LC Acceptance(s) definition
LC Acceptance(s) means acceptances that are created by an Issuing Bank pursuant to Commercial Letters of Credit.
Examples of LC Acceptance(s) in a sentence
On the first Business Day of each calendar month, the Issuing Bank shall provide to the US Administrative Agent a report listing all outstanding Letters of Credit and the outstanding amounts and beneficiaries thereof and the amount and maturities of any LC Acceptances and the US Administrative Agent shall promptly provide such report to each Revolving Lender.
On the first Business Day of each calendar month, the Issuing Bank shall provide to the Administrative Agents a report listing all outstanding Letters of Credit and the outstanding amounts and beneficiaries thereof and the amount and maturities of any LC Acceptances and the Administrative Agents shall promptly provide such report to each relevant Revolving Lender.