Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.
Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.
Letter of Credit Disbursement means a payment or disbursement made by the Issuing Bank pursuant to a Letter of Credit.
Examples of Letter of Credit Disbursement in a sentence
Upon any Letter of Credit Disbursement, the amount of such Letter of Credit Disbursement for all purposes under this Agreement shall become and be deemed to be, without any further action on the part of any Person, a Loan made by Lenders on the date of such Letter of Credit Disbursement (but without any requirement for compliance with the conditions precedent to the making of Loans contained in this Agreement).
More Definitions of Letter of Credit Disbursement
Letter of Credit Disbursement means a payment made by an Issuing Lender pursuant to a Letter of Credit.
Letter of Credit Disbursement means a US Letter of Credit Disbursement or a Canadian Letter of Credit, Disbursement, as applicable.
Letter of Credit Disbursement has the meaning specified in Section 2.03(e)(ii).
Letter of Credit Disbursement means an amount equal to the sum of (a) the amount drawn under any Letter of Credit in connection with a Request plus (b) all reasonable and customary out-of-pocket charges and expenses that Seller may pay or incur relative to such Request that are chargeable to the Letter of Credit Customer under the related Reimbursement Agreement.
Letter of Credit Disbursement is defined in Section 2.6.2.
Letter of Credit Disbursement means any payment or disbursement by Bank under any Letter of Credit.
Letter of Credit Disbursement means a payment made by the Issuing Bank to the beneficiary of, and pursuant to, a Letter of Credit. “ Letter of Credit Fees ” means the fees payable in respect of Letters of Credit pursuant to Section 2.11(c) .