Bank Instrument definition

Bank Instrument means any guarantee, indemnity, letter of credit (including any Import L/C and any standby letter of credit), shipping guarantee, tender bond, bid bond, performance bond or advance payment bond or any instrument of a similar nature (whether entailing autonomous, primary liability on the part of the issuer, or accessory, secondary liability) which is issued or to be issued by BNPP or a Correspondent Bank at the request of the Borrower pursuant to a Drawing under a Trade Facility, in each case as the same may from time to time be supplemented, replaced or amended.
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Bank Instrument means any share capital or other instrument of the Issuer;
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Bank Instrument means any standby letter of credit or letter of guarantee that is required (a) by a Contract or by a tender for a Contract, or (b) with respect to performance or financial obligations of the Customer or an Affiliate, and in either case, that has been or will be issued to the Beneficiary by the Bank or the Foreign Bank;
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Examples of Bank Instrument in a sentence

  • The Lessee desires to Lease Bank Instrument (BG/SBLC) from the Lessor.

  • If agreed to terminate by both parties the Lender shall return the Bank Instrument immediately with no liens and or encumbrances.

  • The NCRCPD will restore wetlands at the Reuthinger Wetland Mitigation Bank in accordance with the MBI (Mitigation Bank Instrument) effective April 10, 2018, and will monitor and maintain the restored habitats in accordance with the MBI.

  • Modification to Bank Instrument may be required if the aquatic resource restoration, establishment, enhancement, and/or preservation activities cannot be implemented in accordance with the approved mitigation plan.

  • The Buyer desires to Purchase Bank Instrument (BG/SBLC) from the Seller.

  • With the assignment of an exclusive license to use the Bank Instrument, the BORROWER may structure project finance, use it on his commercial balance sheet and for general credit enhancement.

  • Borrower, prior to the date of maturity of the Bank Instrument lent, may have delivered or delivers Alternative Collateral acceptable to Lender or cash in the amount of the aggregate market value of the lent Instrument on the same business day.

  • The ownership will not be transferred under either of these arrangements, but the beneficial use of the Bank Instrument is made available as an enhancement to the BORROWER.

  • Work cooperatively with PCC to develop the Mitigation Bank Instrument for the Project Area that will enhance wetland and riparian habitats, water quality and storage values of the Project Area.

  • This Irrevocable Bank Pay Order is a binding fully performed due bill and is immediately callable on for Cash payment upon receipt of the SWIFT MT 760 delivery of the Bank Instrument (specified herein) to the Client’s Bank Account.


More Definitions of Bank Instrument

Bank Instrument means the documentation of agency and bank sponsor concurrence on the objectives and administration of the bank. The “bank instrument” describes in detail the physical and legal characteristics of the bank, including the service area, and how the bank will be established and operated.
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Related to Bank Instrument

  • Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.

  • Bank Indebtedness means any and all amounts payable under or in respect of the Credit Agreement and the other Credit Agreement Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Issuer whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

  • Municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Debt Instrument means any loan, bond, debenture, promissory note or other instrument evidencing indebtedness (demand or otherwise) for borrowed money or other liability;