Completion of Letters of Credit. The Issuing Bank relating to any Letter of Credit is hereby authorised to issue such Letter of Credit pursuant to Clause 4.3 (Issue of Letters of Credit) by: (a) completing the issue date and Expiry Date of such Letter of Credit; and (b) executing and delivering such Letter of Credit to the relevant recipient on the Utilisation Date.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold)
Completion of Letters of Credit. The Issuing Bank relating to any Letter of Credit is hereby authorised to issue such Letter of Credit pursuant to Clause 4.3 (Issue of Letters of Credit) by:
(a) completing the issue date and Expiry Date of such Letter of Credit; and
(b) executing and delivering such Letter of Credit to the relevant recipient on the Utilisation Date.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold)
