Common use of Form and Expiration of Letters of Credit Clause in Contracts

Form and Expiration of Letters of Credit. Each Letter of Credit issued under this Section 2.4 and each draft accepted or paid under such a Letter of Credit will be issued, accepted or paid, as the case may be, by the applicable Issuing Bank at its principal office. No Letter of Credit will provide for the payment of drafts drawn thereunder (and no draft will be payable) at a date which is later than the Final Maturity Date. Each Letter of Credit and each draft accepted under a Letter of Credit will be in such form and minimum amount, and will contain such terms, as the applicable Issuing Bank and the applicable Borrower may agree upon at the time such Letter of Credit is issued, including a requirement of not less than three Banking Days after presentation of a draft before payment must be made thereunder.

Form and Expiration of Letters of Credit. Each Letter of Credit issued under this Section 2.4 and each draft accepted or paid under such a Letter of Credit will be issued, accepted or paid, as the case may be, by the applicable Issuing Bank at its principal office. No Letter of Credit will provide for the payment of drafts drawn thereunder (and no draft will be payable) at a date which is later than the Final Maturity Date. Each Letter of Credit and each draft accepted under a Letter of Credit will be in such form and minimum amount, and will contain such terms, as the applicable Issuing Bank and the applicable Borrower may agree upon at the time such Letter of Credit is issued, including a requirement of not less than three (3) Banking Days after presentation of a draft before payment must be made thereunder.

Form and Expiration of Letters of Credit. Each Letter of ---------------------------------------- Credit issued under this Section 2.4 2.3 and each draft accepted or paid under such a Letter of Credit will shall be issued, accepted or paid, as the case may be, by the applicable Issuing Bank Letter of Credit Issuer at its principal office. No Letter of Credit will shall provide for the payment of drafts drawn thereunder (thereunder, and no draft will shall be payable) , at a date which is later than the Final Maturity Date. Each Letter of Credit and each draft accepted under a Letter of Credit will shall be in such form and minimum amount, and will shall contain such terms, as the applicable Issuing Bank Letter of Credit Issuer and the applicable Borrower may agree upon at the time such Letter of Credit is issued, including a requirement of not less than three Banking Days after presentation of a draft before payment must be made thereunder.