Honor definition

Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, "honor" occurs:

Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit

Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, "honor" occurs [(i)] (A) upon payment, [(ii)] (B) if the letter of credit provides for acceptance, upon acceptance of a draft and, at maturity, its payment, or [(iii)] (C) if the letter of credit provides for incurring a deferred obligation, upon incurring the obligation and, at maturity, its performance.

Examples of Honor in a sentence

• If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof.

• In such event, the Borrower shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).

• It is your individual responsibility to know and comply with all university policies and procedures regarding academic integrity and the Student Honor Code.

• Violations of the Honor Code at the University of Florida will not be tolerated.

• In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).

More Definitions of Honor

Honor means, Congress specified that the exemption applies only if the AOD is “honored throughout the United States to block illegal deliveries of cigarettes . . . to consumers.” Id. at § 376a(e)(3)(B)(ii)(I) (emphasis added). Merely giving lip service to nationwide coverage of the AOD does nothing “to block deliveries.” Deliveries are blocked only if UPS complies with the AOD. By specifying that the exemption applies if the AOD is honored in such a way as to “block illegal deliveries of cigarettes . . . to consumers,” Congress clearly signaled that “honoring” the agreement involves compliance.

Honor of a letter of credit means performance of the issuer’s undertaking in

Honor of a letter of credit means performance

Honor. We honor God our Father, Xxxxx Xxxxxx our Savior, and the Holy Spirit. We honor our parents and family. We honor ourselves. Integrity: We treat others as called by the Gospel: with trust, respect, dignity, and forgiveness. Our integrity guides all our actions.

Honor means to shoot for the trophy only, no cash prizes;

Honor we", "our" or "us" means the signing entity determined in accordance with Clause 9 herein which provides services to You under the APIs Agreements.

Honor refers to the signing Honor entity or entities.