Common use of Letter of Credit Procedures Clause in Contracts

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

Letter of Credit Procedures. 24 21 2.3.1 L/C Applications....................................................................24 ......................................................................21 2.3.2 Participations in Letters of Credit.................................................24 ...................................................21 2.3.3 Reimbursement Obligations...........................................................25 .............................................................22 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lender...........................................22 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 2.4Lender..................................................22 2.4 Commitments Several...................................................................23 2.5 Certain Conditions....................................................................23

Letter of Credit Procedures. 24 2.3.1 L/C Applications................................................................................................. 24 2.3.2 Participations in Letters of Credit.................................................24 .......... 25 2.3.3 Reimbursement Obligations............................................................................... 25 2.3.4 Limitation on Obligations of Issuing Banks............................................. 25 2.3.5 Funding by Banks to Issuing Banks...................................................25 ............ 26 2.4

Letter of Credit Procedures. 24 15 2.3.1 L/C Applications....................................................................24 ............................................15 2.3.2 Participations in Letters of Credit.................................................24 .........................15 2.3.3 Reimbursement Obligations...........................................................25 ...................................16 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lender.................16 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 Lender........................16 2.4

Letter of Credit Procedures. 24 2.3.1 L/C Applications....................................................................24 2.3.2 30 2.4.1 Issuance of Letters of Credit................................30 2.4.2 Participations in Letters of Credit.................................................24 2.3.3 ..........................31 2.4.3 Reimbursement Obligations...........................................................25 2.3.4 ....................................31 2.4.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 the Issuer's Obligations.......................32 2.4.5 Funding by Banks to Issuing Banks...................................................25 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. 24 28 2.3.1 L/C Applications....................................................................24 ........................................28 2.3.2 Participations in Letters of Credit.................................................24 .....................28 2.3.3 Reimbursement Obligations...........................................................25 ...............................29 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lender.............29 2.3.5 Funding by Banks Revolving Lenders to Issuing Banks...................................................25 Lender..........30 2.3.6 Prior Letters of Credit.................................30 2.4

Letter of Credit Procedures. 24 21 2.3.1 L/C Applications....................................................................24 ..............................................................................21 2.3.2 Participations in Letters of Credit.................................................24 ...........................................................21 2.3.3 Reimbursement Obligations...........................................................25 .....................................................................21 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lenders..................................................22 2.3.5 Funding by Banks Revolving Lenders to Issuing Banks...................................................25 Lenders...............................................22 2.3.6 Applicability of ISP and UCP..................................................................23 2.4

Letter of Credit Procedures. 24 16 2.3.1 L/C Applications....................................................................24 Issuance Procedures......................................16 2.3.2 Participations in Letters of Credit.................................................24 ......................17 2.3.3 Reimbursement Obligations...........................................................25 ................................17 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 ...............17 2.3.5 Funding by Banks to Issuing Banks...................................................25 ........................18 2.3.6 Repayment of Participations..............................18 2.4

Letter of Credit Procedures. 24 15 2.3.1 L/C Applications....................................................................24 ..............................................................................15 2.3.2 Participations in Letters of Credit.................................................24 ...........................................................15 2.3.3 Reimbursement Obligations...........................................................25 .....................................................................15 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Bank.....................................................16 2.3.5 Funding by Banks to Issuing Banks...................................................25 Bank..............................................................16 2.4

Letter of Credit Procedures. 24 2.3.1 L/C Applications....................................................................24 2.3.2 47 2.7 Participations in Letters of Credit.................................................24 2.3.3 Credit .................................. 48 2.8 Reimbursement Obligations...........................................................25 2.3.4 Obligations ............................................ 49 2.9 Limitation on the Issuing Bank's Obligations of Issuing Banks..........................................25 2.3.5 ......................... 49 2.10 Funding by Banks Lenders to the Issuing Banks...................................................25 2.4Bank ............................... 50 2.11 Warranty ............................................................. 50 2.12 Conditions ........................................................... 51 2.13

Letter of Credit Procedures. 24 16 2.3.1 L/C Applications....................................................................24 .......................................16 2.3.2 Participations in Letters of Credit.................................................24 ....................16 2.3.3 Reimbursement Obligations...........................................................25 ..............................17 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 .............17 2.3.5 Funding by Banks to Issuing Banks...................................................25 2.4......................17 2.4 Commitments Several...........................................18 2.5 Certain Conditions............................................18

Letter of Credit Procedures. 24 16 2.3.1 L/C Applications....................................................................24 ...................................... 16 2.3.2 Participations Participation in Letters of Credit.................................................24 .................... 17 2.3.3 Reimbursement Obligations...........................................................25 ............................. 17 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 ............ 18 2.3.5 Funding by Banks to Issuing Banks...................................................25 ..................... 18 2.4

Letter of Credit Procedures. 24 20 2.3.1 L/C Applications....................................................................24 ..................................20 2.3.2 Participations in Letters of Credit.................................................24 ...............20 2.3.3 Reimbursement Obligations...........................................................25 .........................20 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Bank.........20 2.3.5 Funding by Banks to Issuing Banks...................................................25 2.4Bank..................21 2.4 Commitments Several.........................................21 2.5 Certain Conditions..........................................21 2.6 Joint and Several Nature of Loans...........................21

Letter of Credit Procedures. 24 13 2.3.1 L/C Applications....................................................................24 ......................................13 2.3.2 Participations Participation in Letters of Credit.................................................24 ....................14 2.3.3 Reimbursement Obligations...........................................................25 .............................14 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 BofA's Obligations......................14 2.3.5 Funding by Banks to Issuing Banks...................................................25 BofA..............................14 2.3.6 Repayment of Participations...........................15 2.4

Letter of Credit Procedures. 24 19 2.3.1 L/C Applications....................................................................24 ................................19 2.3.2 Participations in Letters of Credit.................................................24 .............20 2.3.3 Reimbursement Obligations...........................................................25 .......................20 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Bank.......20 2.3.5 Funding by Banks to Issuing Banks...................................................25 Bank................20 2.4

Letter of Credit Procedures. 24 14 2.3.1 L/C Applications....................................................................24 .......................................14 2.3.2 Participations in Letters of Credit.................................................24 ....................14 2.3.3 Reimbursement Obligations...........................................................25 ..............................15 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 .............15 2.3.5 Funding by Banks to Issuing Banks...................................................25 ......................15 2.4

Letter of Credit Procedures. 24 21 2.3.1 L/C Applications....................................................................24 ................................................................. 21 2.3.2 Participations in Letters of Credit.................................................24 .............................................. 22 2.3.3 Reimbursement Obligations...........................................................25 ........................................................ 22 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 2.4Lender............................................. 23 2.4 Commitments Several......................................................................... 24 2.5 Certain Conditions.......................................................................... 24

Letter of Credit Procedures. 24 20 2.3.1 L/C Applications....................................................................24 Applications ............................................ 20 2.3.2 Participations in Letters of Credit.................................................24 Credit ......................... 21 2.3.3 Reimbursement Obligations...........................................................25 Obligations ................................... 21 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Bank ................... 22 2.3.5 Funding by Banks to Issuing Banks...................................................25 2.4Bank ............................ 23 2.4 Commitments Several .............................................. 23 2.5 Certain Conditions ............................................... 23

Letter of Credit Procedures. 24 17 2.3.1 L/C Applications....................................................................24 ......................................................17 2.3.2 Participations Participation in Letters of Credit.................................................24 ....................................18 2.3.3 Reimbursement Obligations...........................................................25 .............................................18 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 ............................19 2.3.5 Funding by Revolving Banks to Issuing Banks...................................................25 ...........................19 2.4

Letter of Credit Procedures. 24 13 2.3.1 L/C Applications....................................................................24 Letter of Credit Applications ............................................ 13 2.3.2 Participations in Letters of Credit.................................................24 Reimbursement Obligations ................................................ 13 2.3.3 Reimbursement Obligations...........................................................25 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 Funding by Banks to Issuing Banks...................................................25 Bank ........................................ 14 2.4

Letter of Credit Procedures. 24 14 2.3.1 L/C Applications....................................................................24 ...........................................14 2.3.2 Participations Participation in Letters of Credit.................................................24 .........................14 2.3.3 Reimbursement Obligations...........................................................25 ..................................15 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 BofA's Obligations...........................15 2.3.5 Funding by Banks to Issuing Banks...................................................25 BofA...................................15 2.4

Letter of Credit Procedures. 24 13 2.3.1 L/C Applications....................................................................24 Applications ...........................................13 2.3.2 Participations in Letters of Credit.................................................24 Credit ........................13 2.3.3 Reimbursement Obligations...........................................................25 Obligations ..................................13 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lender ................14 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 2.4Lender .......................14 2.4 Commitments Several .................................................15 2.5 Certain Conditions ..................................................15

Letter of Credit Procedures. 24 16 2.3.1 L/C Applications....................................................................24 ......................................16 2.3.2 Participations Participation in Letters of Credit.................................................24 ....................17 2.3.3 Reimbursement Obligations...........................................................25 .............................17 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 ............18 2.3.5 Funding by Banks to Issuing Banks...................................................25 .....................18 2.4

Letter of Credit Procedures. 24 27 2.3.1 L/C Applications....................................................................24 .................................................................27 2.3.2 Participations in Letters of Credit.................................................24 ..............................................28 2.3.3 Reimbursement Obligations...........................................................25 ........................................................28 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 Lender.............................................29 2.4

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

Letter of Credit Procedures. 24 21 2.3.1 L/C Applications....................................................................24 ........................................................................ 21 2.3.2 Participations in Letters of Credit.................................................24 ..................................................... 22 2.3.3 Reimbursement Obligations...........................................................25 ............................................................... 22 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Lender............................................. 22 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 Lender.................................................... 22 2.3.6 Participation Obligations Unconditional................................................. 23 2.4

Letter of Credit Procedures. 24 14 2.3.1 L/C Letter of Credit Applications....................................................................24 ................................................14 2.3.2 Participations in Letters of Credit.................................................24 ..........................................15 2.3.3 Reimbursement Obligations...........................................................25 ....................................................15 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 Bank....................................15 2.3.5 Funding by Banks to Issuing Banks...................................................25 Bank.............................................15 2.4

Letter of Credit Procedures. 24 27 2.3.1 L/C Applications....................................................................24 ............................................................. 28 2.3.2 Participations in Letters of Credit.................................................24 .......................................... 28 2.3.3 Reimbursement Obligations...........................................................25 .................................................... 29 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 Funding by Banks Lenders to Issuing Banks...................................................25 Lender......................................... 29 2.4