Letter of Credit Disbursement definition

Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.

Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

Letter of Credit Disbursement means a payment made by the L/C Issuer pursuant to a Letter of Credit.

Examples of Letter of Credit Disbursement in a sentence

• If the County Engineer is satisfied that such portion of the Improvements have been installed and completed in accordance with County Standards, she may cause the amount of the Letter of Credit, Disbursement Agreement, Cash Bond or Performance Bond to be reduced by such amount that she deems appropriate, so that the remaining amount of the Letter of Credit, Disbursement Agreement, Cash Bond or Performance Bond adequately insures the completion of the remaining site Improvements.

• Following the expiration of the Warranty Period, the full remaining balance which may be drawn under the Letter of Credit, Disbursement Agreement, Performance Bond or Cash Bond, will be released.

• Upon the acceptance of all site Improvements, all amounts up to 100% of the Cost of Construction PE Estimate which may be drawn under the Letter of Credit, Disbursement Agreement, Performance Bond or Cash Bond, will be released, leaving a remaining balance of 10% of the Cost of Construction PE Estimate as the warranty.

More Definitions of Letter of Credit Disbursement

Letter of Credit Disbursement means a payment or disbursement made by the Issuing Bank pursuant to a Letter of Credit.

Letter of Credit Disbursement means a payment made by an Issuing Lender pursuant to a Letter of Credit.

Letter of Credit Disbursement means a US Letter of Credit Disbursement or a Canadian Letter of Credit, Disbursement, as applicable.

Letter of Credit Disbursement has the meaning specified in Section 2.03(e)(ii).

Letter of Credit Disbursement means an amount equal to the sum of (a) the amount drawn under any Letter of Credit in connection with a Request plus (b) all reasonable and customary out-of-pocket charges and expenses that Seller may pay or incur relative to such Request that are chargeable to the Letter of Credit Customer under the related Reimbursement Agreement.

Letter of Credit Disbursement is defined in Section 2.6.2.

Letter of Credit Disbursement means a payment made by the Issuing Bank to the beneficiary of, and pursuant to, a Letter of Credit. “Letter of Credit Fees” means the fees payable in respect of Letters of Credit pursuant to Section 2.11(c).