Common use of Non-Dollar Letters of Credit Clause in Contracts

Non-Dollar Letters of Credit. (a) The Account Parties, the Administrative Agent, the Issuing Banks and the Banks (i) agree that an Issuing Bank may (in its sole discretion), with the prior approval of the Administrative Agent, issue Letters of Credit (“Non-Dollar Letters of Credit”) in currencies other than U.S. dollars and (ii) further agree as set forth in the following subsections of this Section 2.15 with respect to such Non-Dollar Letters of Credit.

Appears in 3 contracts

Samples: Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD)

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Non-Dollar Letters of Credit. (a) The Account PartiesBorrowers, the Administrative Agent, the Issuing Banks Bank and the Banks Lenders (i) agree that an the Issuing Bank may (in its sole discretion), with the prior approval of the Administrative Agent, ) issue Letters of Credit (“Non-Dollar Letters of Credit”) in currencies other than U.S. dollars and (ii) further agree as set forth in the following subsections of this Section 2.15 follows with respect to such Non-Dollar Letters of Credit.:

Appears in 2 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Non-Dollar Letters of Credit. (a) The Account PartiesBorrowers, the Administrative Agent, the Issuing Banks and the Banks Lenders (i) agree that an Issuing Bank may (in its sole discretion), with the prior approval of the Administrative Agent, ) issue Letters of Credit (“Non-Dollar Letters of Credit”) in currencies other than U.S. dollars and (ii) further agree as set forth in the following subsections of this Section 2.15 follows with respect to such Non-Dollar Letters of Credit.:

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Non-Dollar Letters of Credit. (a) The Account Parties, the Administrative Agent, the Issuing Banks Bank and the Banks (i) agree that an the Issuing Bank may (in its sole discretion), with the prior approval of the Administrative Agent, ) issue Letters of Credit ("Non-Dollar Letters of Credit") in currencies other than U.S. ---------------------------- dollars and (ii) further agree as set forth in the following subsections paragraphs of this Section 2.15 with respect to such Non-Dollar Letters of Credit.

Appears in 1 contract

Samples: Reimbursement Agreement (Ace LTD)

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Non-Dollar Letters of Credit. (a) The Account Parties, the Administrative Agent, the Issuing Banks Bank and the Banks (i) agree that an the Issuing Bank may (in its sole discretion), with the prior approval of the Administrative Agent, ) issue Letters of Credit (“Non-"Non- Dollar Letters of Credit") in currencies other than U.S. dollars and (ii) further agree as set forth in the following subsections paragraphs of this Section 2.15 with respect to such Non-Dollar Letters of Credit.

Appears in 1 contract

Samples: Reimbursement Agreement (Ace LTD)

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