LC means Letter of Credit
LC means a standby letter of credit or a commercial letter of credit (in such form as shall be customary in respect of obligations of a similar nature) issued by Administrative Agent under this Agreement and under an LC Agreement.
LC means a documentary or standby letter of credit issued for the account of any Borrower by Issuing Bank under this Agreement and under an LC Agreement.
Examples of LC in a sentence
The L/C will be confirmed and irrevocable but has to be acceptance L/C and the supplier has to send the following documents: (Invoice origin + five copies), (Certificate of origin + five copies), (Bill of lading 3- negotiable + 5 non–negotiable), (Test certificate (where applicable) + 6 copies).
More Definitions of LC
LC means the letter(s) of credit issued hereunder in the form agreed upon among Borrower, Administrative Agent, and the beneficiary thereof at the time of issuance thereof and participated in by Lenders pursuant to the terms and conditions of SECTION 2.2 hereof.
LC means Lethal Concentration
LC means a documentary letter of credit, and includes the term credit as defined in UCP.
LC means a standby or documentary letter of credit or letter of guarantee in Cdn. Dollars or U.S. Dollars issued by the Operating Facility Lender at the request of the Borrower pursuant to this Agreement;
LC means a letter of credit in form satisfactory to and issued by the Operating Lender under the Operating Facility acting at the request of and in accordance with the instructions of the Borrower, to make payment in accordance with the terms and conditions thereof of an amount to or to the order of a third party.
LC means any letter of credit issued by the LC Issuer for the account of any Loan Party under the terms of this Agreement (and the applicable LC Application), including, without limitation, each Prepetition LC.