Acceptance Credit definition

Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft.

Acceptance Credit means a commercial Letter of Credit in which the applicable Issuing Bank engages with the beneficiary of such Letter of Credit to accept a time draft.

Acceptance Credit means the collective reference to U.S. Acceptance Credits and Canadian Acceptance Credits.

Examples of Acceptance Credit in a sentence

• Acceptance Credit – An acceptance credit stipulates that the beneficiary must draws a bill of exchange for a particular tenor e.g. 60, 90 or 120 or 180 days sight and that the draft will be accepted by one of the following parties e.g.: (i) The applicant (ii) The advising bank (iii) The negotiating bank.

• Acceptance Credit A documentary credit, which requires, amongst the documentsstipulated, provision of a term bill of exchange.

• A Deferred Payment Credit is similar to Acceptance Credit, except that there is no bill of exchange or draft drawn and is payable on certain future date, subject to submission of credit confirmed documents.

• Under the Acceptance Credit, the bill of exchange or drafts are drawn with certain Usance period and are payable upon acceptance, at a future date, subject to receipt of documents conforming to the terms and condition of the LC.22.

• If Oligo Exclusivity expires, and Ionis has, at such time, not exhausted the IND Acceptance Credit, Ionis may apply any remaining amount against any prepayment of the IND Acceptance Fee for Targets that Ionis designates to be Collaboration Targets pursuant to Section 4.8.2. For clarity, if this Agreement is terminated prior to the exhaustion of the IND Acceptance Credit, BicycleTx will not be required to refund any unused portion of the IND Acceptance Credit to Ionis.

• An analysis of life-cycle costs and duration of project construction.

• The Co-Borrowers agree to execute and deliver to the Bank such further documents and instruments in connection with any Letter of Credit issued or Documentary Banker's Acceptance created hereunder (including, without limitation, applications therefor and the Bank's Master Letter of Credit Agreement and Standard Acceptance Credit Agreement) as the Bank in accordance with its customary practices may request.

• Such letters of credit under which usance bills can be drawn is an Acceptance Credit or Time Credit.• Revocable Credit: A revocable LC is a credit that can be amended / cancelled by the issuing bank without prior notice to the beneficiary.

• Chrysler Financial Chrysler Service Contracts CitiFinancial Auto Compli CoverEdge Worldwide Credit Acceptance Credit Union Direct Lending Daimler Financial Services Dealer Marketing Services / ProMax Dealer Synergy Dealership for Life DealerLink DealerTrack Dent Wizard International Dimension Service Corp.

• Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing or any decision by the applicable L/C-BA Issuer not to renew such Letter of Credit or, with respect to any Acceptance Credit, presentation of documents under such Letter of Credit, or any presentation for payment of a Bankers’ Acceptance, the applicable L/C-BA Issuer shall notify the Borrowing Agent (for itself and the applicable Borrower) and the Administrative Agent thereof.

More Definitions of Acceptance Credit

Acceptance Credit means a commercial letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time

Acceptance Credit means a commercial Letter of Credit in which the applicable Issuing Lender engages with the beneficiary of such Letter of Credit to accept a time draft. “Administrative Agent” means JPMorgan Chase Bank, N.A. in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agents” means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement. “Aggregate Exposure” means with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) such Lender’s Delayed Draw Term Commitment, or, if after the Delayed Draw Term Loan Borrowing Date, the aggregate then unpaid principal amount of such Lender’s Delayed Draw Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding. “Aggregate Exposure Percentage” means with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. “Agreement” means this Credit Agreement.

Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft 1 1.02 Other Interpretive Provisions 28 1.03 Accounting Terms 29 1.04 Rounding 29 1.05 Exchange Rates; Currency Equivalents 29 1.06 Additional Alternative Currencies 30 1.07 Change of Currency 31 1.08 Times of Day 31 1.09 Letter of Credit Amounts 31 1.10 Accounting for Acquisitions and Divestures 31

Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft. “Acceptance Documents” means such general acceptance agreements, applications, certificates and other documents as the L/C Issuer may require in connection with the creation of L/C Issued BAs. “Acquisition” or “Acquire” means the acquisition of (a) 50% or more of the voting or economic Equity Interests of another Person (including the purchase of an option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such Equity Interest or upon exercise of an option or warrant for, or conversion of securities into, such Equity Interest, or (b) assets of another Person which constitute all or any material part of the assets of such Person or of a line or lines of business conducted by such Person. “Act” has the meaning specified in Section 10.18. “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02 with respect to such

Acceptance Credit means a commercial Letter of Credit in which the applicable Issuing Lender engages with the beneficiary of such Letter of Credit to accept a time draft. “Acquisition Agreement” means the Agreement and Plan of Merger dated as of November 30, 2016, among the Company, KoneCranes Plc, Hyvinkaa, Finland, a public limited company incorporated under Finnish Law and the other parties thereto. “Acquisition Agreement Representations” means the representations (if any) made by or on behalf of the XXXXX XX Companies in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Company (or any of its Affiliates) has the right in accordance with the terms of the Acquisition Agreement (taking into account applicable cure provisions) to terminate its obligations under the Acquisition Agreement or to decline to consummate the Specified Acquisition, in each case, as a result of a breach of such representations in the Acquisition Agreement. “Administrative Agent” means JPMorgan Chase Bank, N.A. in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agents” means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement. “Aggregate Exposure” means with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.

Acceptance Credit means the collective reference to U.S. Acceptance Credits and Canadian Acceptance Credits. “Acceptance Documents” shall mean such general acceptance agreements, applications, certificates and other documents as theapplicable Issuing Bank may require in connection with the creation of Bankers’ Acceptances.