Common use of BPDB Letter of Credit Clause in Contracts

BPDB Letter of Credit. (A) Within 25 (twenty five) Business Day after the Commercial Operations Date, BPDB shall cause Xxxxxx Bank or any other scheduled bank (the “Issuing Bank”) to issue and provide to the Company the BPDB Letter of Credit, which shall have an initial term which is not less than 1 (one) year and shall provide for annual renewal by the Issuing Bank immediately prior to each relevant expiry date for further period(s) of one year each until the last Day of the Term. Immediately upon each such renewal, the Issuing Bank shall confirm to BPDB that such renewal has occurred.

BPDB Letter of Credit. (A) Within 25 twenty five (twenty five25) Business Day after the Commercial Operations Date, BPDB shall cause Xxxxxx Bank or any other scheduled bank (the “Issuing Bank”) to issue and provide to the Company the BPDB Letter of Credit, which shall have an initial term which is not less than 1 one (one1) year and shall provide for annual renewal by the Issuing Bank immediately prior to each relevant expiry date for further period(s) of one year each until the last Day of the Term. Immediately upon each such renewal, the Issuing Bank shall confirm to BPDB that such renewal has occurred.

BPDB Letter of Credit. (A) Within 25 10 (twenty fiveten) Business Day after the Commercial Operations Date, BPDB shall cause Xxxxxx Bank or any other scheduled bank (the “Issuing Bank”) to issue and provide to the Company the BPDB Letter of Credit, which shall have an initial term which is not less than 1 one (one1) year and shall provide for annual renewal by the Issuing Bank immediately prior to each relevant expiry date for further period(s) of one year each until the last Day of the TermTerm . Immediately upon each such renewal, the Issuing Bank shall confirm to BPDB that such renewal has occurred.