Examples of Letter from Borrowing Use within a sentence

Related Significance

Page from Credit limit
Page of Credit Studio
Rotating Letter away from Credit
Letter from Borrowing Supply Months
Letter of Borrowing Connection
Page from Borrowing from the bank Lender
Letter regarding Borrowing from the bank Liability
Fronted Page regarding Borrowing
Page out-of Credit Debts

But while in the people months in the event that Indenture Trustee are licensed and directed to achieve this within the Indenture (we.e. before the termination of Indenture), new Investing Broker should generate withdrawals towards Certificateholder regarding the Range Account pursuant to Section 5.02 and you will shall report the brand new degrees of particularly withdrawals into Holder Trustee.

Susceptible to all of the terms and conditions hereof, this new A great Revolving Union is availed out of regarding setting regarding Emails away from Credit, provided that this new aggregate outstanding number of Page away from Credit Utilization from the Individuals hereunder will for the no enjoy exceed this new decreased from (aa) the fresh bare amount of the new A great Revolving Relationship otherwise (bb) $1,000,100.

For all purposes of so it Contract, where a determination of vacant otherwise readily available amount of the A great Revolving Commitment needs, this new Revolving Fund and the Page of Credit Usage would be considered to use the latest A Revolving Relationship.

Susceptible to every terms and conditions hereof, new Partnership tends to be availed off in the way of Characters out of Borrowing, provided that the latest aggregate a great number of Page out-of Borrowing Usage from the Consumers hereunder will for the zero feel go beyond the lesser off (aa) the bare amount of the newest Responsibilities otherwise (bb) $fifteen,000,100.

Subject to every conditions and terms hereof, the fresh Union tends to be availed regarding in the way of Emails of Borrowing, provided the brand new aggregate an excellent quantity of Letter off Borrowing Use by the Consumers hereunder should in the zero enjoy go beyond the latest decreased out of (aa) the bare number of the newest Requirements or (bb) $5,000,100.

After offering impact into Financing otherwise Letter regarding Borrowing from the bank, this new aggregate dominating level of all the Finance and you may Page away from Borrowing from the bank Use the hereunder will maybe not meet or exceed the fresh new Commitment.

To have purposes of that it Part cuatro.Good, Letter from Credit Usage shall www.cashlandloans.net/title-loans-ca/ compose a the means to access the brand new Commitment having reason for measuring the newest union payment payable hereunder.

At the mercy of most of the fine print hereof, brand new Union is availed out-of in the way of Letters out of Borrowing, provided new aggregate a good amount of Letter away from Borrowing Utilization by the Consumers hereunder will for the zero event exceed the newest decreased off (aa) the fresh unused amount of the newest Obligations or (bb) $ten,100,000.

About Page from Credit Use

Letter of Credit Facility setting, any moment, a price equivalent to minimum of out of (a) the latest aggregate level of the fresh Issuing Banks’ Letter out of Credit Commitments on like big date, (b) $two hundred,one hundred thousand,000 and you may (c) the newest aggregate quantity of new Rotating Borrowing Requirements, therefore count can be quicker from the or prior to instance day pursuant so you’re able to Section 2.05.

Letter regarding Borrowing from the bank Supply Months that point of and you can such as the Closure Date to help you but excluding the brand new Letter away from Borrowing from the bank Readiness Go out.

Page of Borrowing from the bank Connection function, regarding people Providing Lender any moment, the total amount set forth contrary like Issuing Bank’s title toward Schedule We hereto within the caption “Letter out-of Credit Partnership” otherwise, when the such as for instance Providing Bank keeps joined with the a minumum of one Task and Acceptances, set forth to have like Giving Lender in the Register handled because of the this new Management Broker pursuant to Area 9.07(d) as a result Providing Bank’s “Page away from Borrowing Commitment”, as such count may be less on or ahead of instance day pursuant so you can Area dos.05.