Irrevocable letter of credit

Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary's approval.

Irrevocable Letter of Credit

A letter of credit that neither the bank granting it nor the letter holder (who is the buyer of some good) may cancel under any circumstances. This provides the seller with extra assurance that he/she will be paid on time and in the correct amount. Irrevocable letters of credit are most common in international commerce.

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The EITF concluded an uncollateralized, irrevocable letter of credit should not be considered a form of continuing involvement by the seller-lessee to preclude sale-leaseback accounting under Statement no.

Letters of credit for sale-leaseback transactions

The rating confirmation is in connection with the substitution of an irrevocable letter of credit (LOC) pursuant to the current Master Standby Note Purchase Agreement (MSNPA).

Fitch Confirms State of California CP at 'F1+'

Payment Terms: 100 Percent Against Irrevocable Letter Of Credit Negotiable In Case Of Imported Sources And 98 Percent Against Inspection Certificate And Receipted Challan And Balance 2 Percent Against Receipt Note In Case Of Indigenous Sources

Synthetic varnish wsy-285. specn. no. a0205. alt-1(rdso/2008/el/spec/0084 rev-0)

supplier, and also arranged transportation of the goods through to the customer in Brazil from whom they secured an Irrevocable Letter of Credit for payment of the debt due," said Ian Varley, CEO, Bibby International Trade Finance.

Bibby Financial Services Provides $1.7 Million Export Credit Facility to Electronics Manufacturer

22, 2009, the rating will be based on a substitute irrevocable letter of credit (LOC) issued by the TD Bank, NA, which will replace KeyBank as the provider of the LOC supporting the bonds.

Fitch Upgrades Dutchess Co. IDA, New York (Marist College Civic Facility), VRDBs 2008 to 'AA-/F1+'

The rating is based on the irrevocable letter of credit provided by Branch Banking and Trust Company.

Fitch Rates Merrill Lynch Term Tender Custodial Receipts, Series 2009-AA 'AA-/F1+'

The Respondent shall submit a bid bond, a certified or cashier s check, or an irrevocable letter of credit in favor of or made payable to IDOA in the amount of $100,000.

Risk-Based Managed Care Services for Medicaid Beneficiaries

5 million cash contribution from the authority and a $10 million irrevocable letter of credit from Fifth Third Bank that expires Nov.

Fitch Rates Toledo-Lucas County Port Authority (Ohio) Bond Fund Revs 'BBB+'; Outlook Stable

Each Bid must be accompanied by Bid security in the form of a certified check, bank check, irrevocable letter of credit, or Bid bond (on the form included with the Bidding Documents) for (10) percent of the Bid total.

Wastewater Treatment Plant Upgrade and Expansion

The rating on the notes is based on the support of an irrevocable letter of credit (the LOC) provided by State Street Bank and Trust Company.

Fitch Rates Milwaukee, Wisconsin's $125MM GO CP Notes 'F1+'

Wataire" or the "Company") (OTCBB:WTAR), is pleased to announce that it has received an irrevocable letter of credit for $201,250 from its distributor in Greece, Envirosource Hellas Ltd.

Wataire International Receives Sales Order From Greece Distributor

Check, or irrevocable Letter of Credit issued by a financial institution for ten percent (10%) of the Bid amount plus additive alternates