Drafts definition
Drafts means drafts, bills of exchange, receipts, acceptances, demands and other requests for payment drawn or issued under a Letter of Credit.
Drafts means any documentary draft drawn under and conditioned upon presentation of documents required by the Credit, including but not limited to such drafts accepted by the Issuer.
Drafts means, at any time, either a depository ▇▇▇▇ within the meaning of the DBNA or a ▇▇▇▇▇ ▇▇▇▇ of exchange, within the meaning of the Bills of Exchange Act (Canada), drawn by the Canadian Borrower on a Canadian Lender and bearing such distinguishing letters and numbers as such Canadian Lender may determine, but which at such time, except as otherwise provided herein, has not been completed or accepted by such Canadian Lender.
Examples of Drafts in a sentence
The Borrower covenants that it will not take any steps, issue any instructions to the Operating Lender, the Agent, any Lender or any of their respective officers, directors, agents, employees or correspondents or institute any proceedings intended to derogate from the right or ability of the Operating Lender, the Agent, any Lender or their respective officers, directors, agents, employees or correspondents to honour and pay any Letter of Credit or any Drafts.
More Definitions of Drafts
Drafts means documentary evidence of Credit Card sales deposited by Merchants with Seller.
Drafts means any draft drawn under or presentment or demand made for payment on any Credit.
Drafts has the meaning ascribed to such term in Section 2.04(b).
Drafts means the rough sketch of a communication to be issued subject to approval (including modification/alteration) of the competent authority.
Drafts means all artwork and writings including but not limited to concepts, preliminary designs, sketches, visual presentations and other documents developed by EoW which may or may not have been shown to the Client and which are not Final ArtWork.
Drafts means a commercial draft of a Lender in substantially the form of Part 3 of this Schedule D made by the Borrower in accordance with the provisions of this Schedule D of the Agreement;
Drafts as defined in subsection 5.1.