Common use of Letter of Credit payment Clause in Contracts

Letter of Credit payment. a) direct payment of the Letter of Credit Amount to the Remittee; b) deferred payment of the Letter of Credit Amount to the Remittee, or (c) acceptance of the bill of exchange, by the Bank in accordance with the terms and conditions set forth in the Agreement.

Letter of Credit payment. a) direct payment of the Letter of Credit Amount to the Remittee; b) deferred delayed payment of the Letter of Credit Amount to the Remittee, ; or (c) acceptance of the a bill of exchange, exchange by the Bank in accordance with the terms rule and conditions set forth in the General Credit Line Agreement and the Letter of Credit Agreement.