Tranche A Letters of Credit definition

Tranche A Letters of Credit letters of credit issued by the Issuing Lender pursuant to this Agreement, to the extent such Letters of Credit are deemed, pursuant to the provisions of this Agreement, to be a use of the Tranche A Commitment, including the letters of credit referred to in Schedule 3.10.

Tranche A Letters of Credit means, at any time, Letters of Credit in an amount equal to the lesser of (i) the Total Tranche A Credit-Linked Deposit and (ii) the aggregate amount of outstanding Letters of Credit at such time. Letters of Credit will from time to time be deemed to be Tranche A Letters of Credit or Revolving Letters of Credit in accordance with the provisions of Section 2.05(a).

Tranche A Letters of Credit as defined in Section 3.1(a).

Examples of Tranche A Letters of Credit in a sentence

• Each of the Existing Letters of Credit outstanding under the Existing Credit Agreement on the Closing Date immediately prior to the effectiveness of this Agreement shall be deemed to be issued by the Issuing Bank thereof as Tranche A Letters of Credit under this Agreement on the Closing Date.

• The sum of the Dollar Equivalent of the Tranche A Maximum Drawing Amount plus the Dollar Equivalent of the total Unpaid Reimbursement Obligation with respect to Tranche A Letters of Credit on such date after giving effect to any Credit Extensions pursuant to §2.1.1 and repayment of Reimbursement Obligations with respect to Tranche A Letters of Credit on such date.

• The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Tranche A Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Tranche A Letters of Credit.

• On the Effective Date such letters of credit, to the extent outstanding, shall be deemed, automatically and without further action by the parties thereto, to be Tranche A Letters of Credit or Tranche B Letters of Credit, as shown on such Schedule, issued pursuant to this Article III for the account of Kimco and subject to the provisions hereof as if such letters of credit had been issued on the Effective Date.

• The Tranche A Letters of Credit and the Tranche B Letters of Credit.

More Definitions of Tranche A Letters of Credit

Tranche A Letters of Credit has the meaning given to such term in Section 2.1(a).

Tranche A Letters of Credit shall have the meaning set forth in Section 2.03(a).

Tranche A Letters of Credit means any letters of credit issued by the Tranche A Issuing Bank pursuant to Section 2.6(a)(2), either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or supplanted.

Tranche A Letters of Credit means the letters of credit issued pursuant to Section 2.01(b) and all reimbursement obligations pertaining to any such letters of credit, and "Tranche A Letter of Credit" shall mean any one of the Tranche A Letters of Credit and the reimbursement obligations pertaining thereto.

Tranche A Letters of Credit means, at any time, the Letters of Credit issued hereunder which are not Tranche B Letters of Credit.

Tranche A Letters of Credit means letters of credit issued under the Tranche A Facility.

Tranche A Letters of Credit means letters of credit issued or to be issued by Issuing Lenders for the account of any Borrower pursuant to subsection 3.1A(i).