Existing Letters Of Credit definition: Copy, customize, and use instantly
Introduction
The term "Existing Letters Of Credit" refers to letters of credit that have been issued and remain active or outstanding as of a specific date or under particular conditions. These are commonly used in financial or commercial agreements to ensure payment obligations are fulfilled. This term is essential for clarifying ongoing financial commitments, managing credit exposure, and defining terms in contracts involving trade or financing.
Below are various examples of how "Existing Letters Of Credit" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Existing Letters Of Credit" as outstanding credit instruments
This definition ties "Existing Letters Of Credit" to obligations still in effect.
"Existing Letters Of Credit" means any letters of credit that have been issued prior to the effective date of this agreement and remain outstanding and valid, subject to their original terms and conditions.
Definition of "Existing Letters Of Credit" as trade financing tools
This definition connects "Existing Letters Of Credit" to their role in facilitating trade.
"Existing Letters Of Credit" refers to any letters of credit issued by a financial institution to support trade transactions that remain active and have not yet been fully drawn, canceled, or expired.
Definition of "Existing Letters Of Credit" as collateralized obligations
This definition links "Existing Letters Of Credit" to secured obligations.
"Existing Letters Of Credit" means any outstanding letters of credit secured by collateral provided by the applicant and issued prior to the date specified in this agreement.
Definition of "Existing Letters Of Credit" as a refinancing subject
This definition applies "Existing Letters Of Credit" to refinancing arrangements.
"Existing Letters Of Credit" refers to letters of credit issued under prior agreements that are being refinanced, replaced, or amended as part of this contract or financial arrangement.
Definition of "Existing Letters Of Credit" as unexpired financial guarantees
This definition ties "Existing Letters Of Credit" to unexpired guarantees.
"Existing Letters Of Credit" means any letters of credit that were issued for the benefit of third parties and remain unexpired, valid, and enforceable as of the date of this agreement.
Definition of "Existing Letters Of Credit" as pre-existing obligations
This definition connects "Existing Letters Of Credit" to obligations issued before a specific agreement.
"Existing Letters Of Credit" refers to letters of credit issued prior to the execution of this agreement, which are subject to their existing terms and any modifications agreed upon herein.
Definition of "Existing Letters Of Credit" as part of credit facilities
This definition links "Existing Letters Of Credit" to credit facility agreements.
"Existing Letters Of Credit" means any letters of credit issued under a pre-existing credit facility that remain active and outstanding as of the date of this agreement.
Definition of "Existing Letters Of Credit" as conditional payment guarantees
This definition applies "Existing Letters Of Credit" to payment commitments.
"Existing Letters Of Credit" refers to letters of credit that guarantee conditional payments to beneficiaries and remain effective until all obligations under the letter of credit are satisfied.
Definition of "Existing Letters Of Credit" as import/export financial tools
This definition ties "Existing Letters Of Credit" to trade compliance.
"Existing Letters Of Credit" means any letters of credit issued in connection with import or export transactions that remain valid and active as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as rollover instruments
This definition connects "Existing Letters Of Credit" to renewal or extension mechanisms.
"Existing Letters Of Credit" refers to any letters of credit that have been rolled over, renewed, or extended and are still in force under their original or modified terms.
Definition of "Existing Letters Of Credit" as active financial guarantees
This definition ties "Existing Letters Of Credit" to their role as ongoing guarantees.
"Existing Letters Of Credit" means letters of credit issued prior to the effective date of this agreement that remain active and enforceable, ensuring payment obligations are fulfilled according to their terms.
Definition of "Existing Letters Of Credit" as bank-issued obligations
This definition connects "Existing Letters Of Credit" to their issuance by financial institutions.
"Existing Letters Of Credit" refers to letters of credit issued by banks or financial institutions that are still valid and have not expired, been canceled, or fully utilized as of the specified date.
Definition of "Existing Letters Of Credit" as prior contractual instruments
This definition links "Existing Letters Of Credit" to pre-existing contracts.
"Existing Letters Of Credit" means any letters of credit issued in connection with prior contractual agreements, which remain effective and subject to their original or amended terms.
Definition of "Existing Letters Of Credit" as contingent liabilities
This definition applies "Existing Letters Of Credit" to liabilities contingent on performance.
"Existing Letters Of Credit" refers to letters of credit representing contingent liabilities that remain active until the underlying obligations are fully satisfied or the letters are terminated.
Definition of "Existing Letters Of Credit" as performance bond substitutes
This definition ties "Existing Letters Of Credit" to project or performance guarantees.
"Existing Letters Of Credit" means letters of credit issued as a substitute for performance bonds, which remain valid and enforceable for ongoing projects or obligations as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as trade-related instruments
This definition connects "Existing Letters Of Credit" to trade transactions.
"Existing Letters Of Credit" refers to letters of credit issued to support trade transactions, including import and export operations, that have not expired or been fully drawn as of the specified date.
Definition of "Existing Letters Of Credit" as securitized commitments
This definition links "Existing Letters Of Credit" to secured credit arrangements.
"Existing Letters Of Credit" means any letters of credit secured by collateral or guarantees provided by the applicant, which remain outstanding and enforceable under the terms of the agreement.
Definition of "Existing Letters Of Credit" as expired but extended obligations
This definition applies "Existing Letters Of Credit" to extended validity.
"Existing Letters Of Credit" refers to letters of credit that have reached their initial expiration date but have been extended or renewed and remain enforceable as of the date of this agreement.
Definition of "Existing Letters Of Credit" as partial draw obligations
This definition ties "Existing Letters Of Credit" to partially utilized credit.
"Existing Letters Of Credit" means letters of credit that have been partially drawn but still have undrawn amounts available and remain valid and active under the terms of the issuing institution.
Definition of "Existing Letters Of Credit" as financial risk mitigators
This definition connects "Existing Letters Of Credit" to risk reduction.
"Existing Letters Of Credit" refers to letters of credit issued to mitigate financial risks for counterparties, which remain valid and enforceable to protect ongoing transactions or obligations.
Definition of "Existing Letters Of Credit" as cross-border instruments
This definition links "Existing Letters Of Credit" to international trade.
"Existing Letters Of Credit" means any letters of credit issued for cross-border transactions that remain active and binding as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as standby guarantees
This definition applies "Existing Letters Of Credit" to standby obligations.
"Existing Letters Of Credit" refers to standby letters of credit issued for specific purposes, such as securing obligations or payments, which remain effective until their terms are fully met or the agreements are terminated.
Definition of "Existing Letters Of Credit" as renewable credit instruments
This definition ties "Existing Letters Of Credit" to renewable financial arrangements.
"Existing Letters Of Credit" means any letters of credit issued prior to the effective date of this agreement that include provisions for automatic renewal or have been explicitly renewed and remain valid.
Definition of "Existing Letters Of Credit" as partially utilized facilities
This definition connects "Existing Letters Of Credit" to partially drawn credit limits.
"Existing Letters Of Credit" refers to letters of credit that have been issued and partially drawn upon, with remaining undrawn amounts still available under their original terms and conditions.
Definition of "Existing Letters Of Credit" as conditional payment guarantees
This definition links "Existing Letters Of Credit" to conditional financial commitments.
"Existing Letters Of Credit" means any letters of credit that serve as conditional guarantees of payment and remain active until the conditions specified in the credit terms are fulfilled or waived.
Definition of "Existing Letters Of Credit" as export financing tools
This definition applies "Existing Letters Of Credit" to export-related obligations.
"Existing Letters Of Credit" refers to letters of credit issued to finance export transactions that remain valid and enforceable until the related export obligations are fully discharged.
Definition of "Existing Letters Of Credit" as undrawn commitments
This definition ties "Existing Letters Of Credit" to credit commitments yet to be utilized.
"Existing Letters Of Credit" means letters of credit that have been issued but remain undrawn as of the effective date of this agreement, subject to the terms of their issuance.
Definition of "Existing Letters Of Credit" as collateral-backed obligations
This definition connects "Existing Letters Of Credit" to secured credit.
"Existing Letters Of Credit" refers to letters of credit issued with collateral backing provided by the applicant, which are still active and enforceable under the terms of the credit facility.
Definition of "Existing Letters Of Credit" as time-limited guarantees
This definition links "Existing Letters Of Credit" to their expiration timelines.
"Existing Letters Of Credit" means letters of credit issued before the date of this agreement, with defined expiration dates that have not yet been reached, ensuring they remain valid.
Definition of "Existing Letters Of Credit" as project-specific instruments
This definition applies "Existing Letters Of Credit" to ongoing projects.
"Existing Letters Of Credit" refers to letters of credit issued to support specific projects or contracts, which remain active until the project is completed or the underlying obligations are fulfilled.
Definition of "Existing Letters Of Credit" as supplier payment guarantees
This definition ties "Existing Letters Of Credit" to supply chain transactions.
"Existing Letters Of Credit" means any letters of credit issued to guarantee payments to suppliers that remain valid and enforceable as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as international trade guarantees
This definition connects "Existing Letters Of Credit" to cross-border obligations.
"Existing Letters Of Credit" refers to letters of credit issued for international trade transactions that remain active and binding under their terms as of the date specified in this agreement.
Definition of "Existing Letters Of Credit" as revolving credit instruments
This definition links "Existing Letters Of Credit" to revolving facilities.
"Existing Letters Of Credit" means letters of credit issued under a revolving credit facility that remain available for reissuance or additional draws as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as payment dispute reserves
This definition applies "Existing Letters Of Credit" to dispute resolution.
"Existing Letters Of Credit" refers to letters of credit issued to secure payments in disputed transactions, which remain valid until the resolution of the dispute or fulfillment of the terms.
Definition of "Existing Letters Of Credit" as active trade support instruments
This definition ties "Existing Letters Of Credit" to their role in supporting ongoing trade.
"Existing Letters Of Credit" means letters of credit issued before the effective date of this agreement, specifically to facilitate trade transactions, which remain active and enforceable.
Definition of "Existing Letters Of Credit" as security for performance obligations
This definition connects "Existing Letters Of Credit" to their role in guaranteeing performance.
"Existing Letters Of Credit" refers to any letters of credit issued as security for performance obligations under a contract, which remain valid and binding until the obligations are fulfilled.
Definition of "Existing Letters Of Credit" as bank-assigned obligations
This definition links "Existing Letters Of Credit" to responsibilities assigned by financial institutions.
"Existing Letters Of Credit" means any letters of credit issued by a bank or financial institution prior to the effective date of this agreement, which have not yet been drawn upon or canceled.
Definition of "Existing Letters Of Credit" as partially expired credits
This definition applies "Existing Letters Of Credit" to credits nearing or partially past expiration.
"Existing Letters Of Credit" refers to letters of credit that have reached partial expiration but still have valid portions or terms remaining, as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as pre-approved guarantees
This definition ties "Existing Letters Of Credit" to pre-approved instruments.
"Existing Letters Of Credit" means letters of credit that were pre-approved under prior agreements and remain enforceable under their original terms unless otherwise modified.
Definition of "Existing Letters Of Credit" as financial institution-backed instruments
This definition connects "Existing Letters Of Credit" to guarantees backed by banks.
"Existing Letters Of Credit" refers to letters of credit issued with the full backing of financial institutions, ensuring that all associated obligations remain valid and enforceable as of the effective date.
Definition of "Existing Letters Of Credit" as contingent liabilities for trade
This definition links "Existing Letters Of Credit" to trade-related contingent liabilities.
"Existing Letters Of Credit" means letters of credit issued to support trade-related obligations, which remain contingent until the specified conditions for payment are met.
Definition of "Existing Letters Of Credit" as rollover guarantees
This definition applies "Existing Letters Of Credit" to credits extended or rolled over.
"Existing Letters Of Credit" refers to letters of credit initially issued under prior agreements and subsequently rolled over or extended, which remain valid and active as of the agreement date.
Definition of "Existing Letters Of Credit" as cross-border payment assurances
This definition ties "Existing Letters Of Credit" to international payment guarantees.
"Existing Letters Of Credit" means letters of credit issued to guarantee cross-border payments, ensuring their enforceability until the underlying transactions are completed.
Definition of "Existing Letters Of Credit" as settlement assurance tools
This definition connects "Existing Letters Of Credit" to their role in securing settlements.
"Existing Letters Of Credit" refers to any letters of credit issued to secure settlement of obligations or disputes, which remain effective as of the specified date in the agreement.
Definition of "Existing Letters Of Credit" as contractual security measures
This definition links "Existing Letters Of Credit" to contractually required guarantees.
"Existing Letters Of Credit" means letters of credit issued as required under specific contractual agreements, which are still valid and enforceable as of the effective date of this agreement.
Definition of "Existing Letters Of Credit" as escrow-backed instruments
This definition applies "Existing Letters Of Credit" to escrow arrangements.
"Existing Letters Of Credit" refers to letters of credit issued with funds held in escrow, which remain enforceable until the escrow conditions are fulfilled or the obligations are discharged.
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