Sentences with phrase «letter of credit»

Apart from that, secure cryptocurrency storage methods and digital guarantees instead of letter of credits are being developed.

· Demand letters of credit from a prospective tenant.

We have introduced innovative products, like digital letters of credit for the shipping industry.

I am no expert on bank letters of credit but I do know that lines of credit can be used to purchase properties.

For your regular overseas buyers, you may not always need letters of credit.

Designed, installed, trained and supported the international based letter of credit software.

Customers with international business activities can even use their PCs to create and send letters of credit and to authorize international collections.

You will also need a bank letter of credit between $ 10,000 and $ 50,000 to secure the gas inventory.

International banks would no longer accept letters of credit issued by our banks except they were fully cash - backed, so we could not import «essential commodities».

The Supreme Court has dispensed with the unreasoned distinction for the situs of debts under letters of credit created by Power Curber International Ltd v National Bank of Kuwait SAK [1981] 1 WLR 1233 and issued third party debt orders notwithstanding the collateral contractual right of the CBI under the l / cs that payment would be made in a certain way.

In connection with Lease Amendment I, an amended letter of credit in the amount of $ 2.4 million was issued to the lessor.

As of December 31, Omega had approximately $ 21 million in contractual receivables outstanding, which is partially offset by $ 9.3 million letter of credit as well as significant personal guarantees.

A person that is damaged by a credit services organization's violation of this chapter may: (1) bring an action to recover the greater of two (2) times the amount of actual damages or one thousand dollars ($ 1,000) and attorney's fees; and (2) bring an action against the bond or irrevocable letter of credit required under section 8 of this chapter to recover an amount equal to the person's actual damages.

Issued letters of credit for 85 % of banking branches.

Variable Rate Demand Note Inventory and Remarketing PNC has a portfolio which approaches $ 8 billion and includes issues enhanced by letters of credit from investment grade commercial banks and insurance companies with bank liquidity facilities.

Kimia's finance background includes structured and project financing, note purchase agreements, letter of credit transactions and equity contribution agreements.

Legg Mason, SEI Investments and Sun Trust Banks have each secured letters of credit suggesting that they might be willing to lose money before investors in their cash funds do.

Garcia walks his clients through the entire process — from selecting the property to finding the right lender to obtaining letters of credit from their banks back home.

KeyBank N.A. provided the construction loan and construction letter of credit facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

FEMA in turn provides letters of credit on behalf of the private insurers to pay claims in excess of the premiums collected and also provides reinsurance.

In case of withdrawal due to medically certified illness, a Cooper Union Letter of Credit / Electronic Voucher will be issued upon receipt of physician's documentation.

Defended multiple cases involving virtually every aspect of UCC Articles 2, 3, 4, 4A and 5, including letter of credit disputes, check - kiting, Reg.

On letters of credit that are payable in U.S. dollars, the insured interest rate is generally prime rate minus 0.5 % or the rate stated in the credit agreement, whichever is less.

She has also represented lenders in their capacity as letter of credit providers in connection with credit enhancement with respect...

GUELPH, Ontario, Canada, November 15, 2017 — Recurrent Energy, LLC («Recurrent Energy»), a wholly owned subsidiary of Canadian Solar Inc. («Canadian Solar» or the «Company»)(NASDAQ: CSIQ), today announced it has closed on a combined construction loan and construction letter of credit facility for the 20 MWac / 28 MWp Gaskell West 1 solar power project.

RBC Transaction Banking has a leading market share among Canadian banks for export letters of credit coming into Canada, and is used by 80 per cent of the world's top 20 banks for standard settlement in CAD.

Trade finance disputes involving letters of credit, performance bonds, guarantees and other documentary credits

First, they should legislatively identify the status of cryptocurrencies, define such terms as «technology of distributed ledgers», «digital letters of credit», «digital mortgage», «cryptocurrency», «token», «smart contract».

In one recent case, he represented a bank whose $ 37.2 million letter of credit supported the financing of what was supposed to have been a state of the art biomass - fueled power plant.

Mr Yuan joined our firm in April of 2008, specializing in legal advisory services such as the review of contract for domestic and international sales of goods and dispute resolution, including dispute resolution for the guarantee, letter of credit cases in international financial settlement; international sales of goods cases in international trade.

The latter, which yields about $ 23 billion in revenue for banks across the globe, according to Bain, poses a chance for banks to switch from manual, expensive and error - ridden letters of credit to a more streamlined, secure and efficient distributed ledger.

The city has issued loans to organizations in the past, including the $ 1.5 million letter of credit awarded to the Carillon Foundation last year for the construction of a bell tower in downtown, said City Manager Peter Burchard.

Chase will act as the bond letter of credit provider and Red Stone Equity Partners LLC will act as tax credit investor.

The bilious purple lettering of the credits prepares us for Conrad Hall's photographic style through the first half or so of Smile: motion aside, everything appears as it might in a drugstore - developed roll of Kodacolor snapped on a picnic.

In May, the district received letters of credit from two local banks that would allow it to borrow enough money to keep the financially strapped schools open for the entire 1998 - 99 school year - temporarily avoiding the threatened takeover by the state.