Letter of Indemnity definition

Letter of Indemnity means a letter of indemnity issued by the Seller in favour of the Buyer in the form set out in the Appendix to these Contract Terms (or such other form as the Exchange may from time to time prescribe or permit), countersigned by the Seller’s bank if so requested by the Buyer, provided that where the Seller is the Clearing House, the letter of indemnity shall be issued by the Seller whose tender has been allocated by the Clearing House to the Buyer for the purposes of delivery, and where the Seller is not the Clearing House, the letter of indemnity shall be issued in favour of the Buyer to whom the Clearing House has allocated such Seller's tender for the purposes of delivery;
Letter of Indemnity means a letter of indemnity substantially in the form set out in Appendix A;
Letter of Indemnity means any air release, steamship guarantee or similar document providing indemnity to a carrier for air release of cargo or release of shipment without surrender of bills of lading for such cargo or shipment.

Examples of Letter of Indemnity in a sentence

  • Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and/or to Distributor prior to the Company’s acceptance of any such order.

  • Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s acceptance of any such order.

  • If these documents are not received by Buyer’s bank before the cargo arrival, the Seller shall instruct the shipper to deliver the consignment to MMTC against MMTC’s own Letter of Indemnity on its letter pad and instruct the Shipping Agent accordingly.

  • Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to us prior to the Company’s acceptance of any such order.

  • Such orders shall be acceptable only as permitted by the Fund and shall be subject to the Fund’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Fund’s acceptance of any such order.


More Definitions of Letter of Indemnity

Letter of Indemnity means a letter of indemnity in the form set out in Appendix B to this Chapter 10.
Letter of Indemnity means any indemnity issued by L/C Issuer relating to goods covered by a Letter of Credit pursuant to which L/C Issuer will hold a carrier named by Borrower harmless by reason of such carrier’s releasing such goods without surrender to the carrier of the endorsed transport document covering the shipment of such goods.
Letter of Indemnity means a letter of indemnity in the form set out in schedule 2 hereto;
Letter of Indemnity means the letter of indemnity dated July 28, 2004 between Seller and Coach Inc.
Letter of Indemnity. : means legal agreement that renders one or both parties to an agree- ment harmless by some 3rd party.
Letter of Indemnity means a letter issued by Fleet or the Agent in favor of The Chase Manhattan Bank with respect to commercial (documentary) Letters of Credit and foreign exchange contracts that are outstanding on the date hereof that were issued by The Chase Manhattan Bank in connection with the Prior Agreement, which letter shall be substantially in the form of Exhibit G hereto.
Letter of Indemnity means a letter of indemnity in a form generally accepted by commercial market participants in the market of the Eligible Products.