Trade Letters of Credit definition

Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

Trade Letters of Credit as defined in Section 2.10(a).

Trade Letters of Credit means letters of credit issued in support of trade obligations of the Borrower and its Subsidiaries incurred in the ordinary course of business.

Examples of Trade Letters of Credit in a sentence

• The Administrative Agent shall, within 10 days after the last Business Day of each calendar month, deliver to each Participant a report setting forth for such preceding calendar month the aggregate daily Stated Amount available to be drawn under all outstanding Trade Letters of Credit during such calendar month.

• There currently are outstanding certain Trade Letters of Credit issued by the LC Issuer under the Existing Letter of Credit Agreement the outstanding balance of each of which is set forth on Schedule II hereto (as such Schedule may be modified between the date hereof and the fifth Business Day after the Effective Date) (collectively, the “Existing Letters of Credit”).

• Use the issuances of Trade Letters of Credit solely for general corporate purposes of the Company and the LC Subsidiaries.

• For Trade Letters of Credit issued by an Issuing Bank (other than the Administrative Agent), such Issuing Bank will send to the Administrative Agent by facsimile transmission, promptly on the first Business Day of each week, the daily aggregate Stated Amount of Trade Letters of Credit issued by such Issuing Bank and outstanding during the preceding week.

• For Trade Letters of Credit on which the Issuing Bank is other than the Administrative Agent, the Issuing Bank will send to the Administrative Agent by facsimile transmission, promptly on the first Business Day of each week, the daily aggregate Stated Amount of Trade Letters of Credit issued by such Issuing Bank and outstanding during the preceding week.

More Definitions of Trade Letters of Credit

Trade Letters of Credit means Letters of Credit issued for the purpose of providing the principal payment mechanism for the purchase of goods through the presentation of documents to the Issuing Lender.

Trade Letters of Credit means trade letters of credit issued in support of trade obligations of Borrowers or the Subsidiaries incurred in the ordinary course of business.

Trade Letters of Credit means each documentary letter of credit ----------------------- in respect of the purchase of goods and services by the Company or any of its Subsidiaries in the ordinary course of business.

Trade Letters of Credit shall have the meaning provided in Section 2.01(a) of this Agreement.

Trade Letters of Credit means any Letters of Credit that are issued hereunder for the benefit of a supplier of inventory to any Borrower to effect payment of such inventory.

Trade Letters of Credit shall have the meaning given such term in the Credit Agreement.

Trade Letters of Credit as defined in subsection 4.1(b).