Honor Date

Example Definitions of "Honor Date"
Honor Date. Means the date the Issuing Bank notifies the Borrower of any payment by the Issuing Bank of a drawing under any Existing Letter of Credit to the beneficiary thereof; provided that if such notice is received after 11:00 a.m. Eastern time on a given date, or is received on a day that is not a Business Day, the "Honor Date" shall be the next succeeding Business Day.
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