Glossary entry

English term or phrase:

draw a letter of credit

Lithuanian translation:

išrašyti akredityvą

Added to glossary by Leonardas
Jul 28, 2014 16:14
9 yrs ago
English term

draw a letter of credit

English to Lithuanian Law/Patents Construction / Civil Engineering Aircraft lease contract
If at any time prior to the Lease Term Expiry Date the bank issuing or confirming the Letter of Credit no longer has at least the Letter of Credit Bank Minimum Rating, then unless the Letter of Credit has been fully drawn Lessee shall within fourteen days of demand by lessor provide Lessor with a replacement Letter of Credit that complies with the requirements of this Section.
Unless the Letter of Credit is fully drawn, Lessor shall return the Letter of Credit to Lessee not later than 30 days after the date upon which the Aircraft is returned to Lessor in accordance with this Lease Agreement and all of the Secured Obligations which are then due and payable have been satisfied in full.
Proposed translations (Lithuanian)
4 išrašyti akredityvą
Change log

Jul 31, 2014 10:47: Leonardas Created KOG entry

Proposed translations

6 hrs
Selected

išrašyti akredityvą

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4 KudoZ points awarded for this answer. Comment: "Ačiū."
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