Common use of Procedure for Issuance of Documentary Credits Clause in Contracts

Procedure for Issuance of Documentary Credits. (1) Not later than 12:00 p.m. (local time at the place of Issue) on an applicable Issue Date, the issuing Documentary Credit Lender will complete and issue an appropriate Type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(1); and (iv) with the maturity date as specified by the applicable Borrower in its Issue Notice.

Procedure for Issuance of Documentary Credits. (1) Not later than 12:00 p.m. (local time at the place of Issue) on an applicable Issue Date, the issuing Documentary Credit Swing Line Lender will complete and issue an appropriate Type type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(1)5.02; and (iv) with the maturity date as specified by the applicable Borrower in its Issue Notice.

Procedure for Issuance of Documentary Credits. (1) Not later than 12:00 p.m. (local time at the place of Issue) on an On any applicable Issue Date, the issuing Documentary Credit Lender will complete and issue an appropriate Type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(1); and (iv) with the maturity date as specified by the applicable Borrower in its Issue Notice.

Procedure for Issuance of Documentary Credits. (1) Not later than 12:00 p.m. (local time at the place of Issue) on an applicable Issue Date, the issuing Documentary Credit Lender will complete and issue an appropriate Type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(15.02(1); and (iv) with the maturity date as specified by the applicable Borrower in its Issue Notice.