UCP 500 definition

UCP 500 means the Uniform Customs and Practice for Documentary Credits, 1993 Revision, ICC Publication No. 500.
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UCP 500 has the meaning set forth in Section 1.12 of the Agreement.
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UCP 500 has the meaning specified in Section 2.03(h) of this Agreement.
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Examples of UCP 500 in a sentence

  • The Requested Letter of Credit will be subject to [UCP 500] [ISP98].

  • Byrne and Dan Taylor, ICC Guide to the eUCP: Understanding the Electronic Supplement to the UCP 500, (Paris, ICC Publishing S.A., 2002) (ICC publication No. 639), p.

  • In rest of the case Trans-Shipment condition in BHEL purchase order / letter of credit will be as per Uniform Custom and Practice for documentary credits, UCP 500 of International Standard Bank proceed re-issued by International chamber of Commerce (ICC).

  • The Letter of Credit is to be issued pursuant to ISP98 rather than UCP 500.

  • The sub- mission of the draft drawn on the application should then be treated as an additional requirement for presentation, as was explicitly provided for in Article 9 (a)(iv) UCP 500.

  • Following the presentation from the promoters on 6 February 2006 officers sought further information from the promoters and met with them to explore various concerns in more depth.

  • This Control Agreement is made subject to the practice rules (e.g., UCP 500 or ISP 98) to which the Credit is subject.

  • The form of such letter of credit shall be provided by the bank or savings and loan association and may be based on either the Uniform Commercial Code or the ICC Uniform Customs and Practice for Documentary Credits (UCP 500).

  • It should be noted that not all banks in the 3 The code of UCP that has been published by the Banking Commission of the International Chamber of Commerce (ICC) has been modified five times, with the latest version dating from 1993 (UCP 500), to faithfully reflect international practices related to credit documentation.

  • Although the ICC has produced the above mentioned UCP (recently revised and issued as "UCP 500", which we refer on various occasions in this publication), some countries insist on referring to their standard banking practice, which is specific to that country and often not definitive.


More Definitions of UCP 500

UCP 500 shall have the meaning set forth in Section 10.09(b).
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UCP 500 means the Uniform Customs and Practice for Documentary Credits, ICC Publication No. 500;
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UCP 500 means the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time.
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UCP 500 has the meaning assigned to such term in Section 20.
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UCP 500 means the Uniform Customs and Practice for Documentary Credits (1994 Revision) International Chamber of Commerce Publication No. 500 and includes the UCP 500 as from time to time amended, modified or supplemented and any document subsequently adopted which amends, modifies or supplements UCP 500; and
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UCP 500 has the meaning assigned to such term in Section 2.05(j).
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Related to UCP 500

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • SPS AER Value means the Underlying Reference Value.

  • Partially Adjusted Capital Account means, with respect to any Member for any taxable year or other period of the Company, the Capital Account balance of such Member at the beginning of such year or period, adjusted for all contributions and distributions made or deemed made to or by such Member during such year or period and all special allocations to such Member pursuant to Section 6.2 with respect to such year or period, but before giving effect to any allocations of Net Profit or Net Loss to such Member pursuant to Section 6.1 with respect to such year or period.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Limited Indexation Month means any month specified in the relevant Final Terms for which a Limited Indexation Factor is to be calculated;

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Replacement Benchmark means a benchmark rate which is: