{"component": "definition", "props": {"groups": [{"snippet": "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.", "snippet_links": [{"key": "letters-of-credit", "type": "definition", "offset": [12, 29]}, {"key": "subject-to-the", "type": "definition", "offset": [30, 44]}, {"key": "by-lender", "type": "definition", "offset": [102, 111]}, {"key": "on-behalf-of", "type": "clause", "offset": [112, 124]}, {"key": "loan-facility", "type": "definition", "offset": [142, 155]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [156, 174]}, {"key": "in-connection-with", "type": "clause", "offset": [201, 219]}, {"key": "purchase-of-goods-or-services", "type": "clause", "offset": [231, 260]}, {"key": "the-supplier", 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true}, {"hash": "dbbaWiKJm1C", "uri": "/contracts/dbbaWiKJm1C#commercial-letters-of-credit", "label": "Credit Agreement (Ethan Allen Interiors Inc)", "score": 25.8049281314, "published": true}, {"hash": "bjoPkOAmREA", "uri": "/contracts/bjoPkOAmREA#commercial-letters-of-credit", "label": "Credit Agreement (Lifetime Brands, Inc)", "score": 25.0438056126, "published": true}], "hash": "e3a654c6876a238e5f44e467b3cc8295", "id": 3}, {"snippet": "means a Letter of Credit which is intended at the time of Issuance to be drawn upon for the purchase of Product.", "snippet_links": [{"key": "a-letter-of-credit", "type": "definition", "offset": [6, 24]}, {"key": "time-of-issuance", "type": "clause", "offset": [50, 66]}, {"key": "purchase-of-product", "type": "clause", "offset": [92, 111]}], "size": 10, "samples": [{"hash": "hfxVoE1I7Cq", "uri": "/contracts/hfxVoE1I7Cq#commercial-letters-of-credit", "label": "Credit Agreement (Black Hills Corp /Sd/)", "score": 21.0, "published": true}, {"hash": 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supplied to Borrowers, or any of them.", "snippet_links": [{"key": "letters-of-credit", "type": "definition", "offset": [18, 35]}, {"key": "issued-by", "type": "clause", "offset": [36, 45]}, {"key": "pursuant-to-section", "type": "clause", "offset": [57, 76]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [107, 125]}, {"key": "payment-for-goods", "type": "definition", "offset": [135, 152]}, {"key": "equipment-supplied", "type": "clause", "offset": [156, 174]}], "size": 7, "samples": [{"hash": "94Fs1hVRXFa", "uri": "/contracts/94Fs1hVRXFa#commercial-letters-of-credit", "label": "Credit Agreement (St Louis Gaming Co)", "score": 18.0, "published": true}], "hash": "b6cc90998a711e94a56c748a94e4162a", "id": 7}, {"snippet": "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.", "snippet_links": [{"key": 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"CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIlY29tbWVyY2lhbC1sZXR0ZXJzLW9mLWNyZWRpdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Commercial Letters of Credit", "snippet": "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.", "size": 201, "id": "commercial-letters-of-credit", "examples": ["In the case of <strong>Commercial Letters of Credit</strong>, in the event that Issuing Lender is other than Administrative Agent, such Issuing Lender will send by facsimile transmission to Administrative Agent, promptly upon the first Business Day of each week, a report of its daily aggregate maximum amount available for drawing under <strong>Commercial Letters of Credit</strong> for the previous week.", "All Letter of Credit Fees and fronting fees shall be computed on the basis of a year of 360 days and actual days elapsed and shall be payable in arrears on each Payment Date following issuance of each Letter of Credit; provided, however, that fronting fees on <strong>Commercial Letters of Credit</strong> shall be payable at the time of issuance.", "Notwithstanding anything to the contrary contained in this Agreement, no Issuing Bank shall be required to issue <strong>Commercial Letters of Credit</strong> without its consent.", "In the event that the Facing Agent is other than the Administrative Agent, such Facing Agent will send by facsimile transmission to the Administrative Agent, promptly on the first Business Day of each week its daily maximum Dollar Equivalent amount available to be drawn under the <strong>Commercial Letters of Credit</strong> issued by such Facing Agent for the previous week.", "Unless otherwise specified, all Standby Letters of Credit and <strong>Commercial Letters of Credit</strong> will be governed by the \u201cUniform Customs and Practice for Documentary Credits\u201d and all Bank Guarantees will be governed by the \u201cUniform Rules for Demand Guarantees\u201d, in each case as issued by the International Chamber of Commerce and as in effect on the date of issuance of such Letter of Credit.", "Whenever Company desires the issuance of a Letter of Credit, it shall deliver to Administrative Agent a Request for Issuance no later than 12:00 Noon (New York City time) at least three Business Days (in the case of Standby Letters of Credit) or five Business Days (in the case of <strong>Commercial Letters of Credit</strong>), or in each case such shorter period as may be agreed to by the Issuing Lender in any particular instance, in advance of the proposed date of issuance.", "Each Issuing Lender (other than Administrative Agent) with respect to any Commercial Letter of Credit shall deliver to Administrative Agent, by telefacsimile transmission on the first Business Day of each week, a report setting forth the daily aggregate amount available for drawing during the immediately preceding week under all outstanding <strong>Commercial Letters of Credit</strong> issued by such Issuing Lender.", "Within 15 days after the end of each calendar month ending after the Closing Date, so long as any Commercial Letter of Credit shall have been outstanding during such calendar month, Administrative Agent shall deliver to each Lender a report setting forth for such calendar month the daily aggregate amount available to be drawn under all <strong>Commercial Letters of Credit</strong> that were outstanding during such calendar month.", "With regard to <strong>Commercial Letters of Credit</strong>, each Issuing Bank shall on the first Business Day of each week provide the Administrative Agent, by facsimile, with a report detailing the aggregate daily outstanding <strong>Commercial Letters of Credit</strong> during the previous week.", "Whenever Company desires the issuance of a Letter of Credit, it shall deliver to Administrative Agent a Request for Issuance no later than 1:00 P.M. (New York City time) at least three Business Days (in the case of Standby Letters of Credit) or five Business Days (in the case of <strong>Commercial Letters of Credit</strong>), or in each case such shorter period as may be agreed to by the Issuing Lender in any particular instance, in advance of the proposed date of issuance."], "related": [["trade-letters-of-credit", "Trade Letters of Credit", "Trade Letters of Credit"], ["existing-letters-of-credit", "Existing Letters of Credit", "Existing Letters of Credit"], ["letters-of-credit", "Letters of Credit", "Letters of Credit"], ["commercial-letter-of-credit", "Commercial Letter of Credit", "Commercial Letter of Credit"], ["dollar-letters-of-credit", "Dollar Letters of Credit", "Dollar Letters of Credit"]], "related_snippets": [], "updated": "2025-07-06T21:58:41+00:00"}, "json": true, "cursor": ""}}