Drafts definition

Drafts means drafts, bills of exchange, receipts, acceptances, demands and other requests for payment drawn or issued under a Letter of Credit.

Drafts means any documentary draft drawn under and conditioned upon presentation of documents required by the Credit, including but not limited to such drafts accepted by the Issuer.

Drafts means documentary evidence of Credit Card sales deposited by Merchants with Seller.

Examples of Drafts in a sentence

• The SBLC should be available – “By Payment” Drafts should be payable at - “SIGHT”Documents required -1.

• The security shall be in the form of Demand Drafts payable at Kolkata in favour of ESI Fund A/c.

• Earnest Money can be paid in Demand Drafts or Bank Guarantee or Banker’s Cheque or Letter of Credit from any Indian scheduled bank or a branch of an International bank situated in India and registered with Reserve Bank of India as scheduled foreign bank.

• Drafts against the Buyer will not be honored nor C.O.D. shipments accepted, and items so tendered will be returned to seller at Seller's expense.

• Merchant may not divide a single Transaction between two or more Sales Drafts on a single Card to avoid Authorization limits that may be set by the Card Issuer.

More Definitions of Drafts

Drafts means, at any time, either a depository xxxx within the meaning of the DBNA or a xxxxx xxxx of exchange, within the meaning of the Bills of Exchange Act (Canada), drawn by the Canadian Borrower on a Canadian Lender and bearing such distinguishing letters and numbers as such Canadian Lender may determine, but which at such time, except as otherwise provided herein, has not been completed or accepted by such Canadian Lender.

Drafts means any draft drawn under or presentment or demand made for payment on any Credit.

Drafts means the rough sketch of a communication to be issued subject to approval (including modification/alteration) of the competent authority.

Drafts has the meaning ascribed to such term in Section 2.04(b).

Drafts as defined in subsection 5.1.

Drafts means a commercial draft of a Lender in substantially the form of Part 3 of this Schedule D made by the Borrower in accordance with the provisions of this Schedule D of the Agreement;

Drafts means all artwork and writings including but not limited to concepts, preliminary designs, sketches, visual presentations and other documents developed by EoW which may or may not have been shown to the Client and which are not Final ArtWork.