Existing Documentary Credits definition

Existing Documentary Credits means outstanding Documentary Credits issued prior to the Effective Date by any Documentary Credit Lender and set out in Schedule N.
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Existing Documentary Credits has the meaning specified in Section 5.01(2).
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Existing Documentary Credits means all documentary credits made under the Existing Credit Agreement which are outstanding as of the Closing Date.
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Examples of Existing Documentary Credits in a sentence

  • Each of the Existing Documentary Credits (including any extension or renewal thereof) shall constitute a Documentary Credit issued for the purposes of Clause 4.1 (Conditions to Utilisation) on the Initial Borrowing Date and the respective issuer thereof shall constitute the “L/C Bank” for the purposes of this Agreement.

  • It is hereby acknowledged and agreed that each of the Existing Documentary Credits described in Schedule N shall constitute a “Documentary Credit” for all purposes under this Agreement and shall be deemed to be issued under this Agreement as of the Effective Date.

  • Until the Second Lien Notes Repayment Date, the only Documentary Credits which may be issued hereunder shall be Documentary Credits issued in replacement of Existing Documentary Credits or issued after expiration or cancellation of one more Existing Documentary Credits (and having no greater aggregate face amount than the Existing Documentary Credits so replaced, expired or cancelled).

  • The Existing Documentary Credits shall be deemed to be Documentary Credits issued and outstanding hereunder as and from the date hereof, until such time as there is a drawing under the Existing Documentary Credits, or the Existing Documentary Credits are returned to Canadian Imperial Bank of Commerce, expire by their terms or Canadian Imperial Bank of Commerce is otherwise released from any further obligations thereunder.

  • On the Closing Date, all Existing Documentary Credits shall be deemed to have been made under this Agreement.

  • The expiration date for such Existing Documentary Credits shall be the existing expiration date for such Existing Documentary Credits.

  • It is hereby acknowledged and agreed that each of the Existing Documentary Credits described in Schedule N shall constitute a “Documentary Credit” for all purposes under this Agreement and shall be deemed to be issued under this Agreement as of the Closing Date.

Related to Existing Documentary Credits

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Supplementary Card The Supplementary Card is the Card issued to a Supplementary Cardmember.

  • Supplementary Cardholder means the person who has been issued a Supplementary Card.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or a Guarantor in the ordinary course of its business.

  • Ancillary crime or "ancillary charge" means any delinquent act committed by a juvenile as a part

  • Supplementary Cardmember means a person who has been nominated by the Cardmember to be issued with an additional Card on the Account and is also covered by the insurance benefits included with the Card.

  • ISP98 means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce Publication No. 590.

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Documentary draft means a draft to be presented for acceptance or payment if specified documents, certificated securities as defined in section 8102 or instructions for uncertificated securities as defined in section 8102, or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft.

  • Uniform Customs the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time.

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Customs authority means the authority that is responsible under the law of a Party for the administration and enforcement of customs laws and regulations; Customs duty includes any duty or charge of any kind imposed in connection with the importation of goods, but does not include any:

  • Letter of Credit means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Existing Letter of Credit means each letter of credit issued prior to the Effective Date by a Person that shall be an Issuing Bank and listed on Schedule 2.06.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable: