Third Party Letter of Credit definition

Third Party Letter of Credit means a standby letter of credit issued, or to be issued, for the account of any Restricted Party by a Third Party LC Issuer pursuant to Third Party LC Documents.
Sample 1Sample 2Sample 3
Third Party Letter of Credit means a Letter of Credit other than an Intercompany Letter of Credit.
Sample 1Sample 2Sample 3
Third Party Letter of Credit means letters of credit issued for the account of Holdings or any of its Subsidiaries (in support of obligations permitted by this Agreement) by BNP Paribas and with respect to which an Approved Third Party Credit Provider is subject to a reimbursement or similar obligation and/or has pledged cash or Cash Equivalents in support thereof.”
Sample 1

Examples of Third Party Letter of Credit in a sentence

  • Following each payment by the LC Issuing Bank of the Third Party LC Margin associated with any Third Party Letter of Credit, the LC Issuing Bank shall promptly provide the Borrower with reasonable written evidence thereof.

  • In reality, each Third Party Letter of Credit Agreement addressed only: (i) Bronwen’s agreement to provide the Letters of Credit; (ii) SAG, Inc.’s agreement to share liability for the Letters of Credit; and (iii) SAG, Inc.’s transfer of its rights and obligations under the contracts.

  • The Facebook and Twitter accounts, particularly, are updated daily to keep news from the university in front of these audiences on a continuous basis. Through use of a nationally-reputable news services, Vocus, several UNA news stories have gained at least modest national exposure through the Associated Press, USA Today, and other national media.

  • Soup Kitchens and Regularly Scheduled Mobile Food VansIncludes soup kitchens that offer meals organized as food service lines, bagged or box lunches for people experiencing homelessness, and street locations where mobile food vans regularly stop to provide food to people experiencing homelessness.

  • Those Third Party Letter of Credit Agreements, SMIL claims, made Bronwen an agent for SAG, Inc.SAG, Inc.


More Definitions of Third Party Letter of Credit

Third Party Letter of Credit shall have the meaning specified in Section 2.7.7.
Sample 1
Third Party Letter of Credit means an Ultimate Letter of Credit issued by a Third Party LC Issuing Bank. “Total Commitments” means the aggregate of the Commitments of the Lenders.
Sample 1
Third Party Letter of Credit means an Ultimate Letter of Credit issued by a Third Party LC Issuing Bank.
Sample 1

Related to Third Party Letter of Credit

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

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

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Existing Letter of Credit means a “Letter of Credit” issued pursuant to the terms of, and as defined in, the Existing Credit Agreement and outstanding on the Closing Date and described on Schedule 1.01(B).

  • U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.

  • 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.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

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

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.

  • Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by any Group Member in the ordinary course of its business.

  • 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.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Underlying Letter of Credit means a letter of credit that has been issued by an Underlying Issuer.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

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

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

  • 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.

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

  • 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.