Common use of Irish Insurance Acts Clause in Contracts

Irish Insurance Acts. For the avoidance of doubt, the Issuing Bank shall not issue any Letter of Credit either (i) at the request of or for the account of any Person incorporated in Ireland or (ii) to any Person resident in Ireland, in each case where the Issuing Bank is not duly authorized to carry on the business of issuing contracts of suretyship in Ireland (or otherwise exempted under the laws of Ireland from the requirement to have any such authorization) or where the issuance of any such Letter of Credit by the Issuing Bank would otherwise contravene any law of Ireland.

Irish Insurance Acts. For the avoidance of doubt, the neither Issuing Bank shall not issue any Letter of Credit either (i) at the request of or for the account of any Person incorporated in Ireland or (ii) to any Person resident in Ireland, in each case where the applicable Issuing Bank is not duly authorized to carry on the business of issuing contracts of suretyship in Ireland (or otherwise exempted under the laws of Ireland from the requirement to have any such authorization) or where the issuance of any such Letter of Credit by the such Issuing Bank would otherwise contravene any law of Ireland.. UTi Worldwide Inc. Letter of Credit Agreement