (the "Australian Term Loan Letter of Credit").

  • Subject to and in accordance with the conditions ----------------- contained in Annex G, (a) Borrower shall have the right to request, and ------- Revolving Lenders agree to incur, or purchase participations in, Revolving Loan Letter of Credit Obligations in respect of Borrower, and (b) Borrower shall have the right of request, and Term Lenders with a Term Loan A Commitment agree to incur, or purchase participations in, Term Loan Letter of Credit Obligations in respect of Borrower.

  • If for any reason the Term Loan Letter of Credit shall expire, any draw thereunder shall not be honored or the amount available to be drawn thereunder shall be less than the then outstanding amount of the Loans.

  • No Term Loan, Letter of Credit, use of proceeds, Transaction, or other transaction contemplated by this Agreement or the other Loan Documents will violate Anti-Corruption Laws or applicable Sanctions.


More Definitions of Term Loan Letter of Credit

Term Loan Letter of Credit means each commercial or standby letter of credit issued, to be issued or deemed to have been issued by the Issuing Bank pursuant to Section 2.4(b) of this Agreement and in form and substance acceptable to the Issuing Bank and the Administrative Agent.
Sample 1

Related to Term Loan 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.

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

  • Letter of Credit Commitment means, with respect to the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

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

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