Common use of Letters of Credit – General Provisions Clause in Contracts

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.

Appears in 3 contracts

Samples: Intercompany Loan Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Common Terms Agreement (Kosmos Energy Ltd.)

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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 Original Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.

Appears in 3 contracts

Samples: Facility Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

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Letters of Credit – General Provisions. 8.1 16.1 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.

Appears in 1 contract

Samples: Facility Agreement (Kosmos Energy Ltd.)

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