Common use of Applicability of ISP and UCP; Limitation of Liability Clause in Contracts

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Darden Restaurants Inc), Credit Agreement (Darden Restaurants Inc), Revolving Credit Agreement (Darden Restaurants Inc)

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Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Borrower when a Letter of Credit is issued by such Issuing Bank, (including any such agreement applicable to an Existing Letter of Credit), i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer and the relevant Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Greif Inc), Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Borrower when a Letter of Credit is issued issued, (including any such agreement applicable to an Existing Letter of Credit), i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

Appears in 3 contracts

Samples: And Restatement Agreement (Chemours Co), Credit Agreement (Chemours Co), Credit Agreement (Chemours Co)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer and the relevant Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP or the UCP, as applicable, shall be stated therein to apply to each standby Letter of Credit, and (ii) the rules of the UCP shall be stated therein to apply to each commercial Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Greif, Inc), Credit Agreement (Greif Inc)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Banks and the Borrower when a Letter of Credit is issued issued, (including any such agreement applicable to an Existing Letter of Credit), i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit., and

Appears in 1 contract

Samples: Fourth Amendment (Science Applications International Corp)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable an L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit)issued, the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit.Credit (or UCP if required, subject to the applicable L/C Issuer’s

Appears in 1 contract

Samples: Credit Agreement (Apple Hospitality REIT, Inc.)

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Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit.. AMERICAS/2021298575.5

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Lender and the Borrower when a Letter of Credit is issued issued, (including any such agreement applicable to an Existing Letter of Credit), i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Exelon Generation Co LLC)

Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP or the UCP, as applicable, shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Gruma Sab De Cv)

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