Acceptance Drafts definition
Examples of Acceptance Drafts in a sentence
Acceptance Drafts shall be utilized to finance the importation, exportation or domestic shipment of goods.
Upon request, the Borrower shall furnish a further supply of such Acceptance Drafts to the Agent.
Subject to the provisions of ---------------- Section 2.05 hereof, the (a) LIBOR Margin for Revolving Credit Loans, (b) Standby Letter of Credit Commission (as defined in Section 3.06) for standby Letters of Credit and (c) Acceptance Draft Commission (as defined in Section 3.08) for Acceptance Drafts shall be adjusted on a quarterly basis based upon the Leverage Ratio of the Borrower and its subsidiaries on a Consolidated basis.
Prior to the first presentation of drafts for acceptance hereunder the Borrower shall provide the Agent with a supply of Acceptance Drafts, in the form of Exhibit D each signed and endorsed, where appropriate, by a duly authorized officer of the Borrower.
The (a) LIBOR Margin as determined pursuant to the grid below (the "LIBOR Margin") for Revolving Credit Loans, (b) Standby Letter of Credit Commission (as defined in Section 3.06) for standby Letters of Credit and (c) Acceptance Draft Commission (as defined in Section 3.08) for Acceptance Drafts shall be adjusted on a quarterly basis based upon the Leverage Ratio of the Borrower and its subsidiaries on a Consolidated basis.
Prior to the first presentation --------------- of drafts for acceptance hereunder the Borrower shall provide the Agent with a supply of Acceptance Drafts, in the form of Exhibit D each signed and endorsed, where appropriate, by a duly authorized officer of the Borrower.
Use of Trade Acceptance Drafts ------------------------------------- -------------------------- ----------------------------------- Patent Applications ------------------- ------------------------------------- -------------------------- ----------------------------------- TITLE PATENT NUMBER OWNER ------------------------------------- -------------------------- ----------------------------------- Internet Financing Methods Using 09/357,279 Actrade International Ltd.
Any payment made by a Revolving Lender pursuant to this paragraph shall not constitute a Loan and shall not relieve the Borrower of its obligations in respect of the applicable Acceptance Drafts.
The Borrower agrees to ------------------------------------------ pay to the Issuing Lender its standard Letter of Credit draw fees in effect from time to time, its standard fees in effect from time to time with respect to Acceptance Drafts and commissions on Letters of Credit in an amount of less than $500.00.