Documentary Credit definition

Documentary Credit means a letter of credit, bank guarantee, indemnity, performance bond or other documentary credit issued or to be issued by an L/C Bank pursuant to Clause 4.1 (Conditions to Utilisation).

Documentary Credit means a letter of credit, bank guarantee, indemnity, performance bond or other documentary credit issued to be issued by an L/C Bank pursuant to Clause 5 (Utilisation).

Documentary Credit means a “Documentary Credit” as defined in the Senior Facilities Agreement or such equivalent term in any Pari Passu Debt Document (if applicable).

Examples of Documentary Credit in a sentence

• This credit is subject to the Uniform Customs and Practice for Documentary Credit (2007 Revision), International Chamber of Commerce Publication Number 600.

• If HSBC confirms a Documentary Credit or SBLC on an undisclosed basis, the Customer shall not make a presentation in respect of the Documentary Credit or SBLC to any person other than HSBC and shall promptly provide to HSBC the original Documentary Credit or SBLC, any operative documents and any amendments issued by the relevant issuing bank.

• The presentation of any Documents under a Documentary Credit shall be deemed to be in compliance with the terms of the Documentary Credit if HSBC determines that they appear to be in order and, taken as a whole, conform with the requirements of the Documentary Credit.

• Notwithstanding any contrary instruction from the Customer, HSBC may reject any Claim which HSBC determines does not comply with the terms of the relevant Documentary Credit.

• HSBC may at any time amend or insert additional terms and conditions into a Documentary Credit as HSBC may consider appropriate, provided that any such amendment or additional terms and conditions shall not increase the Customer Liabilities in relation to such Documentary Credit.

More Definitions of Documentary Credit

Documentary Credit means a letter of credit (including a standby letter of credit) or a letter of guarantee issued or to be issued by the Swing Line Lender for the account of the Borrowers pursuant to Article 5 and denominated in Canadian Dollars or U.S. Dollars as may be requested by a Borrower and agreed to by the Swing Line Lender, as the same may be amended, supplemented, extended or restated from time to time.

Documentary Credit any letter of credit or bank guarantee issued pursuant to this Agreement.

Documentary Credit means a commercial letter of credit, standby letter of credit or letter of guarantee (each of which is a "TYPE" of Documentary Credit) issued or to be issued by the Lender for the account of the Borrower pursuant to Article 5.

Documentary Credit means an irrevocable documentary credit that is issued or confirmed, honoured or negotiated by the Bank at your request.

Documentary Credit means the documentary credit and/or standby letter of credit relating to international and domestic transactions.

Documentary Credit means any cheque, bill, bank guarantee, draft, letter of credit, order and/or any other document of whatever kind accepted by the banking industry as capable of transferring funds or providing security, and permitted by the Bank pursuant to the allianceonline Services.

Documentary Credit means any letter of credit, guarantee or bond issued or to be issued pursuant to Clause 5.4, in each case as varied from time to time.