Common use of Letter of Credit Usage Absolute Clause in Contracts

Letter of Credit Usage Absolute. The obligations of the Borrower under this Agreement in respect of any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:

Appears in 21 contracts

Samples: Credit Agreement (Kilroy Realty, L.P.), Credit Agreement (Kilroy Realty, L.P.), Revolving Credit Agreement (Kilroy Realty, L.P.)

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Letter of Credit Usage Absolute. The obligations of the Borrower under this Agreement in respect of any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:

Appears in 4 contracts

Samples: Credit Agreement (Camden Property Trust), Credit Agreement (G Reit Inc), Credit Agreement (G Reit Inc)

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Letter of Credit Usage Absolute. The obligations of the Borrower under this Agreement in respect of any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, 67 without limitation, to the extent permitted by law, the following circumstances:

Appears in 1 contract

Samples: Revolving Credit Agreement (Equity Residential Properties Trust)

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