Commercial Letter of Credit. It is agreed that, in the case of a commercial Letter of Credit, such commercial Letter of Credit shall in no event provide for time drafts or bankers’ acceptances.
Commercial Letter of Credit. In Lieu of cash escrow, the Seller herewith furnishes the Escrow Agent, and said Agent acknowledges the receipt thereof, an irrevocable Letter of Credit (No. ) drawn upon the , a commercial banking institution, for the account of identified as Seller herein, which said Letter of Credit is payable to said Agent in the amount of $ and the terms of which are by reference thereto hereby incorporated herein and made a part hereof and which letter shall be drawn on by the Agent in accordance with its terms, and which said Letter of Credit shall hereinafter be referred to as the "Fund". The Escrow Agent further acknowledges that the Escrow Agent has examined the said Letter of Credit and as a result of such examination has determined that the said Letter of Credit is a valid and binding obligation of the said issuing bank in accordance with the terms of said Letter of Credit; and Escrow Agent further acknowledges the receipt of opinions of the General Counsel of the issuing bank and the General Counsel of Escrow Agent, which are attached hereto and made a part hereof, which opinions state that the Letter of Credit has been examined, that the issuance of said Letter of Credit is within the authority of the issuing bank, and that the Letter of Credit is a valid and binding obligation of the issuing bank.
(1) Escrow Agent agrees that upon completion by Seller of a part or all of the construction in accordance with the plans and specifications referred to above and upon Seller presenting to "Escrow Agent" satisfactory evidence to assure that no mechanics' liens are outstanding or can attach on account of such work and improvements, Escrow Agent shall, upon receipt of written approval of such completed work from the Loan Guaranty Officer, return said "Fund" of $ to Seller. or part thereof without interest
(2) In the event Seller fails to complete or cause to be completed the improvements specified herein, and fails to deliver to Escrow Agent the written approval of said work by the Department of Veterans Affairs, Escrow Agent shall, upon receiving written approval from the Loan Guaranty Officer, proceed to complete the said work and pay the cost thereof, including all costs and charges of Escrow Agent, from monies derived from the "Fund" deposited with it pursuant to paragraph 4B of this agreement and for this purpose Seller hereby irrevocably authorizes and empowers Escrow Agent to do and perform for it, the Seller, and in its name, place and stead, all matters and t...
Commercial Letter of Credit. To secure completion of these improvements on or before the specified completion date, the undersigned has accepted from
Commercial Letter of Credit. Each Application for negotiation, issuance, advice or confirmation of a Credit and any negotiation, issuance, advice or confirmation issued by the Bank hereunder shall be governed by the then most current version, as in effect on the date of such negotiation, issuance, advice or confirmation, as applicable of the International Chamber of Commerce Publication “Uniform Customs and Practice for Documentary Credits” (“UCP”) and, to the extent not inconsistent with the UCP, the laws of the Republic of China.
(k) 語言： 總約定書、動用申請、融資文件及與擔保有關之文件，得同時以中文及英文做成。但如中文與英文之內容不一致時，應以中文內容為準。
Commercial Letter of Credit. To secure completion of these improvements on or before the specified completion date, the undersigned has accepted from To The Federal Housing Commissioner: In consideration of your issuing a Mortgage Insurance Certificate in the above numbered case, the undersigned will see that the incomplete construction, alterations and repairs as set forth in the HUD Compliance Inspection Report or HUD Commitment for Insurance identified above are completed on or before the specified completion date. The undersigned further agrees that at the time of completion it will certify to its personal inspection and the satisfactory completion of all items. The Items To Be Completed Are: To The Federal Housing Commissioner: In consideration of your issuing a Mortgage Insurance Certificate in the above numbered case, the undersigned will see that the incomplete construction, alterations and repairs as set forth in the HUD Compliance Inspection Report or HUD Commitment for Insurance identified above are completed on or before the specified completion date. The undersigned further agrees that at the time of completion it will certify to its personal inspection and the satisfactory completion of all items. The Items To Be Completed Are:
A. Cash Escrow: To secure completion of these improvements on or before the specified completion date, the undersigned agrees to hold the sum of $
Commercial Letter of Credit. The Company shall pay to the applicable Issuing Lender for its own account from time to time on demand, with respect to Commercial Letters of Credit, such Issuing Lender's issuance, negotiation, presentation, amendment and other processing fees, and other standard costs and charges, relating to Commercial Letters of Credit, in each case as previously agreed to by such Issuing Lender and the Company.
Commercial Letter of Credit. Subject to the terms --------------------------- and conditions hereof, at any time and from time to time from the Closing Date through the Maturity Date, the Issuing Lender shall issue such Commercial Letters of Credit under the Revolving Facility as Borrower may request by a Request for Commercial Letter of Credit; -------- provided that giving effect to all such Commercial Letters of Credit, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount, (ii) the Aggregate Effective Amount under all outstanding Commercial Letters of Credit shall not exceed $15,000,000, and (iii) as to each relevant Lender, such Lender's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender's Commitment. Each Letter of Credit shall be in a form reasonably acceptable to the Issuing Lender. Unless the Issuing Lender and the Requisite Lenders otherwise consent, the term of any Standby Letter of Credit shall not exceed 365 days, and the term of any Commercial Letter of Credit shall not exceed 180 days. Unless all the Lenders otherwise consent in a writing delivered to the Administrative Agent, the term of any Letter of Credit shall not extend beyond the Maturity Date. A Request for Letter of Credit shall be irrevocable absent the consent of the Issuing Lender.
Commercial Letter of Credit of the face amount of the Letter of Credit for each 90 days the Letter of Credit is outstanding, payable upon issuance of the Letter of Credit ($50.00 minimum).
Commercial Letter of Credit. 4 --------------------------- " ............................................................Commitment 4 ---------- " ........................................................
Commercial Letter of Credit. At SBRE'c requect, BUYER chall provide an irrevocable commercial letter of credit with a bank acceptable to SBRE or confirmed, at BUYER'c expence, in the full amount of the total purchace price of each Purchace Order cubmitted by BUYER. All accociated banking chargec chall be for the BUYER'c account. The letter of credit chall be opened by BUYER in favor of SBRE. Upon confirmation, SBRE chall chip Productc to BUYER. The delivery date may be delayed by SBRE upon receipt of the caid confirmation. In cuch cace the dicpocition related to the cancellation for late delivery will be delay proportionally.
