Common use of Letter of Credit Procedures Clause in Contracts

Letter of Credit Procedures. 16 2.3.1 L/C Applications.........................................16 2.3.2 Participation in Letters of Credit.......................16 2.3.3 Reimbursement Obligations................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 2.4

Letter of Credit Procedures. 16 2.3.1 L/C Applications.........................................16 2.3.2 Participation 47 2.7 Participations in Letters of Credit.......................16 2.3.3 Credit .................................. 48 2.8 Reimbursement Obligations................................17 2.3.4 Obligations ............................................ 49 2.9 Limitation on the Issuing Bank's Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 2.4.........................

Letter of Credit Procedures. 16 14 2.3.1 L/C Letter of Credit Applications.........................................16 ................................................14 2.3.2 Participation Participations in Letters of Credit.......................16 ..........................................15 2.3.3 Reimbursement Obligations................................17 ....................................................15 2.3.4 Limitation on Obligations of Issuing Banks...............17 Bank....................................15 2.3.5 Funding by Banks to Issuing Banks........................17 Bank.............................................15 2.4

Letter of Credit Procedures. 16 27 2.3.1 L/C Applications.........................................16 ............................................................. 28 2.3.2 Participation Participations in Letters of Credit.......................16 .......................................... 28 2.3.3 Reimbursement Obligations................................17 .................................................... 29 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 Lender......................................... 29 2.4

Letter of Credit Procedures. 16 2.3.1 L/C Applications............................................................................... 16 2.3.2 Participation in Letters of Credit.......................16 .................... 17 2.3.3 Reimbursement Obligations............................................................. 17 2.3.4 Limitation on Obligations of Issuing Banks...............17 ............ 18 2.3.5 Funding by Banks to Issuing Banks........................17 ..................... 18 2.4

Letter of Credit Procedures. 16 21 2.3.1 L/C Applications.........................................16 ........................................................................ 21 2.3.2 Participation Participations in Letters of Credit.......................16 ..................................................... 22 2.3.3 Reimbursement Obligations................................17 ............................................................... 22 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lender............................................. 22 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 Lender.................................................... 22 2.3.6 Participation Obligations Unconditional................................................. 23 2.4

Letter of Credit Procedures. 16 2.3.1 L/C Applications...............................................................................16 2.3.2 Participation in Letters of Credit.......................16 ....................17 2.3.3 Reimbursement Obligations.............................................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 ............18 2.3.5 Funding by Banks to Issuing Banks........................17 .....................18 2.4

Letter of Credit Procedures. 16 13 2.3.1 L/C Applications.........................................16 Letter of Credit Applications ............................................ 13 2.3.2 Participation in Letters of Credit.......................16 Reimbursement Obligations ................................................ 13 2.3.3 Reimbursement Obligations................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 Bank ........................................ 14 2.4

Letter of Credit Procedures. 16 28 2.3.1 L/C Applications.........................................16 ........................................28 2.3.2 Participation Participations in Letters of Credit.......................16 .....................28 2.3.3 Reimbursement Obligations................................17 ...............................29 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lender.............29 2.3.5 Funding by Banks Revolving Lenders to Issuing Banks........................17 Lender..........30 2.3.6 Prior Letters of Credit.................................30 2.4

Letter of Credit Procedures. 16 21 2.3.1 L/C Applications.........................................16 ..............................................................................21 2.3.2 Participation Participations in Letters of Credit.......................16 ...........................................................21 2.3.3 Reimbursement Obligations................................17 .....................................................................21 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lenders..................................................22 2.3.5 Funding by Banks Revolving Lenders to Issuing Banks........................17 Lenders...............................................22 2.3.6 Applicability of ISP and UCP..................................................................23 2.4

Letter of Credit Procedures. 16 20 2.3.1 L/C Applications.........................................16 Applications ............................................ 20 2.3.2 Participation Participations in Letters of Credit.......................16 Credit ......................... 21 2.3.3 Reimbursement Obligations................................17 Obligations ................................... 21 2.3.4 Limitation on Obligations of Issuing Banks...............17 Bank ................... 22 2.3.5 Funding by Banks to Issuing Banks........................17 2.4Bank ............................ 23 2.4 Commitments Several .............................................. 23 2.5 Certain Conditions ............................................... 23

Letter of Credit Procedures. 16 19 2.3.1 L/C Applications.........................................16 ................................19 2.3.2 Participation Participations in Letters of Credit.......................16 .............20 2.3.3 Reimbursement Obligations................................17 .......................20 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 2.4Bank....

Letter of Credit Procedures. 16 13 2.3.1 L/C Applications.........................................16 ......................................13 2.3.2 Participation in Letters of Credit.......................16 ....................14 2.3.3 Reimbursement Obligations................................17 .............................14 2.3.4 Limitation on Obligations of Issuing Banks...............17 BofA's Obligations......................14 2.3.5 Funding by Banks to Issuing Banks........................17 BofA..............................14 2.3.6 Repayment of Participations...........................15 2.4

Letter of Credit Procedures. 16 24 2.3.1 L/C Applications.........................................16 ....................................................................24 2.3.2 Participation Participations in Letters of Credit.......................16 .................................................24 2.3.3 Reimbursement Obligations................................17 ...........................................................25 2.3.4 Limitation on Obligations of Issuing Banks...............17 ..........................................25 2.3.5 Funding by Banks to Issuing Banks........................17 ...................................................25 2.4

Letter of Credit Procedures. 16 14 2.3.1 L/C Applications.........................................16 ...........................................14 2.3.2 Participation in Letters of Credit.......................16 .........................14 2.3.3 Reimbursement Obligations................................17 ..................................15 2.3.4 Limitation on Obligations of Issuing Banks...............17 BofA's Obligations...........................15 2.3.5 Funding by Banks to Issuing Banks........................17 BofA...................................15 2.4

Letter of Credit Procedures. 16 20 2.3.1 L/C Applications.........................................16 ..................................20 2.3.2 Participation Participations in Letters of Credit.......................16 ...............20 2.3.3 Reimbursement Obligations................................17 .........................20 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 2.4Bank......

Letter of Credit Procedures. 16 2.3.1 L/C Applications.........................................16 2.3.2 Participation 30 2.4.1 Issuance of Letters of Credit................................30 2.4.2 Participations in Letters of Credit.......................16 2.3.3 ..........................31 2.4.3 Reimbursement Obligations................................17 2.3.4 ....................................31 2.4.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 the Issuer's Obligations.......................32 2.4.5 Funding by Banks to Issuing Banks........................17 2.4the Issuer...............................32 2.5 Pro Rata Treatment..................................................33 2.6 Warranty............................................................33 2.7 Conditions..........................................................33 2.8 Commitments Several.................................................34 2.9 Payments by the Banks to the Agent..................................34

Letter of Credit Procedures. 16 17 2.3.1 L/C Applications.........................................16 ......................................................17 2.3.2 Participation in Letters of Credit.......................16 ....................................18 2.3.3 Reimbursement Obligations................................17 .............................................18 2.3.4 Limitation on Obligations of Issuing Banks...............17 ............................19 2.3.5 Funding by Revolving Banks to Issuing Banks........................17 ...........................19 2.4

Letter of Credit Procedures. 16 15 2.3.1 L/C Applications.........................................16 ............................................15 2.3.2 Participation Participations in Letters of Credit.......................16 .........................15 2.3.3 Reimbursement Obligations................................17 ...................................16 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lender.................16 2.3.5 Funding by Banks Lenders to Issuing BanksLender........................17 16 2.4

Letter of Credit Procedures. 16 24 2.3.1 L/C Applications.........................................16 ............................. 24 2.3.2 Participation Participations in Letters of Credit.......................16 .......... 25 2.3.3 Reimbursement Obligations................................17 .................... 25 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 2.4...

Letter of Credit Procedures. 16 14 2.3.1 L/C Applications.........................................16 .......................................14 2.3.2 Participation Participations in Letters of Credit.......................16 ....................14 2.3.3 Reimbursement Obligations................................17 ..............................15 2.3.4 Limitation on Obligations of Issuing Banks...............17 .............15 2.3.5 Funding by Banks to Issuing Banks........................17 ......................15 2.4

Letter of Credit Procedures. 16 2.3.1 L/C Applications.........................................Issuance Procedures......................................16 2.3.2 Participation Participations in Letters of Credit.......................16 ......................17 2.3.3 Reimbursement Obligations................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................17 18 2.3.6 Repayment of Participations..............................18 2.4

Letter of Credit Procedures. 16 21 2.3.1 L/C Applications.........................................16 ................................................................. 21 2.3.2 Participation Participations in Letters of Credit.......................16 .............................................. 22 2.3.3 Reimbursement Obligations................................17 ........................................................ 22 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 2.4Lender............................................. 23 2.4 Commitments Several......................................................................... 24 2.5 Certain Conditions.......................................................................... 24

Letter of Credit Procedures. 16 27 2.3.1 L/C Applications.........................................16 .................................................................27 2.3.2 Participation Participations in Letters of Credit.......................16 ..............................................28 2.3.3 Reimbursement Obligations................................17 ........................................................28 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 Lender.............................................29 2.4

Letter of Credit Procedures. 16 13 2.3.1 L/C Applications.........................................16 Applications ...........................................13 2.3.2 Participation Participations in Letters of Credit.......................16 Credit ........................13 2.3.3 Reimbursement Obligations................................17 Obligations ..................................13 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lender ................14 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 2.4Lender .......................14 2.4 Commitments Several .................................................15 2.5 Certain Conditions ..................................................15

Letter of Credit Procedures. 16 15 2.3.1 L/C Applications.........................................16 ..............................................................................15 2.3.2 Participation Participations in Letters of Credit.......................16 ...........................................................15 2.3.3 Reimbursement Obligations................................17 .....................................................................15 2.3.4 Limitation on Obligations of Issuing Banks...............17 Bank.....................................................16 2.3.5 Funding by Banks to Issuing Banks........................17 Bank..............................................................16 2.4

Letter of Credit Procedures. 16 21 2.3.1 L/C Applications.........................................16 ......................................................................21 2.3.2 Participation Participations in Letters of Credit.......................16 ...................................................21 2.3.3 Reimbursement Obligations................................17 .............................................................22 2.3.4 Limitation on Obligations of Issuing Banks...............17 Lender...........................................22 2.3.5 Funding by Banks Lenders to Issuing Banks........................17 2.4Lender..................................................22 2.4 Commitments Several...................................................................23 2.5 Certain Conditions....................................................................23

Letter of Credit Procedures. 16 2.3.1 L/C Applications................................................................................16 2.3.2 Participation Participations in Letters of Credit...........................................16 2.3.3 Reimbursement Obligations..............................................................17 2.3.4 Limitation on Obligations of Issuing Banks............................17 2.3.5 Funding by Banks to Issuing Banks..............................................17 2.42.4 Commitments Several...........................................18 2.5 Certain Conditions............................................18