Common use of Issue of Letters of Credit Clause in Contracts

Issue of Letters of Credit. If the conditions set out in this Agreement have been met, the relevant LC Issuing Bank shall issue the Letter of Credit on the Utilisation Date.

Issue of Letters of Credit. If the conditions set out in this Agreement agreement have been met, the relevant LC Issuing Bank shall issue the Letter of Credit on the Utilisation Date.

Issue of Letters of Credit. (A) If the conditions set out in this Agreement have been met, the relevant LC Issuing Bank shall issue the Letter of Credit on the Utilisation Date. (B) The relevant LC Issuing Bank will only be obliged to comply with paragraph (A) above if on the date of the Utilisation Request or Renewal or Extension Request and on the proposed Utilisation Date: