Common use of Demands under the Letter of Credit Clause in Contracts

Demands under the Letter of Credit. The Lessor will not make a demand under a Letter of Credit unless and until: 25.11.1 the Termination Sum has become due and payable (having regard to clause 27.4.1(a) for this purpose); and 25.11.2 the Termination Sum has not been paid in full on the due date for payment.