Letter-of-Credit Rights means “letter-of-credit rights” as such term is defined in the UCC, now owned or hereafter acquired by any Person, including rights to payment or performance under a letter of credit, whether or not such Person, as beneficiary, has demanded or is entitled to demand payment or performance.
Letter-of-Credit Rights shall have the meaning set forth in Article 9 of the UCC.
Letter-of-Credit Rights means “letter-of-credit rights” as such term is defined in the Code, now owned or hereafter acquired by any Credit Party, including rights to payment or performance under a letter of credit, whether or not such Credit Party, as beneficiary, has demanded or is entitled to demand payment or performance.
Examples of Letter-of-Credit Rights in a sentence
Borrower will cooperate with MCI in obtaining control with respect to Collateral consisting of deposit accounts, Investment Property, Letter of Credit Rights and electronic chattel paper.
More Definitions of Letter-of-Credit Rights
Letter-of-Credit Rights. “Letters of Credit”; “Money”; “Payment Intangibles”; “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”
Letter-of-Credit Rights means all of Borrower’s right, title and interest, whether now owned or hereafter acquired, in, to and under all “letter of credit rights” as defined in the UCC.
Letter-of-Credit Rights means “letter-of-credit rights” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.
Letter-of-Credit Rights means “letter-of-credit rights” as such term is defined in the UCC.
Letter-of-Credit Rights means "letter-of-credit rights" as such term is defined in the UCC, now owned or hereafter acquired by any Person, including rights to payment or performance under a letter of credit, whether or not such Person, as beneficiary, has demanded or is entitled to demand payment or performance.
Letter-of-Credit Rights means all present and future “letter of credit rights” (as defined in Article 9 of the UCC).
Letter-of-Credit Rights shall have the definition assigned in the UCC.