Sight Draft Definition | Law Insider

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

Facility LC Application is defined in Section 2.19.3.

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

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.

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

Bank Guarantee means Guarantee issued by a scheduled commercial bank in favour of NMRC Ltd.

Facility LC is defined in Section 2.19.1.

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 H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

Facility Letter of Credit means a Letter of Credit issued hereunder.

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

First draw sample means a one-liter sample of tap water, collected in accordance with 12VAC5-590-375 B 2, that has been standing in plumbing pipes at least six hours and is collected without flushing the tap.

Final Drawing has the meaning assigned to such term in Section 3.6(i).

As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

Documentary draft means a draft to be presented for acceptance or payment if specified documents, certificated securities as defined in section 8102 or instructions for uncertificated securities as defined in section 8102, or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft.

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

Evergreen Letter of Credit has the meaning specified in Section 2.14(b)(iii).

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

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.

U.S. Letter of Credit shall have the meaning assigned to such term in Section 2.18(a).

Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

Letter of concern means an advisory letter to notify a

Financial Letter of Credit means a Letter of Credit that is not a Performance Letter of Credit.