Commercial Letters of Credit definition

Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.
Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower’s purchase of goods or services from the supplier in support of the export of the Items.
Commercial Letters of Credit as defined in subsection 3.1(ii).

Examples of Commercial Letters of Credit in a sentence

  • The Borrower may request the issuance of Commercial Letters of Credit and Standby Letters of Credit.


More Definitions of Commercial Letters of Credit

Commercial Letters of Credit means all Letters of Credit other than standby Letters of Credit.
Commercial Letters of Credit means a Letter of Credit which is intended at the time of Issuance to be drawn upon for the purchase of Product.
Commercial Letters of Credit means irrevocable commercial letters of credit issued pursuant to Section 2.2(b) from time to time by the Letter of Credit Issuer or one of its correspondents for the account of the Borrower.
Commercial Letters of Credit means the commercial Letters of Credit issued by the LC Bank for the account of the Borrower pursuant to Section 2.03, each of which is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.
Commercial Letters of Credit means a letter or letters of credit issued by L/C Issuer pursuant to Section 2.09 of this Credit Agreement for the purpose of assuring payment for goods or equipment supplied to Borrowers, or any of them. 32 "Commitment Fee" shall have the meaning ascribed to such term in Section 2.10 (b) of this Credit Agreement.
Commercial Letters of Credit means any and all commercial or standby letters of credit or bank guarantees that may be issued by the Bank from time to time to third parties for the benefit of the Borrower pursuant to Section 2.04 of this Agreement.
Commercial Letters of Credit as defined in subsection 8.1(a).