Common use of Eligible Letter of Credit Clause in Contracts

Eligible Letter of Credit. An Eligible Letter of Credit must be: (i) irrevocable (except on 60 days prior written notice); (ii) drawn upon a recognized international bank acceptable to DiaSys; (iii) having payment terms by sight draft; and (iv) otherwise acceptable to DiaSys. SECTION 4 - WARRANTIES 4.1

Eligible Letter of Credit. An Eligible Letter of Credit must be: (i) irrevocable (except on 60 days prior written notice); (ii) drawn upon a recognized international bank acceptable to DiaSys; (iii) having payment terms by sight draft; and (iv) otherwise acceptable to DiaSys. SECTION 4 - WARRANTIES 4.1.