BMSC definition
Examples of BMSC in a sentence
No one shall overnight on vessels moored at BMSC docks and floats.
Researchers agree to abide by the provisions of the BMSC boating policy for reservations, sail plans, prescribed areas of operation, weather warnings, etc.
All users of BMSC “powered” vessels must first undergo a checkout by BMSC foreshore staff (1st Skipper, 2nd Skipper, Diving and Safety Officer), or other BMSC staffers as authorized by foreshore staff.
The BMSC Letter of Credit has an expiration date of April 30, 1997, and shall be automatically extended pursuant to its terms, without written amendment, to April 30 of each succeeding calendar year up to April 30, 2002, and then up to but not beyond December 29, 2002, and is subject to the additional terms of the Application and Agreement for Standby Letter of Credit attached hereto as Exhibit B (the "BMSC Letter of Credit Agreement"), all terms of which are incorporated herein by this reference.
Each draft paid by Bank under the BMSC Letter ------------------- of Credit shall be repaid by Borrower in accordance with the provisions of the BMSC Letter of Credit Agreement.
Interest shall be payable at the times and place set forth in the Line of Credit Note and the BMSC Letter of Credit Agreement.
All scientific diving will be conducted under the regulations of the BMSC Diving Safety Manual and the auspices of the Canadian Association of Underwater Sciences (CAUS).
In addition to and separate from the Line of --------------------- Credit subfeature for Letters of Credit, Bank has issued a standby letter of credit for the account of Borrower and for the benefit of ▇▇▇▇▇▇▇-▇▇▇▇▇ Squibb Company in support of Borrower's long term lease obligations (the "BMSC Letter of Credit") in the amount of Sixty-Nine Thousand Dollars ($69,000.00).
Subject to the terms and conditions of this Agreement, Bank hereby confirms that the BMSC Letter of Credit remains in full force and effect.
The amount of each draft paid by Bank under the BMSC Letter of Credit shall bear interest from the date such draft is paid by Bank to the date such amount is fully repaid by Borrower at the rate of interest set forth in the BMSC Letter of Credit Agreement.