Common use of Applicability of UCP Clause in Contracts

Applicability of UCP. Unless otherwise expressly agreed by the Issuing Lender and Company when a Letter of Credit is issued, the rules of the Uniform Customs and Practice for Documentary Credits (UCP 500) (the “UCP”), as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each Letter of Credit.

Applicability of UCP. Unless otherwise expressly agreed by the Issuing Lender and Company when a Letter of Credit is issued, the rules of the Uniform Customs and Practice for Documentary Credits (UCP 500) (the “"UCP”"), as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each Letter of Credit.

Applicability of UCP. Unless otherwise expressly agreed by the Issuing Lender and Company the Borrower when a Letter of Credit is issued, the rules of the Uniform Customs and Practice for Documentary Credits (UCP 500) (the “UCP”), as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each Letter of Credit.

Applicability of UCP. Unless otherwise expressly agreed by the Issuing Lender and Company when When a Letter of Credit is issuedissued (including any such agreement applicable to an Existing Letter of Credit), at the option of the Issuing Bank, the rules of the Uniform Customs and Practice for Documentary Credits (UCP 500) (the “UCP”)Credits, as most recently published by the International Chamber of Commerce (the “ICC”) at the time of issuance or the International Standby Practices 1998 published by the Institute of International Bank and Practice (or such later version thereof as may be in effect at the time of issuance, ) shall apply to each Letter of Credit.