LC Beneficiary definition
LC Beneficiary means the account beneficiary under a Letter of Credit, or any assignee or transferee of such beneficiary with respect to the rights of such beneficiary under such Letter of Credit.
LC Beneficiary means each of U.S. Bank, National Association and America Express Travel Related Services Company, Inc.
LC Beneficiary. A third party accustomed to acting as Owner Participant in similar financings and having a tangible net worth of at least US$75 mm.
Examples of LC Beneficiary in a sentence
Borrower assumes all risks of the acts or omissions of any LC Beneficiary or transferees of any Letter of Credit with respect to the use of such Letter of Credit.
More Definitions of LC Beneficiary
LC Beneficiary means Deutsche Trustee Company Limited.
LC Beneficiary means the Charterer.
LC Beneficiary means the beneficiary of a Letter of Credit;
LC Beneficiary means the Charterer. ▇▇ ▇▇▇▇ Collateral Account means the dollar account of the Borrower opened or as the context may require, to be opened by the Borrower with the Offshore Account Bank, designated by the Offshore Account Bank to be the “PT HOEGH LNG LAMPUNG — ▇▇ ▇▇▇▇ Collateral Account” and includes any re-designation and each sub-account thereof. LC Contribution means, in relation to any LC Lender at any time, that Lender’s participation in the Letter of Credit or, as the case may be, the principal amount of the LC Loan owing to that LC Lender at that time.
LC Beneficiary has the meaning given in Section 4(f).