Security Letter of Credit

Example Definitions of "Security Letter of Credit"
Security Letter of Credit. Means a letter of credit issued by Citicorp USA, Inc. naming Citibank as beneficiary to support the payment by the Applicant of the Obligations and otherwise in form and substance reasonably satisfactory to Citibank.
Security Letter of Credit. Means a Letter of Credit issued by Citicorp USA, Inc. naming Citibank as beneficiary to support the payment by the Applicant of the Obligations.
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