Standby Letters of Credit definition

Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

Standby Letters of Credit means those letters of credit subject to the ISP or UCP issued or caused to be issued by Lender for Borrower’s account that can be drawn upon by a Buyer only if Borrower fails to perform all of its obligations with respect to an Export Order.

Standby Letters of Credit means any of the irrevocable standby letters of credit issued pursuant to this Agreement, in form acceptable to the Facing Agent issuing such standby letters of credit, together with any increases or decreases in the Stated Amount thereof and any renewals, amendments and/or extensions thereof.

Examples of Standby Letters of Credit in a sentence

• For Foreign bidders, Standby Letters of Credit (LC) confirmed by a bank in Kenya.

• For foreign bidders, Standby Letters of Credit (LC) confirmed by a bank in Kenya.

• The LC must contain all the mandatory conditions of payment to KPLC as prescribed in the Tender Security (Letters of Credit) or For foreign bidders, Standby Letters of Credit (LC) confirmed by a bank in Kenya.

• The LC must contain all the mandatory conditions of payment as prescribed in the Performance Security (Letters of Credit) provided in the Tender Document.c) For Foreign bidders, Standby Letters of Credit (LC) confirmed by a bank in Kenya.

• DESCRIPTIONNet Loans, Leases and Standby Letters of Credit as a Percent of Total Assets NARRATIVEThe sum of net loans, lease financing receivables and standby letters of credit divided by total assets.

More Definitions of Standby Letters of Credit

Standby Letters of Credit means all Letters of Credit issued in connection with this Agreement as a credit enhancement for certain Indebtedness (other than Indebtedness for Money Borrowed) of Borrowers.

Standby Letters of Credit means any of the irrevocable standby letters of credit issued pursuant to this Agreement, in form acceptable to the Facing Agent, together with any increases or decreases in the Stated Amount thereof and any renewals, amendments and/or extensions thereof.

Standby Letters of Credit as defined in Section 2.10(a).

Standby Letters of Credit means standby letters of credit issued for any lawful purposes of Holdings and its Subsidiaries.

Standby Letters of Credit as defined in subsection 3.1(i).

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

Standby Letters of Credit means irrevocable standby 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.