Credit instrument definition

Credit instrument means a letter of credit, surety bond, liquidity facility, insurance policy or comparable instrument furnished by a Credit Provider that is used by the Participant to meet all or a portion of any debt service reserve requirement securing the Bonds or any other bonds payable from the revenues of the Treatment Works, which bonds are on a parity with the Bonds.
Credit instrument means any agreement, oral or written, acknowledging an obligation to pay a sum or sums of money on demand, or at any future time or times;
Credit instrument means a writing which evidences a gaming debt owed to a person who holds a license at the time the debt is created, and includes any writing taken in consideration, consolidation, redemption or payment of a prior credit instrument.

Examples of Credit instrument in a sentence

  • Green Credit: Instrument for Brand Building of Commercial Banks in Vietnam.


More Definitions of Credit instrument

Credit instrument means any agreement, whether in writing or not, acknowledging an obligation to pay a sum or sums of money on demand or at any future time or times;
Credit instrument means, collectively, each Additional Credit Instrument for the corresponding Series of Additional Authority Notes.
Credit instrument means a [writing] record which
Credit instrument means a writing which evidences a gaming debt owed to a person
Credit instrument means a bill of exchange, cheque or promissory note;
Credit instrument shall have the meaning given to such term in Section 5.11 hereof.
Credit instrument means a writing that evidences a