Honor definition

Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, "honor" occurs:
Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit
Honor of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, "honor" occurs [(i)] (A) upon payment, [(ii)] (B) if the letter of credit provides for acceptance, upon acceptance of a draft and, at maturity, its payment, or [(iii)] (C) if the letter of credit provides for incurring a deferred obligation, upon incurring the obligation and, at maturity, its performance.

Examples of Honor in a sentence

  • If the Borrower fails to so reimburse such L/C Issuer on the Honor Date (or if any such reimbursement payment is required to be refunded to the Borrower for any reason), then the Administrative Agent shall promptly notify the applicable L/C Issuer and each Appropriate Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Appropriate Lender’s Applicable Percentage thereof.


More Definitions of Honor

Honor means, Congress specified that the exemption applies only if the AOD is “honored throughout the United States to block illegal deliveries of cigarettes . . . to consumers.” Id. at § 376a(e)(3)(B)(ii)(I) (emphasis added). Merely giving lip service to nationwide coverage of the AOD does nothing “to block deliveries.” Deliveries are blocked only if UPS complies with the AOD. By specifying that the exemption applies if the AOD is honored in such a way as to “block illegal deliveries of cigarettes . . . to consumers,” Congress clearly signaled that “honoring” the agreement involves compliance.
Honor of a letter of credit means performance of the issuer’s undertaking in
Honor of a letter of credit means performance
Honor. We honor God our Father, Xxxxx Xxxxxx our Savior, and the Holy Spirit. We honor our parents and family. We honor ourselves. Integrity: We treat others as called by the Gospel: with trust, respect, dignity, and forgiveness. Our integrity guides all our actions.
Honor refers to the signing Honor entity or entities.
Honor we", "our" or "us" means the signing entity determined in accordance with Clause 9 herein which provides services to You under the APIs Agreements.
Honor means to shoot for the trophy only, no cash prizes;