Commercial Letters of Credit definition

Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower’s purchase of goods or services from the supplier in support of the export of the Items.

Commercial Letters of Credit as defined in subsection 3.1(ii).

Examples of Commercial Letters of Credit in a sentence

• Commercial Letters of Credit (LCs) Outstanding – This refers to the unutilized balances of LCs issued in favor of local beneficiaries arising from domestic movement of goods and/or services or in favor of foreign beneficiaries for the importation of goods and/or payment of services abroad.

• Types of Letters of Credit: Commercial Letters of Credit: Commercial letters of credit are mainly used as a primary payment tool in international trade such as exporting and importing transactions.

• The Commercial Letters of Credit shall be used solely to finance purchases of goods by the Parent Borrower and its Subsidiaries in the ordinary course of their business, and the Standby Letters of Credit shall be used solely for the purposes described in the definition of such term in Section 1.01.

• Legal Aid Commission of Tasmania Submission, 20 February 2003, p.

• The Senate president will report to the Senate on the outcomes of these follow-up conferences.

More Definitions of Commercial Letters of Credit

Commercial Letters of Credit means any and all letters of credit which may be issued by the Bank from time to time to third parties for the benefit of the Borrower pursuant to Section 2.04 of this Agreement.

Commercial Letters of Credit means all Letters of Credit other than standby Letters of Credit.

Commercial Letters of Credit means irrevocable commercial letters of credit issued pursuant to Section 2.2(b) from time to time by the Letter of Credit Issuer or one of its correspondents for the account of the Borrower.

Commercial Letters of Credit means a letter or letters of credit issued by L/C Issuer pursuant to Section 2.09 of the Credit Agreement for the purpose of assuring payment for goods, equipment or materials supplied to Borrower.

Commercial Letters of Credit means any and all commercial or standby letters of credit or bank guarantees that may be issued by the Bank from time to time to third parties for the benefit of the Borrower pursuant to Section 2.04 of this Agreement.

Commercial Letters of Credit means a Letter of Credit which is intended at the time of Issuance to be drawn upon for the purchase of Product.

Commercial Letters of Credit as defined in subsection 8.1(a).