Documentary Collection definition
Examples of Documentary Collection in a sentence
The Administrative Agent, the other branches of NBC, the Documentary Collection Agent, and their respective Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrowers as though the Administrative Agent and the Documentary Collection Agent were not the Administrative Agent and Documentary Collection Agent hereunder and under the other Loan Documents.
Nothing contained in this Agreement shall be deemed to require the Documentary Collection Agent to extend any credit to the Borrower in connection with the performance of documentary collection services, whether by means of overdrafts or otherwise (other than in its capacity as a Lender hereunder), and the Documentary Collection Agent shall not extend any such credit without the prior written consent of all the Lenders.
Documentary Collection for the Construction of a City Credit System 城市信⽤体系建设⽂集.
If the making of such Base Rate Loan would cause the Aggregate Exposure to exceed the lesser of the Aggregate Commitments or the Borrowing Base then in effect, then the Documentary Collection Agent is authorized, in its sole discretion, to debit the Borrower's account in the amount of such draft.
Import Documentary Collection (DA/DP) Cut-off Time for receipt of instructions : By 1:00pm on the Day Fulfillment : Documents processed and customers notified of receipt of Inward Documentary Bills for Collection received from remitting banks for presentation to importers/ Drawees.
The relevant Documentary Credit or Documentary Collection shall specify if the UCP, ISP 98, or URC is applicable.
The Customer shall submit an Online Request for Outward Documentary Collection along with relevant documents and payment instructions.
The Documentary Collection Fee with respect to any shipment of Inventory shall be paid concurrently with payment of the purchase price for such shipment.
To the extent permitted by law, any such alteration shall be effective and binding after one calendar month of the date of the notice of such alteration being issued to Customer unless longer notice is required by applicable law (unless otherwise specified by us in the notice), or on Customer subsequent requests for a Documentary Credit to be issued or for a Documentary Collection to be handled or processed, if earlier.
Bank Leumi, in its capacity as documentary collection agent under this Section 2.11, shall be referred to herein as the "Documentary Collection Agent".