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 means a letter of credit now or hereafter issued pursuant to a Commercial Letter of Credit Application by the LC Issuer from time to time at the request of, and for the account of, the Borrower pursuant to this Agreement.
Examples of Commercial Letters of Credit in a sentence
Notwithstanding anything to the contrary contained in this Agreement, no Issuing Bank shall be required to issue Commercial Letters of Credit without its consent.
To the extent practicable, each partial reduction in the Financial/Commercial Letter of Credit Sublimit shall be allocated ratably among the L/C Issuers in accordance with their respective Letter of Credit Commitments with respect to Financial Letters of Credit and Commercial Letters of Credit (or as otherwise agreed among the Borrower and the L/C Issuers).
More Definitions of Commercial Letters of Credit
Commercial Letters of Credit as defined in subsection 3.1(ii).
Commercial Letters of Credit means all Letters of Credit other than standby Letters of Credit.
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 a letter or letters of credit issued by L/C Issuer pursuant to Section 2.14 of the Credit Agreement for the purpose of assuring payment for goods, equipment or materials supplied to Borrower.
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 9.1(a).
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.