Examples of Letter of Guarantee Facility in a sentence
We have a Letter of Guarantee Facility (the “LG Facility”) enabling our bank to issue letters of guarantees, standby letters of credit, performance bonds, counter guarantees, counter standby letter of credit or similar credits on our behalf to from time to time up to a maximum of $2.0 million.
These arrangements include the Company’s Syndicated €175.0 Letter of Guarantee Facility (as amended, the “L/G Facility Agreement”) and other ancillary credit facilities.
The arbitral tribunal may meet at any place it deems appropriate for the inspection of goods, other property or documents.
The expiry of a letter of guarantee does not mean that the Letter of Guarantee Facility has to be cancelled or terminated and/or the deposit needs to be withdrawn.
With respect to the Letter of Guarantee Facility, I/we agree to pay a commission for the issuance of each Letter of Guarantee at the commission rate stated in the Agreement/Application for Issue of Letter of Guarantee/Indemnity relating to such Letter of Guarantee or such other rate as may be determined by you from time to time.
The Company renegotiated its existing Operating Loan Facility and secured an additional Capital Loan Facility and Export Development Canada (“EDC”) Secured Letter of Guarantee Facility.
In the EPA negotiations detailed sections on intellectual property have been proposed by *) This is the third issue in a series of Policy Notes initiated by the Global Trade and Regional Integration Programme under the NAI Globalisation Cluster.
The Corporation has the following bank facilities available to it.Letter of Guarantee FacilityThe Corporation has a Letter of Guarantee Facility (“LG Facility”), enabling the bank to issue letters of guarantees, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit or similar credits on the Corporation's behalf from time to time up to a maximum of $2,000,000.
Some of the key programmes and facilities under AFGAP, include the Afreximbank LC Confirmation Guarantee; the Country Risk Guarantee Facility; the Letter of Guarantee Facility; the Note Purchase Cover; the Buyer/Supplier Credit Guarantee; the Project Finance Guarantee; the Investment Guarantee; the ECA Plus Guarantee; the Sovereign Obligations Guarantee; Bonding Facilities; the Construction Completion Guarantee; and the Trade Contract Availability Guarantee Facility.
Export Development Canada (“EDC”) Secured Letter of Guarantee Facility The EDC facility was secured to assist in the financing of the day-to-day operations of the Company through the issuance by the Bank of letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit or similar credits from time to time (each an “LG”) upon the instructions of the Company.