Tranche B Letters of Credit definition

Tranche B 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 B Commitment, including the letters of credit referred to in Schedule 3.10.

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

Tranche B Letters of Credit means any letters of credit issued by either Tranche B Issuing Bank pursuant to Section 2.6(a)(1), either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or supplanted.

Examples of Tranche B Letters of Credit in a sentence

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

• On April 1, 2002, the Debtors and the DIP Lenders entered into an amendment to the DIP Financing Facility (the "First Amendment") that provided for, among other things, the designation of the letters of credit associated with the Equity Bonds as "Non-Rolled Tranche B Letters of Credit," and as such, prepetition secured obligations.

• The Company shall pay to the Agent for the account of each of the Lenders a letter of credit fee with respect to the Tranche B Letters of Credit equal to the applicable margin above LIBOR then in effect under Section 2.09 for Tranche B Eurodollar Loans for each day such Tranche B Letters of Credit are outstanding, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter and based upon Tranche B Letters of Credit outstanding for that quarter as calculated by the Agent.

• With a more stringent global mitigation target, both developed and developing countries face more stringent emission reduction targets.

• 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.

More Definitions of Tranche B Letters of Credit

Tranche B Letters of Credit as defined in Section 3.1(b).

Tranche B Letters of Credit means, at any time, Letters of Credit in an amount equal to the lesser of (i) the Total Tranche B 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 B Letters of Credit or U.S. Revolving Letters of Credit in accordance with the provisions of Section 2.05(a).

Tranche B Letters of Credit means, the letters of credit issued pursuant to Section 2.05(a).

Tranche B Letters of Credit means the irrevocable standby letters of credit issued to a Beneficiary under this Agreement having an expiry date 364 days from the date of issue in the aggregate issued amount at any one time when aggregated with any other outstanding Tranche B Letters of Credit under this Agreement not to exceed a face amount of $25,000,000.00 (United States Dollars).

Tranche B Letters of Credit means any Financial Letters of Credit or Performance Letters of Credit Issued by the Issuing Lender pursuant to SECTION 5.1(B).

Tranche B Letters of Credit means letters of credit issued (or deemed issued) by Issuing Lenders pursuant to subsection 3.1A(ii).

Tranche B Letters of Credit shall have the meaning assigned such term in Annex I.