Right to Require Replacement of Letter of Credit. If the financial condition of any Letter of Credit issuer issuing the Letter of Credit materially and adversely changes, the Commissioner may, at any time, require that the Letter of Credit be replaced with a Letter of Credit from another institution and in accordance with the requirements set forth in this section.
Appears in 7 contracts
Samples: Concession Lease and License Agreement, Programming Service License Agreement, Lease and License Agreement
