Letter of Credit definition

Letter of Credit means any letter of credit issued pursuant to this Agreement.
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Letter of Credit means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit.
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Letter of Credit means any Existing Letter of Credit or any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.
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Examples of Letter of Credit in a sentence

  • In the event of such notification, any then unused portion of the Letter of Credit shall be available by draft on or before the then current expiration date.

  • AT&T-21STATE will not pay interest on a Letter of Credit or a Surety Bond.

  • Each draftmust be accompanied by a copy of this Letter of Credit.

  • Schedule 1 Attachment “C” Page 1 of 3 Planning and Zoning Director City of South Tucson 0000 Xxxxx Sixth Avenue South Tucson, AZ 85713 Dear Sir or Madam: Date , 20 Letter of Credit No.: We hereby establish our clean, unconditional and irrevocable Letter of Credit in your favor at the request and for the account of in the aggregate amount of ($ ), available upon presentation of your draft in the form attached hereto as Schedule 1.

  • We willhonoreach draftpresented to us in compliance withtheterms of this Letter of Credit.


More Definitions of Letter of Credit

Letter of Credit is a standby or commercial letter of credit issued by Bank upon request of Borrower based upon an application, guarantee, indemnity, or similar agreement.
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Letter of Credit means each Existing Letter of Credit and any letter of credit issued pursuant to this Agreement.
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Letter of Credit means any standby letter of credit issued hereunder providing for the payment of cash upon the honoring of a presentation thereunder.
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Letter of Credit of a Person means a letter of credit or similar instrument which is issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable.
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Letter of Credit means any standby letter of credit issued hereunder.
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Letter of Credit shall have the meaning provided in Section 2.01(a).
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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.
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