Sentences with phrase «letter of credit facility»

The 2014 Recapitalization Agreement would also provide for the issuance of a new note with a principal amount of $ 50.0 million and a $ 100.0 million letter of credit facility.

GUELPH, Ontario, Canada, November 15, 2017 — Recurrent Energy, LLC («Recurrent Energy»), a wholly owned subsidiary of Canadian Solar Inc. («Canadian Solar» or the «Company»)(NASDAQ: CSIQ), today announced it has closed on a combined construction loan and construction letter of credit facility for the 20 MWac / 28 MWp Gaskell West 1 solar power project.

KeyBank N.A. provided the construction loan and construction letter of credit facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal.

ABN AMRO and Bank of America Merrill Lynch on US$ 5bn letter of credit facilities for a Dutch insurance company

Not exact matches

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of cCredit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of creditcredit.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of cCredit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of creditcredit.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment aCredit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment aCredit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.

The Revolving Credit Facility permits the issuance of letters of credit upon our request of up to $ 10.0 miCredit Facility permits the issuance of letters of credit upon our request of up to $ 10.0 micredit upon our request of up to $ 10.0 million.

We anticipate that the New Credit Facility will permit the issuance of letters of credit upon our request of up to $ 10.0 miCredit Facility will permit the issuance of letters of credit upon our request of up to $ 10.0 micredit upon our request of up to $ 10.0 million.

As of March 22, 2013, the company had $ 194 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had $ 89 million of vacation ownership notes receivable eligible for securitization.

Variable Rate Demand Note Inventory and Remarketing PNC has a portfolio which approaches $ 8 billion and includes issues enhanced by letters of credit from investment grade commercial banks and insurance companies with bank liquidity facilities.

As of June 20, 2014, the company had $ 197 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had approximately $ 170 million of gross vacation ownership notes receivable eligible for securitization.

The company had $ 195 million in available capacity under its revolving credit facility after taking into account letters of credit.

The letter addressed to the Managing Director of the ADB with the heading, RE: APPROVAL OF CREDIT FACILITIES — MACDAN SHIPPING COMPANY LTD states in paragraph 2 that: «Approval is hereby granted you to disburse a credit facility in the sum of GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Company Ltdof the ADB with the heading, RE: APPROVAL OF CREDIT FACILITIES — MACDAN SHIPPING COMPANY LTD states in paragraph 2 that: «Approval is hereby granted you to disburse a credit facility in the sum of GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Company LtdOF CREDIT FACILITIES — MACDAN SHIPPING COMPANY LTD states in paragraph 2 that: «Approval is hereby granted you to disburse a credit facility in the sum of GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping CompanyCREDIT FACILITIES — MACDAN SHIPPING COMPANY LTD states in paragraph 2 that: «Approval is hereby granted you to disburse a credit facility in the sum of GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Companycredit facility in the sum of GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Company Ltdof GH 10,459,500.00 (Ten Million, Four Hundred and Fifty - Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Company Ltd..

Mr. Idrissu, during the press conference, made reference to a letter that indicated that a credit facility of GHc10, 459,500 was earmarked for McDan on the authority of the Finance Ministry.

In the case of a VRDO, the backing is normally from a bank, which can come in various forms: a letter of credit, a stand - by purchase agreement, or just a liquidity facility.

The alternative lender announced on Wednesday it has a letter of commitment from two unnamed Schedule 1 Canadian banks for a two - year $ 500 - million credit facility.

As of March 31, 2015, our senior secured credit facilities consisted of $ 390.1 million of outstanding term loans maturing on August 8, 2019 and an undrawn $ 40.0 million revolving credit facility (which includes borrowing capacity available for letters of credit and for short - term borrowings) maturing on August 8, 2017.

-- Direct loans, letters of credit and loan guarantees by the Administration shall not exceed an amount equal to 80 percent of the project cost of the facility that is the subject of the loan, letter of credit or loan guarantee, as estimated at the time at which the loan, letter of credit or loan guarantee is issued.

The facility is a letter credit facility innovatively structured to leverage the unique benefits of Ontario's green energy program.

Representations of borrowers and lenders in financing matters, including asset based credit facilities, multinational lending arrangements, letters of credit and aspects of publicly held debt securities.

We advise on various types of trade finance facilities, including factoring, purchase order financing, pre-export and post-shipment commodity financing, counter trade and letters of credit.

Eric's experience includes commercial loan portfolio financings, collateralized loan obligation (CLO) transactions, loan warehouse facilities, insurance linked securities, commodity financing arrangements, letters of credit and general corporate finance transactions.

The loan facility and letters of credit were extended «on an arms - length basis and reflect the best terms available to the company,» he said.

Transactions just since Christmas include an additional $ 500 million loan facility (Jan. 4), two letters of credit worth as much as another half - billion (Dec. 29), an agreement to sell Craftsman tools for a total of $ 900 million (Jan. 5) and the announcement of 150 more store closings (same day).