Common use of Application Required Clause in Contracts

Application Required. If the Applicant wishes the Issuing Bank (on behalf of the Banks) to issue a Letter of Credit, it must make an Application and give it to the Agent not later than 10:00 a.m. London Time 4 Banking Days before the proposed Issuance Date. Each Application shall:

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Max Capital Group Ltd.), Facility Agreement (Max Capital Group Ltd.)

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Application Required. If the Applicant wishes the Issuing Bank (on behalf of the Banks) to issue or amend a Letter of Credit, it must make an Application and give it to the Agent not later than 10:00 a.m. London Time 4 Banking Days before the proposed Issuance Date. Each Application shall:

Appears in 1 contract

Samples: Agreement (ALTERRA CAPITAL HOLDINGS LTD)

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