Common use of Applicability of ISP98 (ICC Publication No Clause in Contracts

Applicability of ISP98 (ICC Publication No. Unless otherwise expressly agreed by an Issuing Bank and a Borrower when a Letter of Credit is issued or except as otherwise specifically provided in respect of an Existing Letter of Credit or an Added Letter of Credit, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

AutoNDA by SimpleDocs

Applicability of ISP98 (ICC Publication No. 590). Unless otherwise expressly agreed by an the applicable Issuing Bank and a the Borrower when a Letter of Credit is issued or except as otherwise specifically provided in respect of an Existing Letter of Credit or an Added Letter of Creditissued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Landrys Restaurants Inc), First Lien Credit Agreement (Landrys Restaurants Inc)

Applicability of ISP98 (ICC Publication No. Unless otherwise expressly agreed by an Issuing Bank and a Borrower when a Letter of Credit is issued or except as otherwise specifically provided in respect of an Existing the Additional Letter of Credit or an Added Letter of Credit, the rules of the "International Standby Practices 1998" published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Northwest Pipeline Corp)

Applicability of ISP98 (ICC Publication No. Unless otherwise expressly agreed by an Issuing Bank and a Borrower when a Letter of Credit is issued or except as otherwise specifically provided in respect of an Existing the Additional Letter of Credit or an Added Letter of Credit, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

AutoNDA by SimpleDocs

Applicability of ISP98 (ICC Publication No. Unless otherwise expressly agreed by an Issuing Bank and a Borrower when a Letter of Credit is issued or except as otherwise specifically provided in respect of an Existing Letter of Credit or an Added Letter of Credit, the rules of the "International Standby Practices 1998" published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!