Acceptance Credit definition

Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft.
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Acceptance Credit means the collective reference to U.S. Acceptance Credits and Canadian Acceptance Credits.
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Acceptance Credit means a commercial letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a timedraft.
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Examples of Acceptance Credit in a sentence

  • Acceptance Credit – An acceptance credit stipulates that the beneficiary must draws a bill of exchange for a particular tenor e.g. 60, 90 or 120 or 180 days sight and that the draft will be accepted by one of the following parties e.g.: (i) The applicant (ii) The advising bank (iii) The negotiating bank.

  • A Deferred Payment Credit is similar to Acceptance Credit, except that there is no bill of exchange or draft drawn and is payable on certain future date, subject to submission of credit confirmed documents.

  • Under the Acceptance Credit, the bill of exchange or drafts are drawn with certain Usance period and are payable upon acceptance, at a future date, subject to receipt of documents conforming to the terms and condition of the LC.22.

  • Acceptance Credit A documentary credit, which requires, amongst the documentsstipulated, provision of a term bill of exchange.

  • Such letters of credit under which usance bills can be drawn is an Acceptance Credit or Time Credit.• Revocable Credit: A revocable LC is a credit that can be amended / cancelled by the issuing bank without prior notice to the beneficiary.

  • Chrysler Financial Chrysler Service Contracts CitiFinancial Auto Compli CoverEdge Worldwide Credit Acceptance Credit Union Direct Lending Daimler Financial Services Dealer Marketing Services / ProMax Dealer Synergy Dealership for Life DealerLink DealerTrack Dent Wizard International Dimension Service Corp.

  • General information about the special inspections and testing company’s experience and capabilities.

  • The documents establish that Yang’s defaulted account was first purchased from Chase Bank by Global Acceptance Credit Company, LP and then purchased from Global Acceptance Credit Company by Central Prairie.

  • Acceptance Credit/ Time Credit – The Bills of Exchange which are drawn, payable after a period, are called usance bills.

  • An analysis of life-cycle costs and duration of project construction.


More Definitions of Acceptance Credit

Acceptance Credit means the collective reference to U.S. Acceptance Credits and Canadian Acceptance Credits. “Acceptance Documents” shall mean such general acceptance agreements, applications, certificates and other documents as theapplicable Issuing Bank may require in connection with the creation of Bankers’ Acceptances.
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Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft 1 1.02 Other Interpretive Provisions 28 1.03 Accounting Terms 29 1.04 Rounding 29 1.05 Exchange Rates; Currency Equivalents 29 1.06 Additional Alternative Currencies 30 1.07 Change of Currency 31 1.08 Times of Day 31 1.09 Letter of Credit Amounts 31 1.10 Accounting for Acquisitions and Divestures 31
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Acceptance Credit means a commercial Letter of Credit in which the L/C Issuer engages with the beneficiary of such Letter of Credit to accept a time draft. “Acceptance Documents” means such general acceptance agreements, applications, certificates and other documents as the L/C Issuer may require in connection with the creation of L/C Issued BAs. “Acquisition” or “Acquire” means the acquisition of (a) 50% or more of the voting or economic Equity Interests of another Person (including the purchase of an option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such Equity Interest or upon exercise of an option or warrant for, or conversion of securities into, such Equity Interest, or (b) assets of another Person which constitute all or any material part of the assets of such Person or of a line or lines of business conducted by such Person. “Act” has the meaning specified in Section 10.18. “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02 with respect to such
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Acceptance Credit means a commercial Letter of Credit in which the applicable Issuing Lender engages with the beneficiary of such Letter of Credit to accept a time draft. “Administrative Agent” means JPMorgan Chase Bank, N.A. in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agents” means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement. “Aggregate Exposure” means with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) such Lender’s Delayed Draw Term Commitment, or, if after the Delayed Draw Term Loan Borrowing Date, the aggregate then unpaid principal amount of such Lender’s Delayed Draw Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding. “Aggregate Exposure Percentage” means with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. “Agreement” means this Credit Agreement.
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Acceptance Credit means a commercial Letter of Credit in which the applicable Issuing Lender engages with the beneficiary of such Letter of Credit to accept a time draft. “Acquisition Agreement” means the Agreement and Plan of Merger dated as of November 30, 2016, among the Company, KoneCranes Plc, Hyvinkaa, Finland, a public limited company incorporated under Finnish Law and the other parties thereto. “Acquisition Agreement Representations” means the representations (if any) made by or on behalf of the XXXXX XX Companies in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Company (or any of its Affiliates) has the right in accordance with the terms of the Acquisition Agreement (taking into account applicable cure provisions) to terminate its obligations under the Acquisition Agreement or to decline to consummate the Specified Acquisition, in each case, as a result of a breach of such representations in the Acquisition Agreement. “Administrative Agent” means JPMorgan Chase Bank, N.A. in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agents” means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement. “Aggregate Exposure” means with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.
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Related to Acceptance Credit

  • Acceptance Day shall have the meaning specified in paragraph 2B(5).

  • XXXX Acceptance Form means the “Acceptance Form for End User License Agreement (for SAP On Premise indirect sales)” which will be provided by SAP on a deal by deal basis.

  • Acceptance period, as used in this provision, means the number of calendar days available to the PHA/IHA for awarding a contract from the date specified in this solicitation for receipt of bids.

  • Acceptance Form means the form provided by the School for parents to complete when accepting a place for their child at the School;

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.

  • Bankers’ Acceptance means a time draft or xxxx of exchange or other deferred payment obligation relating to a Commercial Letter of Credit which has been accepted by the L/C Issuer.

  • Acceptance Fee means a fee payable in Canadian Dollars by the Canadian Borrower to the Administrative Agent for the account of a Canadian Lender with respect to the acceptance of a B/A or the making of a B/A Equivalent Loan on the date of such acceptance or loan, calculated on the face amount of the B/A or the B/A Equivalent Loan at the rate per annum applicable on such date as set forth in the row labeled “Fixed Rate Spread” in the definition of the term “Applicable Percentage” on the basis of the number of days in the applicable Contract Period (including the date of acceptance and excluding the date of maturity) and a year of 365 days (it being agreed that the rate per annum applicable to any B/A Equivalent Loan is equivalent to the rate per annum otherwise applicable to the Bankers’ Acceptance which has been replaced by the making of such B/A Equivalent Loan pursuant to Section 2.24).

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Confirmation of Acceptance shall have the meaning specified in paragraph 2B(5).

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Commitment and Acceptance is defined in Section 2.18(b).

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Request for Extension of Credit means, unless otherwise specified herein, with respect to a Borrowing, Conversion or Continuation of Loans, a written request substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent and the Borrower (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Acceptance Letter means the letter from Adviser to BD pursuant to which the Adviser appoints BD as a Broker Dealer for each series of MuniPreferred issued by any Fund that has executed a Request Letter.

  • Final completion and acceptance means the stage in the progress of the work as determined by the Contracting Officer and confirmed in writing to the Contractor, at which all work required under the contract has been completed in a satisfactory manner, subject to the discovery of defects after final completion, and except for items specifically excluded in the notice of final acceptance.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Specific contract participation goals means the goals as stipulated in the Preferential Procurement Regulations, 2001. In addition to above-mentioned goals, the Regulations [12. (1)] also make provision for organs of State to give particular consideration to procuring locally manufactured products.

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Acceptance and Prepayment Notice means a notice of the Borrower’s acceptance of the Acceptable Discount in substantially the form of Exhibit M.