Letters of Credit – General Provisions. 8.1 When immediately repayable or prepayable If a Letter of Credit or any amount outstanding under a Letter of Credit becomes payable, the Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.
Letters of Credit – General Provisions. 6.1 When immediately repayable or prepayable If a Letter of Credit or any amount outstanding under a Letter of Credit becomes payable, the Original Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.
Letters of Credit – General Provisions. Wherever the Concessionaire has the option or obligation to deliver to the Department a letter of credit, the following provisions shall apply except to the extent expressly provided otherwise in this Agreement:
