Common use of Repayment of Letters of Credit Clause in Contracts

Repayment of Letters of Credit. If drawn upon by the beneficiary of a Letter of Credit, all amounts so drawn shall be due and payable by the Borrower immediately upon receipt of Bank's statement therefor.

Repayment of Letters of Credit. If drawn upon by the beneficiary of a Letter of Credit, all amounts so drawn shall be due and payable by the Borrower immediately upon receipt of Bank's statement thereforstatement.

Repayment of Letters of Credit. If drawn upon by the beneficiary of a Letter of Credit, all amounts so drawn shall be due and payable by the Borrower Borrowers immediately upon receipt of Bank's statement ’s request therefor.. Table of Contents

Repayment of Letters of Credit. If drawn upon by the beneficiary of a Letter of Credit, all amounts so drawn and advanced by the Lender shall be due and payable by the Borrower immediately upon receipt of Bank's Lender’s statement therefor.

Repayment of Letters of Credit. If drawn upon by the beneficiary of a an Operational Letter of Credit, all amounts so drawn shall be due and payable by the Borrower immediately upon receipt of Bank's statement thereforstatement.

Repayment of Letters of Credit. If drawn upon by the beneficiary of a Letter of Credit, all amounts so drawn shall be due and payable by the Borrower immediately upon receipt of Bank's statement request therefor, and until such repayment, the amount so drawn may, at the option of Bank, be treated as the advance of a Loan hereunder.