Documentary Credit Sample Clauses

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Documentary Credit. ISSUANCE FEE Each Borrower shall pay to the Facility Agent on the Utilisation Date in respect of each Documentary Credit issued at its request an administration and issuance fee of L1000.
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Documentary Credit. The Revolving Credit Facility may also be utilised by way of issue of Documentary Credits.
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Documentary Credit a) Loading, shipment, transportation and customs operations b) Installation of goods to location in Directorate of Erzincan Chicken Combined Plant where will be indicated by Administration , c) In the event that purchase subject machines and equipments are brought to site(workplace) or location which is determined by administration and their physical properties are proper with specifications; an acquisition payment with 50 % amount of unit prices of machines and equipments which are mentioned in tender letter will be made based o upon report which will be issued by administration. Remaining payments will be realized after nationalization and inspection an acceptance works which will be performed after two weeks trial production, staff training and those payments will be realized within 10 (ten) days after those operations. 12.3.1. Payments will be made by General Directorate of Meat and Milk Board by means of letter of credit which is 100 %irrevocable, unconfirmed (in the event that letter of credit is requested to be opened with confirmed manner, all kind of expenses which will arose from confirmation operation will be et by contractor company), divisible, and /or transferrable or which allows partial shipment. Complete Presentation of documents (acceptance certificate, certificate of origin) for goods which are subject to delivery ) to bank of letter of credit will be requested in payments.
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Related to Documentary Credit

  • Uniform Customs and Practice The Uniform Customs and Practice for Documentary Credits as published by the International Chamber of Commerce most recently at the time of issuance of any Letter of Credit shall (unless otherwise expressly provided in the Letters of Credit) apply to the Letters of Credit.

  • Supplementary Card a card which is issued by the Bank to the client and/or other person nominated by the client and which is linked to the existing card account of the client;

  • Letter of Credit Procedures 16 2.3.1 Issuance Procedures......................................16 2.3.2 Participations in Letters of Credit......................17 2.3.3 Reimbursement Obligations................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................18 2.3.6 Repayment of Participations..............................18 2.4

  • Uniform Customs and Practices The Issuing Lender may have the Letters of Credit be subject to The Uniform Customs and Practice for Documentary Credits, as published as of the date of issue by the International Chamber of Commerce (the "UCP"), in which case the UCP may be incorporated therein and deemed in all respects to be a part thereof.

  • Letter of Credit If, at any time following the Telaprevir Approval, Tenant has an unrestricted cash, cash equivalent and marketable securities balance of [***], as determined in accordance with generally accepted accounting principles, consistently applied (the “Financial Standard”) then Tenant shall provide to Landlord as security for the performance of the obligations of Tenant hereunder a letter of credit in the amount specified in Section 1.13 in accordance with this Section (as renewed, replaced, and/or reduced pursuant to this Section, the “Letter of Credit” ). The Letter of Credit shall be in the form attached as Exhibit 17.01 to this Lease or such other form as Landlord may reasonably approve. If there is more than one Letter of Credit so delivered by Tenant, such Letters of Credit shall be collectively hereinafter referred to as the “Letter of Credit”. The Letter of Credit (i) shall be irrevocable and shall be issued by a commercial bank reasonably acceptable to Landlord that has an office in Boston, Massachusetts, (ii) shall require only the presentation to the issuer of a certificate of the holder of the Letter of Credit stating either (a) that Landlord is entitled to draw on the Letter of Credit in accordance with this Lease or (b) that Tenant has not delivered to Landlord a new Letter of Credit having a commencement date immediately following the expiration of the existing Letter of Credit in accordance with the requirements of this Lease, (iii) shall be payable to Landlord and its successors in interest as the Landlord and shall be freely transferable at nominal cost, (iv) shall be for an initial term of not less then one year and contain a provision that such term shall be automatically renewed for successive one-year periods unless the issuer shall, at least sixty (60) days prior to the scheduled expiration date, give Landlord written notice of such nonrenewal, and (v) shall otherwise be in form and substance reasonably acceptable to Landlord. Notwithstanding the foregoing, the term of the Letter of Credit for the final period of the Term shall be for a term ending not earlier then the date sixty (60) days after the last day of the Term.