Acceptances definition

Acceptances means any existing and future drafts which involve any Borrower or beneficiary under a Letter of Credit as drawer that are processed and accepted for payment by Agent or other accepting bank in its absolute discretion.

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Acceptances has the meaning set forth in Section 2.08(a).

Acceptances shall have the meaning assigned to such term in Section 6.9(a).

Examples of Acceptances in a sentence

• Agent is hereby irrevocably authorized to execute one or more Assignment and Acceptances as attorney-in-fact for any Affected Lender which fails or refuses to execute and deliver the same within 5 Business Days after the date of such demand.

• Any BA Equivalent Advance shall be made on the relevant Drawdown Date, Rollover Date or Conversion Date as the case may be and shall remain outstanding for the term of the relevant Bankers’ Acceptances.

• Subject to the other provisions hereof, Conversions and Rollovers of Bankers’ Acceptances may only occur on the maturity date thereof.

• In the event of any inconsistency between the provisions of this Section 2.15 and any other provision of Article II with respect to Bankers’ Acceptances or BA Equivalent Notes, the provisions of this Section 2.15 shall prevail.

• Any such payment shall satisfy TCCI’s obligations under the Bankers’ Acceptance, Draft or BA Equivalent Note to which it relates and the relevant Lender shall thereafter be solely responsible for the payment of such Bankers’ Acceptances, Drafts or BA Equivalent Notes.

More Definitions of Acceptances

Acceptances as defined in Section 2.31(a).

Acceptances means acceptances of the Offer in respect of the Securities as required by this undertaking;

Acceptances shall have the meaning set forth in Section 2.9 hereof.

Acceptances shall have the meaning set forth in Section 3.1 hereof.

Acceptances a Draft drawn by the Borrower and accepted by a Lender which is (a) denominated in Canadian Dollars, (b) based on availability, for a term of not less than 7 days nor more than 180 days and which matures prior to the Termination Date and (c) issuable and payable only in Canada; provided that, to the extent the context shall require, each Acceptance Note shall be deemed to be an Acceptance.

Acceptances means documentary banker's acceptances issued by Lender for the account of any Obligor.

Acceptances means "L/C Acceptances" or "Avalized Documentary Collections" or both as the case may be.