Time Draft definition

Time Draft as defined in subsection 4.9.
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Time Draft. A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. TRAMP STEAMER: A ship not operating on regular routes or schedules. TRANSACTION STATEMENT: A document that delineates the terms and conditions agreed upon between the importer and exporter. TRANSFER To take merchandise with zone status from a zone for consumption, transportation, exportation, warehousing, cartage or lighter age, vessel supplies and equipment, admission to another zone, and like purposes. TRUST RECEIPT: Release of merchandise by a bank to a buyer in which the bank retains title to the merchandise. UNIQUE IDENTIFIER NUMBER (UIN): This inventory method controls merchandise in a zone by unique numbers and/or letters that identify merchandise admitted to a zone. USER: A person or firm using a zone for storage, handling or processing of merchandise.
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Time Draft means a draft drawn on the Issuing Bank pursuant to a commercial Letter of Credit, which draft is payable at a specified time in the future.
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Examples of Time Draft in a sentence

  • AT THE PRESENT TIME, DRAFT GUIDANCE DEFINES A VULNERABLE SETTING FOR A LANDFILL TO BE ONE WHERE THE TOT PER 100 FEET IS LESS THAN 100 YEARS.

  • ACCEPTANCE is a drawee's promise to pay either a TIME DRAFT or SIGHT DRAFT.

Related to Time Draft

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Facility LC Application is defined in Section 2.19.3.

  • Sales Draft means the paper form, whether electronically or manually imprinted, evidencing a sale Transaction.

  • Draft means a draft as defined in section 3104 or an item, other than an instrument, that is an order.

  • Shop Drawing means any and all drawings, diagrams, layouts, explanations, illustrations, manufacturer's drawings or other written or graphic materials which illustrate any portion of the construction work.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

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

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

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

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Letter of Acceptance (LOA) means the written notice issued by JMRC to the selected bidder(s) intimating the acceptance of selected bidder's Proposal for the award of Lease;

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

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

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • L/C Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Letter of Commitment means a letter obtained from the MBE and WBE’s by the Bidders. The Letter of Commitment is a signed letter(s), on company letterhead, from the minority and/or women certified business. It must be produced no later than 24 hours after the bid due date and time. This letter(s) shall state and will serve as acknowledgement from the minority and/or women certified business of their level of participation in this solicitation, the dollar amount of the commitment, the scope of service or product to be provided and the anticipated dates of utilization.

  • Letter of Credit Subfacility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the L/C Issuers’ Letter of Credit Sublimits at such time and (b) the Revolving Credit Facility at such time. The Letter of Credit Subfacility is part of, and not in addition to, the Revolving Credit Facility. On the Closing Date, the amount of the Letter of Credit Subfacility is $60,000,000.

  • U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.