Common use of Dollar Option Clause in Contracts

Dollar Option. The Account Party may, in a Utilisation Request, request that such Letter of Credit be denominated in dollars in which event such Letter of Credit shall be denominated in dollars.

Appears in 5 contracts

Samples: Exhibit Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)

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