Approved Beneficiary definition
Approved Beneficiary means a beneficiary of a Letter of Credit or Bank Guarantee approved by the Issuing Bank and the Agent;
Examples of Approved Beneficiary in a sentence
The Administrative Agent shall have acknowledged receipt from each party thereto of a counterpart signed on behalf of such party of a supplement to the Approved Beneficiary Side Letter in form and substance satisfactory to the Administrative Agent, the Several L/C Issuing Bank and each Lender.