Common use of Conditions Precedent and Conditions Subsequent to Issuance of the Letter of Credit Clause in Contracts

Conditions Precedent and Conditions Subsequent to Issuance of the Letter of Credit. (a) Conditions Precedent to Issuance of the Letter of Credit. The obligation of the Bank to issue the Letter of Credit shall be subject to the fulfillment of each of the following conditions precedent on or before the Issuance Date in a manner satisfactory to the Bank and its counsel:

Appears in 3 contracts

Samples: Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement

AutoNDA by SimpleDocs

Conditions Precedent and Conditions Subsequent to Issuance of the Letter of Credit. (a) Conditions Precedent to Issuance of the Letter of Credit. The obligation of the Bank to issue the Letter of Credit shall be subject to the fulfillment of each of the following conditions precedent on or before the Issuance Date in a manner satisfactory to the Bank and its counsel:

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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