Letter of Credit definition

Letter of Credit means any letter of credit issued pursuant to this Agreement.
Letter of Credit means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit.

Examples of Letter of Credit in a sentence

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


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.
Letter of Credit means any standby letter of credit issued hereunder providing for the payment of cash upon the honoring of a presentation thereunder.
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.
Letter of Credit means any standby letter of credit issued hereunder.
Letter of Credit shall have the meaning provided in Section 2.01(a).
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.