ILOC

(redirected from Irrevocable letter of credit)
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ILOC

Rice U. Register-oriented intermediate language targeted to PC/RT. Source languages include Fortran and Russell.
References in periodicals archive ?
"It is unfortunate that they will not seek the bond or irrevocable letter of credit, that you had initially stated they were interested in seeking, when they have clearly raised close to $500,000 with which to pay the damage award," she wrote to Grey.
Quota will be allocated on first come first served basis by the SBP and export will be made against irrevocable letter of credit or a contract with 25 % nonrefundable advance payment.
ECC decided that export should be made against irrevocable letter of credit or a contract with 25% advance while Shipment should be made within 45 days of the registration of contract with the SBP.
These quotas would now be awarded on first come first basis to applicants who would establish irrevocable letter of credit with a shipment date within 60 days.
In exchange for MEMC's agreement to terminate the supply agreement, Suntech has agreed to pay MEMC $120 million, through the retention by MEMC of $53 million of cash deposited previously by Suntech under the supply agreement and currently held by MEMC, and a $67 million irrevocable letter of credit established by Suntech for the benefit of MEMC, to be drawn upon in four equal installments on July 8, 2011, October 1, 2011, January 1, 2012 and April 1, 2012.
On or before October 20 the LIA will escrow funds or establish an irrevocable letter of credit or bank guarantee arrangement for the purchase of Verenex at the time the definitive agreement is signed.
Under the terms of the amendment and waiver, the company will be able to fulfill its remaining equity contributions to CityCenter through the issuance of an irrevocable letter of credit in the amount of USD224 million.
This agreement stipulates that Nicattler is required to establish, in favor of Rodedawg, a 30% deposit and irrevocable letter of credit for the balance of each purchase order.
Capital may be an irrevocable letter of credit issued by a bank chartered by South Carolina or a member bank of the Federal Reserve System.
Options allow staff privileges to be conditioned upon either a showing of professional lability insurance coverage, an escrow account, or an irrevocable letter of credit. Alternatively, a physician can "opt out" of the requirements.
All sales are made on fob basis and by irrevocable letter of credit from first class international banks to the account of the finance ministry at the Central Bank of Yemen (CBY) in US dollars.