Documentary Credit definition

Documentary Credit means a letter of credit, bank guarantee, indemnity, performance bond or other documentary credit issued or to be issued by an L/C Bank pursuant to Clause 4.1 (Conditions to Utilisation).

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Documentary Credit means an irrevocable documentary credit that is issued or confirmed, honoured or negotiated by the Bank at your request.

Documentary Credit any letter of credit or bank guarantee issued pursuant to this Agreement.

Examples of Documentary Credit in a sentence

• Except to the extent it is inconsistent with the express terms of this Documentary Credit, this Documentary Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500.

• The Beneficiary’s rights under this Documentary Credit may not be assigned or transferred.

• Unless otherwise specified, all Letters of Credit will be governed by the Uniform Customs and Practices for Documentary Credit Operations as in effect on the date of issuance of such Letter of Credit.

• Terms defined in the Documentary Credit have the same meaning when used in this Demand.

• Such documentary credit fee shall be paid in arrears on each Quarter Date during the Term of the relevant Documentary Credit and on the relevant Expiry Date (or the date of its repayment, prepayment or cancellation, if earlier) for that Documentary Credit.

More Definitions of Documentary Credit

Documentary Credit means a letter of credit (including a standby letter of credit) or a letter of guarantee issued or to be issued by the Swing Line Lender for the account of the Borrowers pursuant to Article 5 and denominated in Canadian Dollars or U.S. Dollars as may be requested by a Borrower and agreed to by the Swing Line Lender, as the same may be amended, supplemented, extended or restated from time to time.

Documentary Credit means a commercial letter of credit, standby letter of credit or letter of guarantee (each of which is a "TYPE" of Documentary Credit) issued or to be issued by the Lender for the account of the Borrower pursuant to Article 5.

Documentary Credit means any guarantee or Letter of Credit issued pursuant to Clause 6 (Utilisation - Documentary Credits), as the same may be varied or extended from time to time in accordance with the terms of this Agreement.

Documentary Credit means a letter of credit, bank guarantee, indemnity, performance bond or other documentary credit issued or to be issued by an L/C Bank pursuant to Clause 5.1 (Delivery of Requests).

Documentary Credit means the documentary credit and/or standby letter of credit relating to international and domestic transactions.

Documentary Credit means any letter of credit, guarantee or bond issued or to be issued pursuant to Clause 5.4, in each case as varied from time to time.

Documentary Credit means any cheque, bill, bank guarantee, draft, letter of credit, order and/or any other document of whatever kind accepted by the banking industry as capable of transferring funds or providing security, and permitted by the Bank pursuant to the allianceonline Services.