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

  • 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.

  • 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.

  • It is averred that the Corporate Debtor had availed various credit facilities such as Cash Credits, Working Capital Term Loan, Letter of Credit, Letter of Guarantee and funded interest term loan under different loan documents.

  • 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.

  • 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 Assignee further acknowledges that the Assignor has made no assurances that the Assignor will not transfer all or any part of its remaining outstanding Revolving Credit Loans, Term Loan, Letter of Credit Obligations, Term Loan Commitment or Revolving Credit Commitment under the Loan Agreement, except that the Assignor shall be required to comply with the provisions of Section 11.02 of the Loan Agreement.

  • 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.

  • Section 13.1 (f) of the Credit Agreement is hereby amended by adding “under the Senior Term Loan Agreement, under the Term Loan Letter of Credit Reimbursement Agreement," after “Senior Loan Documents".

  • Reference is hereby made to Annex G ------- for a description of the limits on the Term Loan Letter of Credit Obligations.

  • 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").


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.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

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

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • 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.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • 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.

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

  • Existing Letter of Credit means each letter of credit issued prior to the Effective Date by a Person that shall be an Issuing Bank and listed on Schedule 2.06.

  • 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.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

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

  • Letter of Credit Limit means $5,000,000.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

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

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

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

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.