Define: Letter of Credit

What does "Letter of Credit" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (NVIDIA CORP, seen in 1 filing)

Letter of Credit means the original copy of a clean, irrevocable and unconditional letter of credit in the amount of One Hundred Thousand Dollars ($100,000) issued by a financial institution, and subject only to terms, acceptable to Sublessor.

Source: NVIDIA CORP S-1

Definition 2 (AppLovin Corp, seen in 1 filing)

Letter of Credit means a clean, unconditional, irrevocable, transferable, letter of credit in lieu of cash for the Security Deposit.

Source: AppLovin Corp S-1

Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 2
Keywords:
Letter of Creditdefinitioncontract languagelegal termSEC filing

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