Common use of Law Governing Letter of Credit Clause in Contracts

Law Governing Letter of Credit. Any Letter of Credit issued hereunder shall be governed, as applicable, by the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce (“ICC”) Publication 500 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank or the International Standby Practices, ICC Publication No. 590 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank, except to the extent that the terms of such publication would limit or diminish rights granted to Bank hereunder or in any other Loan Document.

Appears in 4 contracts

Samples: Loan and Security Agreement (Primo Water Corp), Loan and Security Agreement (Impax Laboratories Inc), Loan and Security Agreement (Ic Isaacs & Co Inc)

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Law Governing Letter of Credit. Any Each Letter of Credit issued hereunder shall be governed, as applicable, by (i) the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce (“ICC”) ), Publication 500 500, or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank Lender or (ii) the International Standby Practices, ICC Publication No. 590 590, or any subsequent revision or restatement thereof adopted by the ICC and in use by BankLender, except to the extent that the terms of such publication would limit or diminish rights granted to Bank Lender hereunder or in any other Loan Document.

Appears in 4 contracts

Samples: Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Autoinfo Inc)

Law Governing Letter of Credit. Any Letter of Credit issued hereunder shall be governed, as applicable, by the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce ("ICC") Publication 500 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank or the International Standby Practices, ICC Publication No. 590 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank, except to the extent that the terms of such publication would limit or diminish rights granted to Bank hereunder or in any other Loan Document.

Appears in 2 contracts

Samples: Loan and Security Agreement (Innotrac Corp), Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

Law Governing Letter of Credit. Any Each Letter of Credit issued hereunder shall be governed, as applicable, by (i) the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce (“ICC”) ), Publication 500 600, or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank Lender or (ii) the International Standby Practices, ICC Publication No. 590 590, or any subsequent revision or restatement thereof adopted by the ICC and in use by BankLender, except to the extent that the terms of such publication would limit or diminish rights granted to Bank Lender hereunder or in any other Loan Document.

Appears in 1 contract

Samples: Loan Agreement (Sturm Ruger & Co Inc)

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Law Governing Letter of Credit. Any Letter of Credit issued hereunder shall be governed, as applicable, by the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce ("ICC") Publication 500 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank or the International Standby Practices, ICC Publication No. 590 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank, except to the extent that the terms of such publication would limit or diminish rights granted to Bank hereunder or in any other Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

Law Governing Letter of Credit. Any Letter of Credit issued hereunder shall be governed, as applicable, by the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce (“ICC”) Publication 500 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank or the International Standby Practices, ICC Publication No. 590 or any subsequent revision or restatement thereof adopted by the ICC and in use by Bank, except to the extent that the terms of such publication would could limit or diminish rights granted to Bank hereunder or in any other Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitacost.com, Inc.)

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