SCTSC definition

SCTSC means, Standard Chartered Trade Services Corporation, a Delaware corporation, as purchaser under the SCTSC Purchase Agreements. "SCTSC PURCHASE AGREEMENTS" means, collectively, the Crude Oil Purchase Agreement and the Receivables Purchase Agreement.
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SCTSC means Standard Chartered Trade Services Corporation, a Delaware corporation.
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SCTSC means Standard Chartered Trade Services Corporation, a Delaware corporation and subsidiary of Standard Chartered Bank. SEC means the Securities and Exchange Commission. SECURED CLAIM means a Claim for which a Claimant asserts a valid, perfected, and enforceable Lien, not subject to avoidance or subordination under the Bankruptcy Code or applicable non-bankruptcy law, or a Claim for which a Claimant asserts a setoff under Bankruptcy Code section 553, but only to the extent of the value, determined in accordance with Bankruptcy Code section 506(a), of the Claimant's interest in the Debtors' interest in Estate Property or to the extent of the amount subject to such setoff, as the case may be, unless a timely election has been made under Bankruptcy Code section 1111(b)(2). SECURED TAX CLAIM means a Secured Claim for taxes held by a Governmental Unit, including cities, counties, school districts, and hospital districts, (i) entitled by statute to assess taxes based on the value or use of real and personal property and/or to obtain a Lien against such property to secure payment of such taxes; or (ii) entitled to obtain a Lien on property to secure payment of any tax claim specified in Bankruptcy Code section 507(a)(8). SENIOR NOTE CLAIM means an Unsecured Claim arising pursuant to the Senior Notes. SENIOR NOTE INDENTURE means that certain First Supplemental Indenture dated October 1, 1999, between the applicable Debtors, as issuers, and the Indenture Trustee concerning the issuance of the Senior Notes. SENIOR NOTES means the 11% Senior Notes due 2009 issued by EOTT Energy Partners, L.P. and EOTT Energy Finance Corp. pursuant to that First Supplemental Indenture, dated October 1, 1999. STANDARD CHARTERED BANK means Standard Chartered Bank plc, a banking institution organized and existing under the laws of England and Wales. SUBORDINATED UNIT means a subordinated unit interest in EOTT that entitles the holder thereof to participate in distribution and exercise the rights and privileges under the EOTT Partnership Agreement.
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Examples of SCTSC in a sentence

  • SCTSC shall, upon receipt of payment in full from the Seller, assign all of its rights, title and interest in the Goods and/or assign any evidence of debt from the Buyer relating to said transaction to the Seller and shall have no further liability or obligation with respect to the transaction.

  • If any such taxes, levies, imposts or duties are required to be withheld from any payments made hereunder, the amounts so payable shall be increased to the extent necessary to yield to SCTSC (after deduction of all such taxes, levies, imposts or duties) interest or any such other amounts as specified herein.

  • The Seller further agrees that it shall hold SCTSC harmless and indemnify SCTSC from any and all claims of the Buyer or any third party relating to any product liability and/or damage claim of any party or person arising from the non-performance of the Seller, from defects in the Goods or injury or loss arising from the Goods.

  • No amendment of any provision of this Agreement shall be effective unless it is in writing and is signed by the Seller and SCTSC.

  • Notwithstanding anything else contained herein, the termination of this Agreement shall not affect the rights or obligations of either party hereto with respect to any Qualified Receivable(s) purchased prior to the effective date of termination, unless SCTSC has not purchased the Qualified Receivable(s) from the Seller, in which case SCTSC may treat the purchase of said Qualified Receivable(s) as rescinded without further obligation or liability of SCTSC.

  • The Seller shall be fully liable for any claims, costs, fines, levies, duties, interests, fees and/or penalties arising out of the Buyer's failure to accept the Goods, provided, however, that the Seller shall reimburse SCTSC for any reasonable costs and fees SCTSC may incur relating to the Buyer's non-acceptance of the Goods and/or fees and costs incurred in attempting to seek payment from the Buyer.

  • The Seller acknowledges that SCTSC shall have no liability for any product liability claim from the Seller, the Buyer or any other person relating to or arising out of the Goods, including but not limited to claims relating to the performance (or nonperformance) of the Seller, the quality of the Goods supplied, the contents of any shipments and/or any damage or loss (economic or physical) suffered by the Buyer or any other person arising out of the Goods supplied.

  • A Business Day is defined as a day on which SCTSC and commercial banks are open for business in New York, New York.

  • Upon the occurrence of any of the foregoing circumstances or in the event of non-acceptance of the Goods by the Buyer for any reason (or for no reason), the Seller shall, upon demand, immediately return to SCTSC any monies received from SCTSC relating to said transaction, together with interest calculated at the rate of 3% per annum over the Bank's Reference Rate in effect from time to time, from the date of SCTSC's payment to the Seller to the date of SCTSC's receipt of full payment.

  • BROTHERS INC., as agent for the Term Lenders under the Lehm▇▇ ▇▇▇dit Agreement (as defined in the Letter of Credit Agreem▇▇▇) (the "TERM LENDER AGENT"), and (3) STANDARD CHARTERED TRADE SERVICES CORPORATION ("SCTSC").