Warranty Letter of Credit means a Standby Letter of Credit which is issued or caused to be issued by Lender to support the obligations of Borrower with respect to a Warranty or a Standby Letter of Credit which by its terms becomes a Warranty Letter of Credit.
Warranty Letter of Credit shall have the meaning set forth in the Borrower Agreement.
Warranty Letter of Credit means a Standby Letter of Credit which is issued or cased to be issued by the Bank to support the obligations of Borrower with respect to a Warranty or a Standby Letter of Credit which by its terms becomes a Warranty Letter of Credit.
Examples of Warranty Letter of Credit in a sentence
The Warranty Letter of Credit shall be in the amount equal to [REDACTED] ($[REDACTED]) (the “Required Amount”).
The Warranty Letter of Credit shall be in the amount equal to [REDACTED] dollars ($[REDACTED]) (the “Required Amount”).
The Warranty Letter of Credit shall be in the amount equal to [REDACTED].
Project Co acknowledges that it is a condition to the payment of the Substantial Completion Payment that Project Co delivers to HMQ the Warranty Letter of Credit prior to the Substantial Completion Payment Date.
More Definitions of Warranty Letter of Credit
Warranty Letter of Credit means a Standby Letter of Credit which is issued or caused to be issued by Lender to support the
Warranty Letter of Credit has the meaning given in Section 11.18(a) of the Project Agreement.
Warranty Letter of Credit means a Standby Letter of Credit which is issued by the Bank to secure the obligations of ASI to guarantee to the Account Debtor that goods or services will function as intended for a specified period.
Warranty Letter of Credit means standby letter of credit which is issued or caused to be issued by Bank to support the obligations of Borrower with respect to a Warranty or a standby letter of credit which by its terms becomes a Warranty Letter of Credit, which Warranty Letter of Credit shall be secured by cash collateral in an amount not less than such Letter of Credit Obligation. Any and all terms used in the foregoing definitions and elsewhere in this Agreement shall be construed and defined in accordance with the meaning and definition of such terms under and pursuant to the California Uniform Commercial Code (hereinafter referred to as the “Uniform Commercial Code”) as amended, revised or replaced from time to time. Notwithstanding the foregoing, the parties intend that the terms used herein which are defined in the Uniform Commercial Code have, at all times, the broadest and most inclusive meanings possible. Accordingly, if the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more broadly or inclusively than the Uniform Commercial Code in effect on the date of this Agreement, then such term, as used herein, shall be given such broadened meaning. If the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more narrowly, or less inclusively, than the Uniform Commercial Code in effect on the date of this Agreement, such amendment or holding shall be disregarded in defining terms used in this Agreement.
Warranty Letter of Credit shall be defined as defined in the Note Purchase Agreement. 1.44 "Warranty Letter of Credit Bank" shall be defined as defined in the Note Purchase Agreement. ARTICLE II.
Warranty Letter of Credit means a Letter of Credit that may only be drawn upon to satisfy contractual warranty claims of beneficiaries against the Borrower and its Subsidiaries.
Warranty Letter of Credit means any Standby Letter of Credit which is issued or caused to be issued by Lender to support the obligations of Borrower with respect to a Warranty, provided the maximum term for such Standby Letter of Credit shall not exceed thirteen (13) calendar months from the date of export of the underlying goods.